Bar Harbor Bankshares Declares 9% Increase to Quarterly Cash Dividend

Rhea-AI Summary

Bar Harbor Bankshares (BHB) announced a 9% increase in its quarterly cash dividend, raising it by $0.02 to $0.24 per share. The dividend is set for shareholders of record by May 18, 2021, with a payment date of June 18, 2021. This increase reflects a 3.26% annualized yield based on a closing stock price of $29.42 at the end of Q1 2021. Bar Harbor Bank & Trust, the company's wholly-owned subsidiary, has been serving Northern New England since 1887.

Positive

• Quarterly cash dividend increased by $0.02 to $0.24 per share.
• Reflects a strong annualized yield of 3.26%.
• Demonstrates confidence in continued financial health.

Negative

• None.

BAR HARBOR, ME / ACCESSWIRE / April 22, 2021 / Bar Harbor Bankshares (NYSE American: BHB or the "Company"), announced that its Board of Directors voted at its April 20, 2021 meeting, to increase the quarterly cash dividend by $0.02 per share, or 9%, to $0.24 per share, and declared a dividend of $0.24 to shareholders of record at the close of business May 18, 2021, payable on June 18, 2021. The dividend equates to a 3.26% annualized yield based on a $29.42 closing price of the Company's common stock at the end of the first quarter 2021.

Bar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving the financial needs of its clients for over 130 years. Bar Harbor provides full service community banking with office locations in all three Northern New England states of Maine, New Hampshire, and Vermont. For more information, visit www.barharbor.bank.

CONTACT:
Bar Harbor Bankshares
Josephine Iannelli
EVP, Chief Financial Officer & Treasurer
(207) 288-3314

SOURCE: Bar Harbor Bank and Trust

View source version on accesswire.com:
https://www.accesswire.com/641879/Bar-Harbor-Bankshares-Declares-9-Increase-to-Quarterly-Cash-Dividend

FAQ

What is Bar Harbor Bankshares' upcoming dividend payment date?

The upcoming dividend payment date is June 18, 2021.

How much is the dividend per share for BHB?

The dividend per share for Bar Harbor Bankshares (BHB) is $0.24.

What is the percentage increase of Bar Harbor Bankshares' dividend?

The dividend was increased by 9%.

What is the annualized yield based on the recent dividend increase?

The annualized yield is 3.26% based on a closing stock price of $29.42.