GlobeNewswire Inc | Oct 20, 2021 04:00PM EDT

October 20, 2021

DUNMORE, Pa., Oct. 20, 2021 (GLOBE NEWSWIRE) -- The Board of Directors of Fidelity D & D Bancorp, Inc. (NASDAQ: FDBC), parent company of The Fidelity Deposit and Discount Bank, announce their declaration of the Companys fourth quarter dividend of $0.33 per share, a 10% increase above the prior quarterly cash dividend of $0.30 per share.

We are very proud to announce a dividend increase for the seventh consecutive year. This cash dividend increase demonstrates the Board of Directors and the Fidelity Bankers commitment to sustainably increasing shareholder value, while continuing investment back into the Company in a meaningful way that drives profitable growth, stated Daniel J. Santaniello, President and Chief Executive Officer. The improvement in revenue levels from growth along with the successful integration of both acquisitions lead to this prudent decision.

The cash dividend of $0.33 per share is payable December 10, 2021 to shareholders of record at the close of business on November 19, 2021.

Fidelity D & D Bancorp, Inc. serves Lackawanna, Luzerne and Northampton Counties through The Fidelity Deposit and Discount Banks 23 full-service community banking offices, along with the Fidelity Bank Wealth Management Minersville Office in Schuylkill County. Fidelity Bank provides a digital and virtual experience via digital services and digital account opening through online banking and mobile app.

For more information visit our investor relations web site through www.bankatfidelity.com.

This press release may contain forward-looking statements as defined in thePrivate Securities Litigation Reform Act of 1995. Actual results and trendscould differ materially from those set forth in such statements due to variousfactors. These factors include the possibility that increased demand or pricesfor the company?s financial services and products may not occur, changingeconomic, interest rate and competitive conditions, technological developmentsand other risks and uncertainties, including those detailed in the company?sfilings with the Securities and Exchange Commission.

Contacts: Daniel J. Santaniello Salvatore R. DeFrancesco, Jr. President and Chief Executive Officer Treasurer and Chief Financial Officer 570-504-8035 570-504-8000