The First Bancorp Declares Second Quarter Dividend
29 Juin 2023 - 10:15PM
Business Wire
The First Bancorp (NASDAQ: FNLC), the parent company of First
National Bank, today declared a quarterly cash dividend of 35 cents
per share. This second quarter dividend is payable July 20, 2023 to
shareholders of record as of July 10, 2023. The quarterly cash
dividend of 35 cents per share is an increase of one cent per share
from the dividend paid in each of the prior four quarters.
"I'm pleased to announce a second quarter dividend of 35 cents
per share", remarked President & Chief Executive Officer, Tony
C. McKim. "The quarterly dividend remains an important part of the
value we offer our shareholders. Based on the June 28, 2023 closing
price of $24.23 per share, the annualized dividend of $1.40 per
share represents an attractive yield of 5.78%."
The First Bancorp, headquartered in Damariscotta, Maine, is the
holding company for First National Bank. Founded in 1864, the Bank
serves Mid-Coast and Down East Maine with eighteen offices in
Lincoln, Knox, Hancock, Penobscot, Waldo and Washington Counties.
The Bank provides a full range of consumer and commercial banking
products and services. First National Wealth Management, a division
of First National Bank, provides investment management and trust
services from five offices in Lincoln, Knox, Penobscot and Hancock
Counties.
Forward-looking and cautionary statements: except for the
historical information and discussions contained herein, statements
contained in this release may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements involve a number of risks,
uncertainties and other factors that could cause actual results and
events to differ materially, as discussed in the Company's filings
with the Securities and Exchange Commission.
Category: Dividends
Source: The First Bancorp
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version on businesswire.com: https://www.businesswire.com/news/home/20230629724858/en/
The First Bancorp Richard M. Elder, EVP, Chief Financial Officer
207-563-3195 rick.elder@thefirst.com
First Bancorp (NASDAQ:FNLC)
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