Katahdin Bankshares Corp. Reports Impressive Dividend Growth
Katahdin Bankshares Corp. Declares Quarterly Cash Dividend
Katahdin Bankshares Corp. (OTCQX: KTHN) recently declared a cash dividend of $0.2025 per share for its second quarter. This announcement showcases the company's ongoing commitment to its shareholders.
Significant Increase in Dividend
The newly declared dividend reflects a notable increase of 15.7% compared to last year’s second-quarter dividend. This enhancement demonstrates Katahdin Bankshares Corp.'s robust performance and financial commitment to its stakeholders.
About Katahdin Bankshares Corp.
Katahdin Bankshares Corp., the parent company of Katahdin Trust Company, has deep roots in the community banking sector. Established in 1918, Katahdin Trust operates 16 locations and holds over $1.08 billion in assets. As a trusted financial institution, it continues to serve its customers with excellence, focusing on growth and community engagement.
Financial Stability and Community Engagement
Katahdin Trust Company is well-regarded for its financial stability and involvement in community activities. By prioritizing customer relationships and community support, the bank has successfully built a loyal customer base while promoting local development.
Future Prospects
Looking ahead, Katahdin Bankshares Corp. remains positioned for continued growth. With a strong capital base and a commitment to customer service, the company is set to explore further opportunities for expansion and enhancing shareholder value.
Contact Information
For more details about Katahdin Bankshares Corp. and its subsidiary, Katahdin Trust Company, individuals are encouraged to explore their official website and follow their journey on various social media platforms. Engaging with the community remains a core part of their mission.
Frequently Asked Questions
What is the amount of the latest declared dividend?
Katahdin Bankshares Corp. has declared a cash dividend of $0.2025 per share for the second quarter.
How does the latest dividend compare to last year?
This dividend represents a 15.7% increase compared to the dividend declared in the same quarter last year.
When will the dividend be paid to shareholders?
The dividend will be payable on June 20, to shareholders of record as of June 13.
What is the history of Katahdin Bankshares Corp.?
Katahdin Bankshares Corp. was founded in 1918 and operates through its subsidiary, Katahdin Trust Company.
Where can I find more information about Katahdin Bankshares Corp.?
More information can be found on the official Katahdin Trust Company website and their social media channels.
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