Shore Bancshares (SHBI) Declares $0.05 Quarterly Dividend; 1.2% Yield

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Shore Bancshares, Inc. Reports Quarterly Dividend of $0.05 Per Share

February 8, 2017 4:37 PM EST

EASTON, Md., Feb. 8, 2017 /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 February 28, 2017 to stockholders of record on February 19, 2017.      

"We are pleased to announce the continuation of our quarterly cash dividend of $0.05 per share," said Lloyd L. "Scott" Beatty, Jr., President and Chief Executive Officer.  "2016 was a very successful year for the Company and we remain committed to our strategy for growth and continued improvement. This dividend will result in a payout ratio for 2016 of 18.4%, which compared to 2015... More