Lake Shore Bancorp(NASDAQ:LSBK) Declares Dividend of $0.0700.

Lake Shore Bancorp (NASDAQ:LSBK) had declared a cash dividend of $0.0700 on Jul 28, 2016. The shares will quote ex-dividend on Aug 9, 2016 and the record date has been fixed for Aug 11, 2016. On Jul 28, 2016 share price, the yield comes out to be 2.0950%. The dividend payable date has been fixed on Aug 22, 2016.

Several Insider Transactions has been reported to the SEC. On Jun 15, 2016, Reginald S Corsi (director) sold 900 shares at $13.05 per share price.Also, On Jun 9, 2016, Sharon E Brautigam (director) sold 2,797 shares at $13.06 per share price.On May 19, 2016, Daniel P Reininga (President and CEO) sold 12,646 shares at $13.61 per share price, according to the Form-4 filing with the securities and exchange commission.

Lake Shore Bancorp Inc. is a mid-tier federally chartered savings and loan holding company of Lake Shore Savings Bank (the Bank). The Company’s operations are conducted out of its corporate headquarters and main branch office in Dunkirk New York and 10 other branch offices. The Company’s branches in Chautauqua County New York are located in Dunkirk Fredonia Jamestown Lakewood and Westfield. The Company has seven stand-alone automated teller machines (ATMs). The Company is focused on originating commercial real estate and commercial business loans to add adjustable rate loans to its portfolio and diversify the risk on its balance sheet. All of the securities in the Company’s portfolio are classified as available for sale. The Company’s primary sources of funds are deposits borrowings repayments and prepayments of loans and securities principal proceeds from the sale of securities proceeds from maturing securities and cash flows provided by operations.

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