The First Bancorp Declares First Quarter Dividend

The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, March 30, 2023
Information
Tags: 
Banking, Professional Services, Finance, FNLC, First Bancorp, Security (finance), Bank, First National Bank, Holding company
Geotags: 
MAINE, UNITED STATES, NORTH AMERICA, PENOBSCOT
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Organisation: 
FIRST BANCORP, THE FIRST BANCORP, FIRST BANCORP.
Stock Symbol: 
NASDAQ:FNLC
Summary
Key Points: 
  • The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share.
  • This first quarter dividend is payable April 20, 2023 to shareholders of record as of April 10, 2023.
  • "I'm pleased to announce a first quarter dividend of 34 cents per share," remarked President & Chief Executive Officer, Tony C. McKim.
  • The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for First National Bank.


The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 34 cents per share. This first quarter dividend is payable April 20, 2023 to shareholders of record as of April 10, 2023.

"I'm pleased to announce a first quarter dividend of 34 cents per share," remarked President & Chief Executive Officer, Tony C. McKim. "Based on the March 29, 2023 closing price of $26.26 per share, the annualized dividend of $1.36 per share represents an attractive yield of 5.18% for our shareholders."

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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