Katahdin Bankshares Corp. Announces Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.138 per share for Q2 2022, marking a 10.4% increase over the previous year. The dividend is payable on June 23, 2022, to shareholders of record as of June 16, 2022. The company, founded in 1918, operates 16 banking offices in northern Maine and has over $963 million in assets. Katahdin Bankshares Corp. continues to receive recognition, including being named one of the Best Places to Work in Maine for four consecutive years.

Positive

• Dividend increase of 10.4% compared to last year.
• Dividend amount of $0.138 per share is beneficial for shareholders.
• Company has over $963 million in assets, indicating financial stability.

Negative

• None.

HOULTON, Maine, May 25, 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 second 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 second quarter dividend. The dividend will be payable on June 23, 2022, to shareholders of record as of June 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 $963 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. 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 announced by Katahdin Bankshares Corp.?

Katahdin Bankshares Corp. announced a cash dividend of $0.138 per share.

When will the dividend be paid to shareholders for KTHN?

The dividend will be payable on June 23, 2022.

What was the percentage increase in the dividend for Q2 2022?

The dividend represents a 10.4% increase over the previous year's second quarter.

What is the record date for the dividend payment from KTHN?

The record date for the dividend payment is June 16, 2022.