Katahdin Bankshares Corp. Announces Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN), based in Houlton, Maine, has declared a cash dividend of $0.1185 per share for Q3 2020, marking a 5.33% increase from the previous year. This dividend will be payable on September 22, 2020 to shareholders on record as of September 15, 2020. The company is recognized for its community banking services, operating since 1918, with a strong presence in northern Maine and the greater Bangor and Portland areas.

Positive

• Dividend increased by 5.33% to $0.1185 per share, indicating financial growth for shareholders.
• Strong community bank presence with nearly 180 employees and 16 locations.

Negative

• None.

HOULTON, Maine, Aug. 26, 2020 /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 $0.1185 per share for the third quarter of 2020. 

In making the announcement Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 5.33% increase over last year's third quarter dividend. The dividend will be payable on September 22, 2020 to shareholders of record as of September 15, 2020.   

About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company, a community bank founded in 1918 and based in Houlton, Maine. Katahdin Trust, named one of the 2018 and 2019 Best Places to Work in Maine, has nearly 180 employees and sixteen banking offices that serve Aroostook, Penobscot, and Cumberland counties. Katahdin Bankshares Corp. common stock is quoted on the OTCQX market under the symbol KTHN and was named to the 2020 OTCQX Best 50, a ranking of top performing companies traded on the OTCQX Best Market. To learn more about the Company and its subsidiary bank, visit KatahdinTrust.com or 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 Q3 2020?

Katahdin Bankshares Corp. has declared a cash dividend of $0.1185 per share for Q3 2020.

When is the dividend payable for KTHN?

The dividend for KTHN is payable on September 22, 2020.

What is the record date for the KTHN dividend?

The record date for the KTHN dividend is September 15, 2020.

How much did the dividend increase for KTHN compared to last year?

The dividend for KTHN increased by 5.33% compared to last year's third quarter.