Lake Shore Bancorp, Inc. Announces Fourth Quarter 2021 Dividend

DUNKIRK, N.Y., Feb. 11, 2022 (GLOBE NEWSWIRE) -- Lake Shore Bancorp, Inc. (the “Company”) (NASDAQ Global Market: LSBK), the holding company for Lake Shore Savings Bank (the “Bank”), announced that the Company’s Board of Directors approved a $0.16 per share cash dividend on its common stock, payable on March 17, 2022, to shareholders of record as of February 24, 2022. Based on the Company’s closing stock price of $14.86 on February 10, 2022, the implied dividend yield for the Company’s common stock is currently 4.31%.

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