Financial Institutions (FISI) Raises Quarterly Dividend 4.2% to $0.25; 3.3% Yield
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Financial Institutions, Inc. Announces Increase in Quarterly Dividend
February 28, 2019 4:06 PM ESTWARSAW, N.Y., Feb. 28, 2019 (GLOBE NEWSWIRE) -- Financial Institutions, Inc. (the Company) (NASDAQ: FISI) announced today that its Board of Directors has approved a quarterly cash dividend of $0.25 per outstanding common share, which represents a 4.2% increase from the most recent quarterly cash dividend. The Company also announced dividends of $0.75 per share on its Series A 3% preferred stock and $2.12 per share on its Series B-1 8.48% preferred stock. All dividends are payable April 2, 2019, to shareholders of record on March 15, 2019.
President and Chief Executive Officer Martin K. Birmingham stated, We are... More
