The First Bancorp Declares Third Quarter Dividend
September 26 2024 - 3:15PM
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 third quarter dividend is payable October 18, 2024
to shareholders of record as of October 8, 2024.
"I'm pleased to announce a dividend of 36 cents per share for
the third quarter," remarked President & Chief Executive
Officer, Tony C. McKim. "The quarterly dividend remains an
important component of the value we offer our shareholders. Based
on a closing price of $26.03 per share on September 25, 2024, the
annualized dividend of $1.44 per share represents an attractive
yield of 5.53%."
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
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version on businesswire.com: https://www.businesswire.com/news/home/20240926107245/en/
The First Bancorp Richard M. Elder, EVP, Chief Financial Officer
207-563-3195 rick.elder@thefirst.com
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