Katahdin Bankshares Corp. Declares Fourth Quarter Dividend
Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, recently announced an exciting update regarding its quarterly dividend. In an effort to reward its loyal shareholders, the company has declared a cash dividend of $0.2025 per share for the fourth quarter. This payment is particularly noteworthy as it reflects a significant 15.7% increase compared to last year’s dividend for the same period.
Dividend Payment Details
This new dividend is scheduled to be payable on December 22 of this year to all shareholders who are on record as of December 15. This means that shareholders will want to ensure their stocks are accounted for by this date to receive the upcoming dividend.
About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. serves as the bank holding company for Katahdin Trust Company, which has been a staple in the community since its founding in 1918. As a community bank, Katahdin Trust operates out of Houlton and offers its services through 16 different locations, proudly managing assets exceeding $1.09 billion. Their solid performance and commitment to community banking exemplify their dedication to serving their customers best.
Growing Presence and Community Impact
Katahdin Bankshares Corp. has carved a place for itself in the banking industry, driven by a mission to offer exceptional customer service and engage with the communities it serves. With an increase in dividends, the company not only strengthens its relationship with its shareholders but also underscores its financial stability and growth trajectory. This is an encouraging sign for potential investors and customers alike, showcasing the company's resilience and operational acumen.
Frequently Asked Questions
What is the announced dividend per share?
Katahdin Bankshares Corp. has declared a quarterly dividend of $0.2025 per share.
When will the dividend be paid?
The dividend is scheduled to be paid on December 22 to shareholders of record as of December 15.
How much has the dividend increased compared to last year?
This dividend reflects a 15.7% increase over the fourth-quarter dividend from the previous year.
What is the main business of Katahdin Bankshares Corp.?
Katahdin Bankshares Corp. is the parent company of Katahdin Trust Company, which operates as a community bank.
Where can I find more information about Katahdin Trust?
Further details can be found on their website at www.katahdintrust.com.