Enterprise Bancorp, Inc. Declares Dividend for Shareholders
Enterprise Bancorp, Inc. is proud to announce that its Board of Directors has declared a quarterly dividend of $0.25 per share. This dividend reflects the company’s commitment to providing value to its shareholders and encourages continued investment in its operations.
Dividend Payment Details
The declared dividend will be paid on a specified date to those shareholders of record. This annual practice reinforces the company's strong financial standing and ongoing profitability.
Understanding Enterprise Bancorp's Operations
Enterprise Bancorp, Inc. operates primarily through its flagship, Enterprise Bank and Trust Company, which plays a vital role in the financial landscape. The bank focuses on attracting deposits and investing in commercial loans and securities, providing various services to meet customer needs.
Product Offerings
With an extensive range of products including commercial, residential, and consumer loans, Enterprise Bank also offers various deposit products and cash management services. The incorporation of digital banking solutions enhances its customer accessibility.
Market Presence and Branch Locations
Enterprise Bancorp has established a robust presence with 27 full-service branches across Massachusetts and New Hampshire. This widespread footprint ensures that services are easily accessible to a diverse customer base.
Strategic Location
The company's primary market includes Northern Middlesex, Northern Essex, and Northern Worcester counties in Massachusetts and extends into Southern New Hampshire, showcasing its competitive position in the region.
Company Contact Information
For more information or inquiries related to the dividend announcement or other company matters, please reach out to Joseph R. Lussier, Executive Vice President, Chief Financial Officer, and Treasurer at (978) 656-5578.
Frequently Asked Questions
What is the dividend amount declared by Enterprise Bancorp?
Enterprise Bancorp, Inc. has declared a dividend of $0.25 per share.
When is the dividend payment date?
The dividend will be paid on March 3, 2025.
Who is eligible to receive the dividend?
Shareholders of record as of February 10, 2025, will be eligible for the dividend payment.
What services does Enterprise Bank offer?
Enterprise Bank offers commercial, residential, and consumer loans, along with various deposit products and digital banking options.
How many branches does Enterprise Bancorp have?
Enterprise Bancorp operates 27 full-service branches across Massachusetts and New Hampshire.
