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

August 3, 2017 4:16 PM EDT

EASTON, Md., Aug. 3, 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 August 31, 2017 to stockholders of record on August 14, 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. "The second quarter remained profitable despite additional acquisition costs relating to the three branches purchased from Northwest Bank.  We remain well positioned to capitalize on the earnings... More