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Stock impact report

The First Bancorp Declares First Quarter Dividend

First Bancorp, Inc (ME) (FNLC) 
Company Research Source: Business Wire
DAMARISCOTTA, Maine--(BUSINESS WIRE)--The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 30 cents per share. This first quarter dividend is payable April 20, 2020, to shareholders of record as of April 10, 2020. Based on the March 25, 2020 closing price of $19.99 per share, the annualized dividend of $1.20 per share translates to a yield of 6.00%."The First Bancorp reported strong operating results throughout 2019, resulting in record earnings for the year" noted President & Chief Executive Officer, Tony C. McKim. "While we are now collectively addressing the unprecedented challenges of the COVID-19 pandemic, the Company's Board of Directors continues to support the payment of a generous cash dividend to 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 Show less Read more
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