Katahdin Bankshares Declares Significant Quarterly Dividend
Katahdin Bankshares Corp. Quarterly Dividend Announcement
Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, has recently declared a cash dividend for its shareholders. The announced dividend stands at $0.2025 per share for the first quarter of the year. Notably, this reflects a substantial 15.7% increase compared to the same period last year, highlighting the company’s commitment to returning value to its shareholders.
Details of the Dividend
The dividend, amounting to $0.2025 per share, is set to be paid on the 21st of March to those shareholders who are on record as of March 14. This dividend distribution is a testament to the strength of Katahdin Bankshares Corp. amidst a dynamic financial environment.
Significance of the Increase
The 15.7% rise in the dividend is indeed a remarkable achievement. It not only indicates the solid financial performance of the company but also its ongoing efforts to enhance shareholder value. Maintaining an upward trajectory in dividend payouts showcases confidence in future growth prospects.
Company Overview
Katahdin Bankshares Corp. has been a significant player in the banking sector since its inception in 1918. As a community bank holding company, it oversees Katahdin Trust Company, which operates 16 branches and boasts assets exceeding $1.08 billion. The company remains committed to providing exceptional banking services to its community.
Growth and Community Engagement
With a rich history spanning over a century, Katahdin Bankshares has built a reputation for reliability and trust. By focusing on community engagement and customer satisfaction, it continues to strengthen its position in the banking landscape. The recent dividend declaration reflects not just profitability but also a dedication to supporting its shareholders and community.
Future Outlook
Looking ahead, Katahdin Bankshares Corp. remains focused on strategic growth while supporting its shareholders through consistent dividend payments. As it navigates the evolving financial landscape, the company is poised to adapt and thrive, ensuring continued benefits for its stakeholders.
Frequently Asked Questions
What is the amount of the declared dividend by Katahdin Bankshares Corp.?
The declared dividend is $0.2025 per share for the first quarter.
When will the dividend be payable?
The dividend will be payable on March 21 to shareholders of record as of March 14.
How much has the dividend increased compared to last year?
The dividend has increased by 15.7% compared to last year’s first-quarter dividend.
What does Katahdin Bankshares Corp. specialize in?
Katahdin Bankshares Corp. is a bank holding company that operates community banking services through Katahdin Trust Company.
When was Katahdin Trust Company founded?
Katahdin Trust Company was founded in 1918 and has been serving the community since then.
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