Enterprise Bancorp, Inc. Announces Quarterly Dividend

Rhea-AI Summary

Enterprise Bancorp, Inc. declares a quarterly dividend of $0.23 per share, representing a 12.2% increase over the previous year. The dividend will be paid on September 1, 2023, to shareholders of record as of August 11, 2023.

LOWELL, Mass., July 18, 2023 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC)

On July 18, 2023, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.23 per share to be paid on September 1, 2023, to shareholders of record as of August 11, 2023. The 2023 dividend rate represents a 12.2% increase over the 2022 dividend rate.

Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank. Enterprise Bank is principally engaged in the business of attracting deposits from the general public and investing in commercial loans and investment securities. Through Enterprise Bank and its subsidiaries, the Company offers a range of commercial, residential and consumer loan products, deposit products and cash management services, electronic and digital banking options, as well as wealth management, and trust services. The Company's headquarters and Enterprise Bank's main office are located at 222 Merrimack Street in Lowell, Massachusetts. The Company's primary market area is the Northern Middlesex, Northern Essex, and Northern Worcester counties of Massachusetts and the Southern Hillsborough and Southern Rockingham counties in New Hampshire. Enterprise Bank has 27 full-service branches located in the Massachusetts communities of Acton, Andover, Billerica (2), Chelmsford (2), Dracut, Fitchburg, Lawrence, Leominster, Lexington, Lowell (2), Methuen, North Andover, Tewksbury (2), Tyngsborough and Westford and in the New Hampshire communities of Derry, Hudson, Londonderry, Nashua (2), Pelham, Salem and Windham.

Contact Info: Joseph R. Lussier, Executive Vice President, Chief Financial Officer and Treasurer (978) 656-5578

 

FAQ

What is the dividend rate declared by Enterprise Bancorp, Inc.?

The dividend rate declared by Enterprise Bancorp, Inc. is $0.23 per share.

When will the dividend be paid?

The dividend will be paid on September 1, 2023.

Who is eligible to receive the dividend?

Shareholders of record as of August 11, 2023, are eligible to receive the dividend.

What is the percentage increase in the dividend rate compared to the previous year?

The dividend rate represents a 12.2% increase over the previous year.

What does Enterprise Bancorp, Inc. do?

Enterprise Bancorp, Inc. conducts its operations through Enterprise Bank and Trust Company, offering a range of commercial, residential, and consumer loan products, deposit products, cash management services, electronic and digital banking options, as well as wealth management and trust services.

Where is the headquarters of Enterprise Bancorp, Inc. located?

The headquarters of Enterprise Bancorp, Inc. and Enterprise Bank's main office are located at 222 Merrimack Street in Lowell, Massachusetts.

What is the primary market area of Enterprise Bancorp, Inc.?

The primary market area of Enterprise Bancorp, Inc. includes the Northern Middlesex, Northern Essex, and Northern Worcester counties of Massachusetts, and the Southern Hillsborough and Southern Rockingham counties in New Hampshire.

How many branches does Enterprise Bank have?

Enterprise Bank has 27 full-service branches located in various Massachusetts and New Hampshire communities.

Who can be contacted for more information?

Joseph R. Lussier, Executive Vice President, Chief Financial Officer, and Treasurer can be contacted at (978) 656-5578.