First Bancorp (FNLC) Declares $.23 Quarterly Dividend; 2.9% Yield

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The First Bancorp Declares Regular Quarterly Dividend and Special Cash Dividend

December 22, 2016 4:15 PM EST

DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The Board of Directors of The First Bancorp (NASDAQ: FNLC), parent company of First National Bank, today declared a quarterly dividend of 23 cents per share. This fourth-quarter dividend is payable January 31, 2017, to shareholders of record as of January 6, 2017, and is equal to the 23 cents per share the Company paid in the past two quarters. Based on the December 21, 2016 closing price of $31.64 per share, the annualized dividend of 92 cents per share translates into a yield of 2.91%.

The Companys Board of Directors also declared... More