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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 First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 36 cents per share. This second quarter dividend is payable July 19, 2024 to shareholders of record as of July 9, 2024. The quarterly cash dividend of 36 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 that the Board of Directors approved a one cent increase in the second quarter dividend to 36 cents per share," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend continues to be an important component of the value we offer our shareholders. Based on the June 26, 2024 closing price of $23.53 per share, the annualized dividend of $1.44 per share represents an attractive yield of 6.12%."The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for First National Bank. Founded in 1864, th Show less Read more
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