Financial Institutions, Inc. Announces 3.3% Increase in Common Stock Dividend

Core Points - Financial Institutions, Inc. announced a quarterly cash dividend of $0.31 per outstanding common share, reflecting a 3.3% increase from the previous quarter [1][2] - The annualized yield of the cash dividend is 4.4%, based on a closing share price of$ 28.00 on February 12, 2025 [2] - The company also declared dividends of $0.75 per share on Series A 3% preferred stock and$ 2.12 per share on Series B-1 8.48% preferred stock, payable on April 2, 2025 [3] Company Overview - Financial Institutions, Inc. is a financial holding company with approximately $6.1 billion in assets as of December 31, 2024 [4] - The company offers banking and wealth management products and services through its subsidiary, Five Star Bank, which serves individuals, municipalities, and businesses in Western and Central New York [4] - Courier Capital, LLC, another subsidiary, provides customized investment management, financial planning, and consulting services to a diverse clientele [4]