blueharbor bank Announces Cash Dividend

Rhea-AI Summary

blueharbor bank (OTCQX: BLHK) announced a special dividend of $0.20 per share, payable on July 5, 2024, to shareholders of record as of June 27, 2024. President and CEO Jim Marshall highlighted the bank's strong capital and earnings as key factors enabling this dividend. He also hinted at the possibility of future special dividends.

Positive

• Special dividend of $0.20 per share declared.
• Dividend payable date: July 5, 2024.
• Record date for eligibility: June 27, 2024.
• Positive remarks from CEO about strong capital and earnings.
• Potential for additional special dividends in the future.

Negative

• No specific financial data provided to support claims of strong capital and earnings.
• Dividend announcement might not indicate long-term financial health.
• Future special dividends are not guaranteed.

MOORESVILLE, N.C., June 17, 2024 /PRNewswire/ -- blueharbor bank (OTCQX-BLHK) announced today that its Board of Directors has declared a special dividend of $.20 per share payable on July 5, 2024, to holders of record of its common stock on June 27, 2024.  Jim Marshall, President and Chief Executive Officer of the Bank, commented that "we are pleased that our strong capital and earnings provide the Bank with this opportunity to enhance the value of our shareholders' investments.  Although no decisions have been made, our Board may consider additional special dividends in the future."

Forward-Looking Statement:
This press release contains forward-looking statements. Words such as "anticipates," "believes," "estimates," "expects," "intends," "should," "will," variations of such words and similar expressions are intended to identify forward-looking statements. These statements reflect management's current beliefs as to the expected outcomes of future events and are not guarantees of future performance. These statements involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. As such, actual results and outcomes may materially differ from what may be expressed or forecast in such forward-looking statements. Factors that could cause a difference include, among others: changes in the national and local economies or market conditions; changes in interest rates, deposit levels, loan demand and asset quality, including real estate and other collateral values; changes in banking regulations and accounting principles, policies or guidelines; and the impact of competition from traditional or new sources. These and other factors that may emerge could cause decisions and actual results to differ materially from current expectations. blueharbor bank takes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this press release.

View original content:https://www.prnewswire.com/news-releases/blueharbor-bank-announces-cash-dividend-302174263.html

SOURCE blueharbor bank

FAQ

What is the dividend amount announced by blueharbor bank?

blueharbor bank announced a special dividend of $0.20 per share.

When is the dividend payable date for blueharbor bank (BLHK)?

The dividend is payable on July 5, 2024.

What is the record date for blueharbor bank's (BLHK) special dividend?

The record date for the special dividend is June 27, 2024.

What did the CEO of blueharbor bank say about the dividend?

The CEO highlighted strong capital and earnings as reasons for the dividend and mentioned the possibility of future special dividends.

Is blueharbor bank (BLHK) planning additional special dividends?

While no decisions have been made, the board may consider future special dividends.