Katahdin Bankshares Corp. Announces Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.138 per share for Q4 2022, marking a 10.4% increase from the previous year. The dividend is payable on December 23, 2022, to shareholders of record as of December 16, 2022. Established in 1918, Katahdin Trust Company serves northern Maine and has assets exceeding $966 million and 16 locations. The bank was recognized as one of the Best Places to Work in Maine and ranked among the Top 200 Community Banks in the nation by American Banker magazine.

Positive

• 10.4% increase in dividend reflects strong performance.
• Stable asset base with over $966 million.
• Recognition as a top workplace enhances company reputation.

Negative

• None.

HOULTON, Maine, Nov. 16, 2022 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), the 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 $0.138 per share for the fourth quarter of 2022.

In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 10.4% increase over last year's fourth quarter dividend. The dividend will be payable on December 23, 2022, to shareholders of record as of December 16, 2022.

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 $966 million in assets and 16 banking offices that serve Aroostook, Penobscot, and Cumberland counties. The Bank has nearly 180 employees and, in 2022, was named one of the Best Places to Work in Maine for the fifth year in a row and recognized the past three 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 2022?

The declared dividend amount is $0.138 per share.

When will the dividend be paid to shareholders of KTHN?

The dividend will be payable on December 23, 2022.

What was the percentage increase in the dividend compared to last year?

The dividend increased by 10.4% compared to the fourth quarter of last year.

What is the record date for the KTHN dividend?

The record date for the dividend is December 16, 2022.