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Brian J. Cali, Chairman of the Board at Fidelity D & D Bancorp Inc. (NASDAQ:FDBC), has made a purchase of common stock, according to a recent SEC filing. On January 9, Cali acquired 225 shares at a price of approximately $54.25 per share, totaling $12,224. This transaction increases his direct ownership to 402,559 shares. Additionally, Cali holds 1,770 shares indirectly through his children. This move highlights Cali's continued investment in the company, which boasts a 30-year track record of consistent dividend payments and currently offers a 3.66% yield. InvestingPro subscribers can access 6 additional key insights about FDBC's financial health and market position.
In other recent news, Fidelity D & D Bancorp, the parent company of The Fidelity Deposit and Discount Bank, has announced a 5% increase in its quarterly cash dividend to $0.40 per share. This marks the tenth consecutive year of dividend growth for the company, effectively doubling the dividend amount over this period. The new dividend is set to be distributed to shareholders on record by the close of business in mid-November.
Fidelity D & D Bancorp continues to operate in several Pennsylvania counties, providing a range of banking services through its 21 full-service community offices, including wealth management services. The company has also been focusing on enhancing both traditional and digital banking experiences for its clients.
President & Chief Executive Officer, Daniel J. Santaniello, attributed this dividend growth to strategic reinvestment and consistent support from the bank's employees, clients, and shareholders. However, it is important to note that these are forward-looking statements, and actual results may vary due to factors such as economic conditions, interest rates, competition, and technological changes.
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