Northeast Bancorp (NBN) Declares $0.01 Quarterly Dividend; 0.2% Yield
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Northeast Bank Reports First Quarter Results and Declares Dividend
October 29, 2020 4:15 PM EDTPORTLAND, Maine, Oct. 29, 2020 (GLOBE NEWSWIRE) -- Northeast Bank (the Bank) (NASDAQ: NBN), a Maine-based full-service bank, today reported net income of $7.8 million, or $0.94 per diluted common share, for the quarter ended September 30, 2020, compared to net income of $4.8 million, or $0.52 per diluted common share, for the quarter ended September 30, 2019.
The Board of Directors declared a cash dividend of $0.01 per share, payable on November 24, 2020, to shareholders of record as of November 10, 2020.
Discussing results, Rick Wayne, Chief Executive Officer, said, We began the new fiscal year with a very strong first quarter. We earned $0.94 per... More
