Lake Shore Bancorp (LSBK) Declares $0.16 Quarterly Dividend; 4.3% Yield

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Lake Shore Bancorp, Inc. Announces Fourth Quarter 2021 Dividend

February 11, 2022 9:55 AM EST

DUNKIRK, N.Y., Feb. 11, 2022 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the Company) (NASDAQ Global Market: LSBK), the holding company for Lake Shore Savings Bank (the Bank), announced that the Companys Board of Directors approved a $0.16 per share cash dividend on its common stock, payable on March 17, 2022, to shareholders of record as of February 24, 2022. Based on the Companys closing stock price of $14.86 on February 10, 2022, the implied dividend yield for the Companys common stock is currently 4.31%.

On February 9, 2022, Lake Shore, MHC (the MHC), which holds 3,636,875 shares, or 63.9% of the... More