Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) Increases Dividend to $0.40 Per Share

Fidelity D & D Bancorp, Inc. (NASDAQ:FDBC) announced a quarterly dividend on Thursday, October 24th, Zacks reports. Stockholders of record on Friday, November 15th will be given a dividend of 0.40 per share by the financial services provider on Tuesday, December 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 3.17%. The ex-dividend date of this dividend is Friday, November 15th. This is an increase from Fidelity D & D Bancorp’s previous quarterly dividend of $0.38.

Fidelity D & D Bancorp has increased its dividend payment by an average of 8.6% annually over the last three years and has increased its dividend annually for the last 9 consecutive years.

Fidelity D & D Bancorp Trading Down 2.9 %

Shares of NASDAQ:FDBC traded down $1.50 during trading on Friday, reaching $50.50. The stock had a trading volume of 4,085 shares, compared to its average volume of 7,110. The firm’s fifty day moving average is $50.66 and its 200 day moving average is $48.04. The company has a debt-to-equity ratio of 0.04, a quick ratio of 0.79 and a current ratio of 0.79. Fidelity D & D Bancorp has a 52 week low of $41.10 and a 52 week high of $60.85. The stock has a market cap of $289.67 million, a price-to-earnings ratio of 17.84 and a beta of 0.59.

Fidelity D & D Bancorp (NASDAQ:FDBC) last issued its earnings results on Wednesday, October 23rd. The financial services provider reported $0.86 earnings per share (EPS) for the quarter. The business had revenue of $32.28 million for the quarter. Fidelity D & D Bancorp had a net margin of 14.14% and a return on equity of 11.27%. During the same period in the prior year, the company earned $0.93 earnings per share.

Insider Buying and Selling

In related news, Director Alan Silverman sold 2,000 shares of the stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $51.50, for a total transaction of $103,000.00. Following the transaction, the director now directly owns 19,049 shares of the company’s stock, valued at $981,023.50. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Fidelity D & D Bancorp news, CEO Daniel J. Santaniello sold 759 shares of the firm’s stock in a transaction on Wednesday, July 31st. The shares were sold at an average price of $52.90, for a total value of $40,151.10. Following the transaction, the chief executive officer now directly owns 55,382 shares of the company’s stock, valued at approximately $2,929,707.80. This trade represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Alan Silverman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, September 11th. The shares were sold at an average price of $51.50, for a total transaction of $103,000.00. Following the completion of the transaction, the director now directly owns 19,049 shares in the company, valued at $981,023.50. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 3,500 shares of company stock valued at $182,547 over the last ninety days. 21.00% of the stock is owned by corporate insiders.

Fidelity D & D Bancorp Company Profile

Fidelity D & D Bancorp, Inc operates as the bank holding company for The Fidelity Deposit and Discount Bank that provides a range of banking, trust, and financial services to individuals, small businesses, and corporate customers. The company accepts savings, club, interest-bearing and non-interest-bearing checking, money market, and short- and long-term time deposits, as well as certificates of deposit.