Shore Bancshares (SHBI) Declares $0.03 Quarterly Dividend; 1% Yield

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Shore Bancshares, Inc. Reports Quarterly Dividend of $0.03 Per Share

August 3, 2016 4:35 PM EDT

EASTON, Md., Aug. 3, 2016 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI)  announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.03 per share, payable August 31, 2016 to stockholders of record on August 15, 2016.

"We are pleased to announce the continuation of our quarterly cash dividend of $0.03 per share," said Lloyd L. "Scott" Beatty, Jr., president and chief executive officer.  "We remain dedicated to improving our Company's value through growth and profitability, as well as other strategic initiatives to improve total return to shareholders." 

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