These 5 Companies Recently Increased Their Dividends

1. Lake Shore Bancorp, Inc. (NASDAQ:LSBK)

Dividend Yield as of July 21: 4.60%

Lake Shore Bancorp, Inc. (NASDAQ:LSBK) is a New York-based bank holding company that has been serving its consumers for the past 130 years.

In Q2 2022, Lake Shore Bancorp, Inc. (NASDAQ:LSBK) paid $625,000 in dividends to shareholders, up 14.1% from the same period last year. On July 21, the company raised its quarterly dividend by 12.5% to $0.18 per share. The dividend is payable on August 19, to shareholders of record on August 2. As of July 21, the stock’s dividend yield came in at 4.60%.

At the end of Q1 2022, Minerva Advisors was the only stakeholder of Lake Shore Bancorp, Inc. (NASDAQ:LSBK), owning a stake worth $293,000.

You can also take a look at 10 Dividend Aristocrats to Buy for 2022 and 10 Cheap Value Stocks to Buy for 2022

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