 DUNKIRK, N.Y., Feb. 05, 2021 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 Companys Board of Directors approved a 0.13 per share cash dividend on its common stock, payable on March 15, 2021, to shareholders of record as of February 26, 2021. Based on the Companys closing stock price of 13.50 on February 3, 2021, the implied dividend yield for the Companys common stock is currently 3.85. 