First Bancorp (FNLC) Raises Quarterly Dividend 20.8% to $0.29; 4.1% Yield

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Go back to First Bancorp (FNLC) Raises Quarterly Dividend 20.8% to $0.29; 4.1% Yield

The First Bancorp Increases Dividend 21%

June 28, 2018 4:15 PM EDT

DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The Board of Directors of The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly dividend of 29 cents per share. This second-quarter dividend is up 5 cents, or 21%, from the 24 cents per share paid in each of the past four quarters. The second quarter dividend is payable July 31, 2018, to shareholders of record as of July 9, 2018. Based on the June 27, 2018 closing price of $28.85 per share, the annualized dividend of $1.16 per share translates into... More