Bar Harbor Bankshares Declares Quarterly Cash Dividend

Rhea-AI Summary

Bar Harbor Bankshares (BHB) declared a quarterly cash dividend of $0.22 per share at its Board meeting on January 19, 2021. The dividend is for shareholders of record as of February 18, 2021, and will be payable on March 18, 2021. This represents an annualized yield of 3.90%, calculated from the closing stock price of $22.59 on December 31, 2020. The company emphasizes its commitment to serving clients in Northern New England for over 130 years.

Positive

• Quarterly cash dividend of $0.22 per share enhances shareholder returns.
• 3.90% annualized yield indicates strong shareholder value.

Negative

• None.

BAR HARBOR, ME / ACCESSWIRE / January 21, 2021 / Bar Harbor Bankshares (NYSE American: BHB or the "Company"), announced that its Board of Directors declared at its January 19, 2021 meeting, a quarterly cash dividend of $0.22 per share of common stock to shareholders of record at the close of business on February 18, 2021, payable on March 18, 2021. This dividend equates to a 3.90% annualized yield based on the $22.59 closing price of the Company's common stock on December 31, 2020.

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/625364/Bar-Harbor-Bankshares-Declares-Quarterly-Cash-Dividend

FAQ

What is the dividend amount declared by Bar Harbor Bankshares (BHB)?

Bar Harbor Bankshares declared a quarterly cash dividend of $0.22 per share.

When will the dividend for BHB be paid?

The dividend will be payable on March 18, 2021.

What is the dividend record date for Bar Harbor Bankshares?

The record date for the dividend is February 18, 2021.

What is the annualized yield of the dividend for BHB?

The annualized yield is 3.90%, based on a closing stock price of $22.59.