Bar Harbor Bankshares (BHB) Raises Quarterly Dividend 10% to $0.22; 3.3% Yield

Bar Harbor Bankshares (NYSE: BHB) declared a quarterly dividend of $0.22 per share, or $0.88 annualized. This is a 10% increase from the prior dividend of $0.20.

The dividend will be payable on June 14, 2019, to stockholders of record on May 14, 2019, with an ex-dividend date of May 13, 2019.

The annual yield on the dividend is 3.3 percent.

President and Chief Executive Officer, Curtis C. Simard stated, “With our strong capital position and consistent organic growth in equity, we are excited to announce an increase in our quarterly cash dividend by 10%. The new dividend yield along with continuous double digit growth in book value per share and the previously announced 5% share buyback program is continued proof of our commitment to building shareholder value.”

Mr. Simard concluded, “As we look to the rest of 2019, we are focused on our customers and sales culture that is being driven at every level of leadership. It’s a sales culture with an eye towards repeatable performance and thoughtful solutions to the challenges our customers and prospects face. We have a team who greatly believes in itself and this Company, which ultimately drives shareholder value.”

For a dividend history and other dividend-related data on Bar Harbor Bankshares (BHB) click here.

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