The First Bancorp Declares Fourth Quarter Dividend

Rhea-AI Summary

The First Bancorp (NASDAQ: FNLC) has declared a quarterly cash dividend of 36 cents per share for the fourth quarter, payable January 16, 2025, to shareholders of record as of January 6, 2025. Based on the closing price of $26.57 per share on December 18, 2024, the annualized dividend of $1.44 represents a yield of 5.42%.

First National Bank, founded in 1864, serves Mid-Coast and Down East Maine through eighteen offices across six counties, offering consumer and commercial banking products. Its wealth management division provides investment management and trust services from five locations.

Positive

• Maintained quarterly dividend of $0.36 per share
• Attractive dividend yield of 5.42%
• Strong regional presence with 18 banking offices

Negative

• None.

DAMARISCOTTA, Maine--(BUSINESS WIRE)-- The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 36 cents per share. This fourth quarter dividend is payable January 16, 2025 to shareholders of record as of January 6, 2025.

"As we approach 2024 year-end, I am pleased to announce a dividend of 36 cents per share for the fourth quarter," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend continues to be an important contributor to the value we offer our shareholders. Based on a closing price of $26.57 per share on December 18, 2024, the annualized dividend of $1.44 per share represents an attractive yield of 5.42%."

The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for First National Bank. Founded in 1864, the Bank serves Mid-Coast and Down East Maine with eighteen offices in Lincoln, Knox, Hancock, Penobscot, Waldo and Washington Counties. The Bank provides a full range of consumer and commercial banking products and services. First National Wealth Management, a division of First National Bank, provides investment management and trust services from five offices in Lincoln, Knox, Penobscot and Hancock Counties.

Forward-looking and cautionary statements: except for the historical information and discussions contained herein, statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially, as discussed in the Company's filings with the Securities and Exchange Commission.

Category: Dividends

View source version on businesswire.com: https://www.businesswire.com/news/home/20241219432457/en/

The First Bancorp

Richard M. Elder, EVP, Chief Financial Officer

207-563-3195

rick.elder@thefirst.com

Source: The First Bancorp

FAQ

What is The First Bancorp's (FNLC) Q4 2024 dividend amount?

The First Bancorp's Q4 2024 dividend is $0.36 per share.

When is FNLC's Q4 2024 dividend payable?

The dividend is payable on January 16, 2025, to shareholders of record as of January 6, 2025.

What is FNLC's current dividend yield based on December 18, 2024 share price?

Based on the closing price of $26.57, FNLC's annualized dividend of $1.44 represents a yield of 5.42%.

How many branch locations does First National Bank operate?

First National Bank operates 18 offices across six Maine counties: Lincoln, Knox, Hancock, Penobscot, Waldo and Washington.

What is FNLC's annual dividend rate for 2024?

FNLC's annualized dividend rate is $1.44 per share ($0.36 quarterly).