Shore Bancshares (SHBI) Declares $0.07 Quarterly Dividend; 1.5% Yield

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Shore Bancshares, Inc. Reports Quarterly Dividend of $0.07 Per Share

February 1, 2018 4:15 PM EST

EASTON, Md., Feb. 1, 2018 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.07 per share, payable February 28, 2018 to stockholders of record on February 15, 2018.      

"We are pleased to announce the continuation to our quarterly cash dividend of $0.07 per share." said Lloyd L. "Scott" Beatty, Jr., President and Chief Executive Officer.  "2017 was an exceptional year for the Company and we remain committed to our strategy for growth and enhancing shareholder value. This dividend will result in a payout ratio for 2017 of 27.0%, which compared to... More