Enterprise Bancorp, Inc. Announces Quarterly Dividend
Enterprise Bancorp, Inc. (NASDAQ:EBTC) declared a quarterly dividend of $0.205 per share on April 19, 2022. This dividend, representing a 10.8% increase over the previous year, will be paid on June 1, 2022, to shareholders of record by May 11, 2022. The company operates through Enterprise Bank and Trust Company and provides various banking services including commercial loans and wealth management. Additionally, a new branch is set to open in Londonderry, New Hampshire, in May 2022.
- Quarterly dividend increased by 10.8% to $0.205 per share, enhancing shareholder income.
- A new branch office in Londonderry, New Hampshire, is expected to strengthen market presence.
- None.
LOWELL, Mass., April 19, 2022 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC)
On April 19, 2022, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of
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, and commercial insurance services, 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 26 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, Nashua (2), Pelham, Salem and Windham. The Company is in the process of constructing a branch office in Londonderry, New Hampshire and anticipates that this location will open in May of 2022.
Contact Info: Joseph R. Lussier, Executive Vice President, Chief Financial Officer and Treasurer (978) 656-5578
FAQ
What is the dividend amount declared by EBTC?
When will the dividend for EBTC be paid?
What is the record date for EBTC's dividend?
How much has EBTC's dividend increased compared to last year?
