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Stock impact report

The First Bancorp Declares Second 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 second quarter dividend is payable July 31, 2019, to shareholders of record as of July 10, 2019, and is up one cent from the 29 cents per share the Company paid in each of the past four quarters. Based on the June 26, 2019 closing price of $25.06 per share, the annualized dividend of $1.20 per share translates to a yield of 4.79%."In 2018, The First Bancorp reported its fifth consecutive year of record earnings. This positive trend continued with an 11.8% year to year increase for the first quarter of 2019" noted President & Chief Executive Officer, Tony C. McKim. “The Company's Board of Directors continues to view it appropriate to share these strong results with our shareholders in the form of increased cash dividends.”The First Bancorp, headquartered in Damariscotta, Maine, is Show less Read more
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