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Lake Shore Bancorp, Inc. operates as the savings and loan holding company for Lake Shore Savings Bank that provides banking products and services. It accepts various deposit products, such as regular savings deposits, including Christmas Club and statement savings accounts; money market savings and checking accounts; interest bearing and non-interest bearing checking accounts, such as 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 small to medium sized businesses. The company's loan portfolio consists of commercial real estate, commercial construction, and home equity loans and lines of credit; commercial loans comprising business installment loans, lines of credit, and other commercial loans; one- to four-family residential mortgages; and consumer loans, such as personal consumer loans, overdraft lines of credit, vehicle loans, secured and unsecured property improvement loans, and other secured loans, as well as loans secured by certificates of deposit. As of February 11, 2022, it had eleven full-service branch locations in Western New York, including five locations in Chautauqua County and six locations in Erie County, New York. The company was founded in 1891 and is headquartered in Dunkirk, New York. Lake Shore Bancorp, Inc. is a subsidiary of Lake Shore, MHC.

Lake Shore Bancorp Dividend Announcement

Lake Shore Bancorp announced a quarterly dividend of $0.18 per ordinary share which will be made payable on 2024-08-16. Ex dividend date: 2024-08-12
Lake Shore Bancorp annual dividend for 2024 was $0.36
Lake Shore Bancorp's trailing twelve-month (TTM) dividend yield is 2.68%
Lake Shore Bancorp's payout ratio for the trailing twelve months (TTM) is 8.11%

Lake Shore Bancorp Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-12$0.18quarterly2024-08-16
2024-05-03$0.18quarterly2024-05-10
2022-11-03$0.18quarterly2022-11-18
2022-08-01$0.18quarterly2022-08-19
2022-05-06$0.16quarterly2022-05-23
2022-02-23$0.16quarterly2022-03-17
2021-11-08$0.14quarterly2021-11-19
2021-08-05$0.14quarterly2021-08-20
2021-05-07$0.13quarterly2021-05-21
2021-02-25$0.13quarterly2021-03-15
2020-11-04$0.13quarterly2020-11-19
2020-08-05$0.12quarterly2020-08-20
2020-05-06$0.12quarterly2020-05-22
2020-02-21$0.12quarterly2020-03-16
2019-11-06$0.12quarterly2019-11-21
2019-08-02$0.12quarterly2019-08-16
2019-05-03$0.12quarterly2019-05-20
2019-02-20$0.12quarterly2019-03-15
2018-11-05$0.10quarterly2018-11-19
2018-08-06$0.10quarterly2018-08-21
2018-05-04$0.10quarterly2018-05-21
2018-02-26$0.10quarterly2018-03-15
2017-11-03$0.08quarterly2017-11-20
2017-08-08$0.08quarterly2017-08-24
2017-05-09$0.08quarterly2017-05-24
2017-02-21$0.08quarterly2017-03-13
2016-11-08$0.07quarterly2016-11-21
2016-08-09$0.07quarterly2016-08-22
2016-05-05$0.07quarterly2016-05-20
2016-02-24$0.07quarterly2016-03-10
2015-11-05$0.07quarterly2015-11-19
2015-07-30$0.07quarterly2015-08-18
2015-05-06$0.07quarterly2015-05-22
2015-02-17$0.07quarterly2015-03-10
2014-10-31$0.07quarterly2014-11-18
2014-08-04$0.07quarterly2014-08-19
2014-05-02$0.07quarterly2014-05-21
2014-02-13$0.07quarterly2014-03-18
2013-11-01$0.07quarterly2013-11-19
2013-08-02$0.07quarterly2013-08-20
2013-05-03$0.07quarterly2013-05-21
2013-03-07$0.07quarterly2013-03-29
2012-11-02$0.04quarterly2012-11-20
2012-08-02$0.07quarterly2012-08-22
2012-05-03$0.07quarterly2012-05-22
2012-02-06$0.07quarterly2012-02-22

Lake Shore Bancorp Dividend per year

Lake Shore Bancorp Dividend growth

Lake Shore Bancorp Dividend Yield

Lake Shore Bancorp current trailing twelve-month (TTM) dividend yield is 2.68%. Interested in purchasing Lake Shore Bancorp stock? Use our calculator to estimate your expected dividend yield:

Lake Shore Bancorp Financial Ratios

P/E ratio17.97
PEG ratio1.23
P/B ratio0.92
ROE5.21%
Payout ratio8.11%
Current ratio0.21
Quick ratio2.18
Cash Ratio0.20

Lake Shore Bancorp Dividend FAQ

How much is the next Lake Shore Bancorp dividend?
Lake Shore Bancorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Lake Shore Bancorp dividend. The next Lake Shore Bancorp dividend will be released in .
When is Lake Shore Bancorp dividend paid?
Lake Shore Bancorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around . However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Lake Shore Bancorp pay?
The specific amount of Lake Shore Bancorp dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Lake Shore Bancorp's dividend history.
Does Lake Shore Bancorp stock pay dividends?
Yes, Lake Shore Bancorp does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Lake Shore Bancorp's dividend history.
How much dividend does Lake Shore Bancorp pay?
Lake Shore Bancorp paid $0.36 in 2024, $0.0 in 2023, $0.68 in 2022, $0.54 in 2021, and $0.49 in 2020.
How often does Lake Shore Bancorp pay dividends?
Lake Shore Bancorp typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around .
What is Lake Shore Bancorp's dividend yield?
The current dividend yield for Lake Shore Bancorp is 2.68%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Lake Shore Bancorp's exact dividend yield.
When does Lake Shore Bancorp go ex dividend?
Lake Shore Bancorp's ex-dividend date for the latest dividend was on 2024-08-12. Lake Shore Bancorp typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Lake Shore Bancorp dividend paid?
Lake Shore Bancorp pays dividends on a quarterly basis, typically around , but the exact dates can vary each year.
Will Lake Shore Bancorp increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Lake Shore Bancorp will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Lake Shore Bancorp dividend per share?
Lake Shore Bancorp paid $0.36 per share in 2024 and $0.0 per share in 2023. The amount of dividend per share that Lake Shore Bancorp pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Lake Shore Bancorp a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Lake Shore Bancorp a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Lake Shore Bancorp a dividend stock?
Yes, Lake Shore Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Lake Shore Bancorp a good dividend stock?
Whether Lake Shore Bancorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Lake Shore Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Lake Shore Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Lake Shore Bancorp pay dividends monthly?
Lake Shore Bancorp typically pays dividends on a quarterly basis.
Does Lake Shore Bancorp pay dividends quarterly?
Lake Shore Bancorp currently pays dividends on a quarterly basis.
Has Lake Shore Bancorp ever paid a dividend?
Yes, Lake Shore Bancorp has a history of paying dividends to its shareholders. Lake Shore Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Lake Shore Bancorp dividend stocks?
To buy Lake Shore Bancorp you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Lake Shore Bancorp stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Lake Shore Bancorp pay dividends 2024?
Lake Shore Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-16. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Lake Shore Bancorp increase its dividend in 2024?
Decisions regarding Lake Shore Bancorp dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Lake Shore Bancorp dividend overview you can look into the above table of dividend history.
How Lake Shore Bancorp dividend works?
The Lake Shore Bancorp dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Lake Shore Bancorp's dividend process works:

1. Determination of Dividend: Lake Shore Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Lake Shore Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Lake Shore Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Lake Shore Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Lake Shore Bancorp dividends paid?
Lake Shore Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Lake Shore Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Lake Shore Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Lake Shore Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Lake Shore Bancorp pay dividends?
Lake Shore Bancorp typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Lake Shore Bancorp pay dividends?
The general pattern is that Lake Shore Bancorp pays dividends around . However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Lake Shore Bancorp dividend safe?
The safety of Lake Shore Bancorp's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Lake Shore Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Lake Shore Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.