Shore Bancshares (SHBI) Declares $0.05 Quarterly Dividend; 1.6% Yield
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Shore Bancshares, Inc. Reports Quarterly Dividend of $0.05 Per Share
November 3, 2016 4:15 PM EDTEASTON, Md., Nov. 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 $0.05 per share, payable November 30, 2016 to stockholders of record on November 14, 2016.    Â
"We are pleased to announce the payment of our quarterly cash dividend and an increase to $0.05 per share," said Lloyd L. "Scott" Beatty, Jr., president and chief executive officer. "Our strong third quarter results are consistent with steady improvement. We are keenly focused on continuing this trend and sharing our success with our shareholders."Â
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