Lake Shore Bancorp, Inc. (LSBK) Plans $0.10 Quarterly Dividend

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) declared a quarterly dividend on Thursday, October 25th, Wall Street Journal reports. Shareholders of record on Tuesday, November 6th will be given a dividend of 0.10 per share by the savings and loans company on Monday, November 19th. This represents a $0.40 annualized dividend and a yield of 2.55%. The ex-dividend date of this dividend is Monday, November 5th.

Lake Shore Bancorp has raised its dividend payment by an average of 4.6% annually over the last three years.

Shares of Lake Shore Bancorp stock opened at $15.70 on Friday. The stock has a market capitalization of $94.22 million and a P/E ratio of 26.37. Lake Shore Bancorp has a twelve month low of $15.50 and a twelve month high of $18.00. The company has a debt-to-equity ratio of 0.31, a quick ratio of 0.99 and a current ratio of 0.99.

Lake Shore Bancorp (NASDAQ:LSBK) last issued its quarterly earnings results on Wednesday, July 25th. The savings and loans company reported $0.16 earnings per share for the quarter. The firm had revenue of $5.06 million for the quarter. Lake Shore Bancorp had a net margin of 15.24% and a return on equity of 4.76%.

Lake Shore Bancorp Company Profile

Lake Shore Bancorp, Inc operates as the savings and loan holding company for Lake Shore Savings Bank that provides retail and commercial banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club, passbook, and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts comprising demand deposits; health savings accounts; retirement accounts; time deposits; interest on lawyer accounts; and accounts for individuals, as well as commercial savings, checking, and money market accounts for businesses.

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Dividend History for Lake Shore Bancorp (NASDAQ:LSBK)

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