Katahdin Bankshares Corp. Announces Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (KTHN) announced a cash dividend of $0.125 per share for Q4 2021, marking a 5.5% increase from the previous year. This dividend will be paid on December 23, 2021, to shareholders of record by December 16, 2021. Katahdin Trust, a community bank established in 1918, has over $945 million in assets and operates 16 banking offices in Maine. The bank was recognized as one of the Best Places to Work in Maine and ranked among the Top 200 Community Banks by American Banker.

Positive

• Dividend increase of 5.5% from last year.
• Cash dividend amounting to $0.125 per share.
• Company's strong asset base of over $945 million.
• Recognition as one of the Top 200 Community Banks in the U.S.

Negative

• None.

HOULTON, Maine, Nov. 17, 2021 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announced that it has declared a cash dividend of $0.125 per share for the fourth quarter of 2021.

In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 5.5% increase over last year's fourth quarter dividend. The dividend will be payable on December 23, 2021 to shareholders of record as of December 16, 2021.

About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in Houlton, Maine with more than $945 million in assets and 16 banking offices that serve Aroostook, Penobscot, and Cumberland counties. The Bank has nearly 180 employees and, in 2021, was named one of the Best Places to Work in Maine for the fourth year in a row and recognized the past two years as one of the Top 200 Community Banks in the country by American Banker magazine. Katahdin Bankshares Corp. common stock is quoted on the OTC Markets (OTCQX) under the symbol KTHN. Learn more about the Company and its subsidiary bank at www.katahdintrust.com and follow Katahdin Trust on Facebook, Twitter, LinkedIn, and Instagram.

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SOURCE Katahdin Bankshares Corp.

FAQ

What is the dividend amount declared by Katahdin Bankshares Corp. for Q4 2021?

Katahdin Bankshares Corp. declared a dividend of $0.125 per share for Q4 2021.

When is the dividend payable for KTHN shareholders?

The dividend will be payable on December 23, 2021.

What was the percentage increase of the dividend from last year?

The dividend represents a 5.5% increase from the previous year's fourth quarter.

What is the record date for KTHN's dividend?

The record date for the dividend is December 16, 2021.