Lake Shore Bancorp, Inc. (LSBK) to Issue Quarterly Dividend of $0.13 on March 15th

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) declared a quarterly dividend on Friday, February 5th, Zacks reports. Stockholders of record on Friday, February 26th will be given a dividend of 0.13 per share by the savings and loans company on Monday, March 15th. This represents a $0.52 annualized dividend and a dividend yield of 3.35%. The ex-dividend date is Thursday, February 25th.

Lake Shore Bancorp has increased its dividend payment by 53.1% over the last three years and has raised its dividend every year for the last 1 years.

LSBK opened at $15.50 on Tuesday. The company has a quick ratio of 1.02, a current ratio of 1.02 and a debt-to-equity ratio of 0.37. The firm has a 50 day moving average price of $13.76 and a 200-day moving average price of $12.98. Lake Shore Bancorp has a twelve month low of $8.95 and a twelve month high of $16.00. The stock has a market capitalization of $90.33 million, a price-to-earnings ratio of 20.40 and a beta of 0.58.

Lake Shore Bancorp (NASDAQ:LSBK) last released its quarterly earnings data on Friday, January 29th. The savings and loans company reported $0.21 earnings per share for the quarter. Lake Shore Bancorp had a net margin of 16.49% and a return on equity of 5.34%. The firm had revenue of $6.25 million during the quarter.

Separately, TheStreet cut shares of Lake Shore Bancorp from a “b” rating to a “c+” rating in a report on Thursday, January 7th.

About Lake Shore Bancorp

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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