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The First Bancorp Declares Third Quarter Dividend

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The First Bancorp (NASDAQ: FNLC), parent company of First National Bank, has declared a quarterly cash dividend of 36 cents per share for the third quarter. The dividend is payable on October 18, 2024 to shareholders of record as of October 8, 2024. President & CEO Tony C. McKim emphasized the importance of the quarterly dividend as a component of shareholder value. Based on the closing price of $26.03 per share on September 25, 2024, the annualized dividend of $1.44 per share represents a yield of 5.53%.

The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for First National Bank, which serves Mid-Coast and Down East Maine with eighteen offices across six counties. The bank offers consumer and commercial banking products and services, while its division, First National Wealth Management, provides investment management and trust services from five offices.

The First Bancorp (NASDAQ: FNLC), la società madre di First National Bank, ha dichiarato un dividendo in contante trimestrale di 36 centesimi per azione per il terzo trimestre. Il dividendo sarà pagato il 18 ottobre 2024 agli azionisti registrati al 8 ottobre 2024. Il Presidente e CEO Tony C. McKim ha sottolineato l'importanza del dividendo trimestrale come componente del valore per gli azionisti. Sulla base del prezzo di chiusura di $26,03 per azione del 25 settembre 2024, il dividendo annualizzato di $1,44 per azione rappresenta un rendimento del 5,53%.

The First Bancorp, con sede a Damariscotta, nel Maine, è la holding di First National Bank, che serve Mid-Coast e Down East nel Maine con diciotto filiali in sei contee. La banca offre prodotti e servizi bancari per consumatori e imprese, mentre la sua divisione, First National Wealth Management, fornisce servizi di gestione patrimoniale e fiduciaria da cinque uffici.

First Bancorp (NASDAQ: FNLC), la empresa matriz de First National Bank, ha declarado un dividendo en efectivo trimestral de 36 centavos por acción para el tercer trimestre. El dividendo será pagadero el 18 de octubre de 2024 a los accionistas registrados a partir del 8 de octubre de 2024. El Presidente y CEO Tony C. McKim enfatizó la importancia del dividendo trimestral como parte del valor para los accionistas. Basado en el precio de cierre de $26.03 por acción el 25 de septiembre de 2024, el dividendo anualizado de $1.44 por acción representa un rendimiento del 5.53%.

First Bancorp, con sede en Damariscotta, Maine, es la empresa matriz de First National Bank, que presta servicios en Mid-Coast y Down East Maine con dieciocho oficinas en seis condados. El banco ofrece productos y servicios bancarios tanto para consumidores como para empresas, mientras que su división, First National Wealth Management, proporciona gestión de inversiones y servicios fiduciarios desde cinco oficinas.

퍼스트 뱅코프(First Bancorp)(NASDAQ: FNLC), 퍼스트 내셔널 뱅크(First National Bank)의 모회사,은 주당 36센트의 분기 배당금을 선언했습니다. 배당금은 2024년 10월 18일2024년 10월 8일 기준의 주주에게 지급됩니다. 사장 겸 CEO인 토니 C. 맥킴(Tony C. McKim)은 분기 배당금이 주주 가치의 중요한 요소라고 강조했습니다. 2024년 9월 25일 기준 주당 종가 $26.03을 기준으로 하였을 때, 주당 $1.44의 연간 배당금은 5.53%의 수익률을 나타냅니다.

퍼스트 뱅코프는 메인주 다마리스코타(Damariscotta)에 본사를 두고 있으며, 6개 카운티에 18개의 사무소를 두고 미드코스트 및 다운 이스트 메인에서 서비스를 제공합니다. 이 은행은 개인 및 상업 은행 상품과 서비스를 제공하며, 그 분리된 부서인 퍼스트 내셔널 웰스 매니지먼트(First National Wealth Management)는 5개 사무소에서 투자 관리 및 신탁 서비스를 제공합니다.

The First Bancorp (NASDAQ: FNLC), la société mère de la First National Bank, a déclaré un dividende trimestriel en espèces de 36 cents par action pour le troisième trimestre. Le dividende sera versé le 18 octobre 2024 aux actionnaires enregistrés au 8 octobre 2024. Le Président et CEO Tony C. McKim a souligné l'importance du dividende trimestriel en tant que composante de la valeur pour les actionnaires. Sur la base du prix de clôture de 26,03 $ par action le 25 septembre 2024, le dividende annualisé de 1,44 $ par action représente un rendement de 5,53%.

The First Bancorp, dont le siège est à Damariscotta, dans le Maine, est la société holding de la First National Bank, qui sert la Mid-Coast et le Down East du Maine avec dix-huit bureaux dans six comtés. La banque propose des produits et services bancaires pour les particuliers et les entreprises, tandis que sa division, First National Wealth Management, fournit des services de gestion d'investissement et de fiducie à partir de cinq bureaux.

Die First Bancorp (NASDAQ: FNLC), die Muttergesellschaft der First National Bank, hat eine vierteljährliche Bardividende von 36 Cent pro Aktie für das dritte Quartal erklärt. Die Dividende wird am 18. Oktober 2024 an die Aktionäre ausgezahlt, die am 8. Oktober 2024 im Aktienregister stehen. Präsident und CEO Tony C. McKim betonte die Bedeutung der vierteljährlichen Dividende als Bestandteil des Wertes für die Aktionäre. Basierend auf dem Schlusskurs von $26,03 pro Aktie am 25. September 2024, entspricht die annualisierte Dividende von $1,44 pro Aktie einer Rendite von 5,53%.

Die First Bancorp hat ihren Hauptsitz in Damariscotta, Maine, und ist die Holdinggesellschaft der First National Bank, die Mid-Coast und Down East Maine mit achtzehn Filialen in sechs Landkreisen bedient. Die Bank bietet Produkte und Dienstleistungen für Privatpersonen und Unternehmen an, während ihre Abteilung, First National Wealth Management, in fünf Büros Vermögensverwaltung und Treuhanddienste anbietet.

Positive
  • Declared quarterly cash dividend of $0.36 per share
  • Annualized dividend yield of 5.53% based on recent share price
  • Consistent dividend payout demonstrates company confidence
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 third quarter dividend is payable October 18, 2024 to shareholders of record as of October 8, 2024.

"I'm pleased to announce a dividend of 36 cents per share for the third quarter," remarked President & Chief Executive Officer, Tony C. McKim. "The quarterly dividend remains an important component of the value we offer our shareholders. Based on a closing price of $26.03 per share on September 25, 2024, the annualized dividend of $1.44 per share represents an attractive yield of 5.53%."

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

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 dividend amount declared by The First Bancorp (FNLC) for Q3 2024?

The First Bancorp (FNLC) declared a quarterly cash dividend of 36 cents per share for the third quarter of 2024.

When is the dividend payable for The First Bancorp (FNLC) shareholders?

The dividend is payable on October 18, 2024 to shareholders of record as of October 8, 2024.

What is the annualized dividend yield for The First Bancorp (FNLC) based on recent share price?

Based on the closing price of $26.03 per share on September 25, 2024, the annualized dividend of $1.44 per share represents a yield of 5.53%.

How many offices does First National Bank, subsidiary of The First Bancorp (FNLC), operate?

First National Bank operates eighteen offices across six counties in Mid-Coast and Down East Maine.

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