{"id":732664,"date":"2023-02-17T16:08:53","date_gmt":"2023-02-17T21:08:53","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/financial-institutions-inc-announces-3-4-increase-in-common-stock-dividend\/"},"modified":"2023-02-17T16:08:53","modified_gmt":"2023-02-17T21:08:53","slug":"financial-institutions-inc-announces-3-4-increase-in-common-stock-dividend","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/financial-institutions-inc-announces-3-4-increase-in-common-stock-dividend\/","title":{"rendered":"Financial Institutions, Inc. Announces 3.4% Increase in Common Stock Dividend"},"content":{"rendered":"

\n13th Consecutive Annual Increase
\n<\/h2>\n
\n

WARSAW, N.Y., Feb. 17, 2023 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ: FISI) (the \u201cCompany\u201d), parent company of Five Star Bank (the \u201cBank\u201d), SDN Insurance Agency, LLC, Courier Capital, LLC and HNP Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share, an increase of $0.01 or 3.4% from the most recent quarter.<\/p>\n

\u201cOur Board\u2019s confidence in the Company\u2019s strategy and earnings potential support this increase,\u201d said President and Chief Executive Officer Martin K. Birmingham. \u201cToday\u2019s announcement represents our 13th consecutive annual dividend increase and demonstrates a strong commitment to shareholder return.\u201d<\/p>\n

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 3, 2023, to shareholders of record on March 16, 2023.<\/p>\n

\n About Financial Institutions, Inc. <\/strong>
\n
Financial Institutions, Inc. (NASDAQ: FISI) is an innovative financial holding company with approximately $5.8 billion in assets offering banking, insurance and wealth management products and services through a network of subsidiaries. Its Five Star Bank subsidiary provides consumer and commercial banking and lending services to individuals, municipalities and businesses through its Western and Central New York branch network and its Mid-Atlantic commercial loan production office serving the Baltimore and Washington, D.C. region. SDN Insurance Agency, LLC provides a broad range of insurance services to personal and business clients, while Courier Capital, LLC and HNP Capital, LLC offer customized investment management, consulting and retirement plan services to individuals, businesses, institutions, foundations and retirement plans. Learn more at www.five-starbank.com and www.FISI-Investors.com.<\/p>\n

\n For additional information contact: <\/strong>
\n
Pamela A. Kennard
Investor Relations Analyst
(585) 584-1549<\/p>\n

\n
\n
\n \n <\/div>\n

<\/div>\n","protected":false},"excerpt":{"rendered":"

13th Consecutive Annual Increase WARSAW, N.Y., Feb. 17, 2023 (GLOBE NEWSWIRE) — Financial Institutions, Inc. (NASDAQ: FISI) (the \u201cCompany\u201d), parent company of Five Star Bank (the \u201cBank\u201d), SDN Insurance Agency, LLC, Courier Capital, LLC and HNP Capital, LLC, announced today that its Board of Directors has approved a quarterly cash dividend of $0.30 per outstanding common share, an increase of $0.01 or 3.4% from the most recent quarter. \u201cOur Board\u2019s confidence in the Company\u2019s strategy and earnings potential support this increase,\u201d said President and Chief Executive Officer Martin K. Birmingham. \u201cToday\u2019s announcement represents our 13th consecutive annual dividend increase and demonstrates a strong commitment to shareholder return.\u201d The Company also announced dividends of $0.75 per share on its Series A … <\/p>\n

Continue reading “Financial Institutions, Inc. Announces 3.4% Increase in Common Stock Dividend”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-732664","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nFinancial Institutions, Inc. Announces 3.4% Increase in Common Stock Dividend - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/financial-institutions-inc-announces-3-4-increase-in-common-stock-dividend\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Financial Institutions, Inc. 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