BUFFALO, N.Y., April 22, 2016 (GLOBE NEWSWIRE) -- First Niagara Financial Group, Inc. (NASDAQ:FNFG) today announced that the Company's Board of Directors declared a quarterly dividend of eight cents ($0.08) per share on outstanding FNFG common stock. 

The Company's Board of Directors also declared a quarterly preferred stock dividend of $0.539063 per share on its fixed-to-floating rate perpetual non-cumulative preferred stock, Series B. 

Both dividends will be payable on May 16, 2016 to shareholders of record on May 5, 2016. 

About First Niagara

First Niagara, through its wholly owned subsidiary, First Niagara Bank, N.A., is a multi-state community-oriented bank with approximately 390 branches, $40 billion in assets, $29 billion in deposits, and approximately 5,400 employees providing financial services to individuals, families and businesses across New York, Pennsylvania, Connecticut and Massachusetts. For additional information on First Niagara, visit us at www.firstniagara.com, follow us on Twitter @FirstNiagara, or like us on Facebook at FirstNiagaraBank.
First Niagara ContactsInvestors:Ram ShankarSenior Vice President, Investor Relations(716) 270-8623ram.shankar@fnfg.comNews Media:David LanzilloSenior Vice President, Corporate Communications(716) 819-5780david.lanzillo@fnfg.com

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