Katahdin Bankshares Increases Q3 Dividend to $0.2025
Katahdin Bankshares Corp. Declares Quarterly Dividend
Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, has announced the declaration of a cash dividend for the upcoming quarter. This significant announcement highlights the company’s commitment to rewarding its shareholders.
Details of the Dividend Announcement
The Board of Directors has approved a cash dividend of $0.2025 per share for the third quarter of the year. This dividend showcases an impressive 15.7% increase compared to the dividend distributed during the same period last year. This decision reflects the solid performance and financial strength of the company, reinforcing its dedication to providing value to its shareholders.
Payment and Record Dates
The newly declared dividend is scheduled to be payable on a future date. Shareholders of record as of a specified date will be eligible to receive this cash dividend. This approach ensures that shareholders benefit from the financial success achieved by the company.
About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. operates as the bank holding company for Katahdin Trust Company. Established in 1918, Katahdin Trust has a long history of serving communities with a solid foundation built on customer satisfaction and trust. The bank boasts 16 locations and manages assets exceeding $1.08 billion, positioning it as a substantial player in the region’s banking sector.
Community Engagement and Growth
With its commitment to community banking, Katahdin Trust plays an essential role in facilitating financial solutions for individuals and businesses alike. The growth of its asset base signifies its effective strategies, as well as its ability to adapt to changing market conditions.
Future Prospects
Katahdin Bankshares Corp. is poised for continued growth, as it remains focused on enhancing shareholder value and expanding its services. By prioritizing customer relationships and community involvement, the company aims to strengthen its position within the banking industry and increase profitability for its shareholders.
Frequently Asked Questions
What is the dividend amount declared by Katahdin Bankshares Corp.?
Katahdin Bankshares Corp. has declared a cash dividend of $0.2025 per share for the third quarter.
When will the dividend be payable?
The dividend will be payable on a date to be announced, with shareholders of record eligible to receive it by a specified date.
How much has the dividend increased compared to last year?
This year, the dividend has increased by 15.7% over the third-quarter dividend from the previous year.
What is the history of Katahdin Trust Company?
Katahdin Trust Company was founded in 1918 and has since grown to have 16 locations and over $1.08 billion in assets.
Where can I find more information about Katahdin Bankshares?
Additional information about Katahdin Bankshares Corp. can typically be found on their official website and through their social media channels.
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