Katahdin Bankshares Corp. Announces Quarterly Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN) announces a 10.1% increase in cash dividend for Q4 2023, declaring $0.152 per share payable on December 22, 2023, to shareholders of record as of December 15, 2023.

HOULTON, Maine, Nov. 15, 2023 /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 $0.152 per share for the fourth quarter of 2023.

In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 10.1% increase over last year's fourth-quarter dividend. The dividend will be payable on December 22, 2023, to shareholders of record as of December 15, 2023.

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 16 locations and more than $1 billion in assets. 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, X (formerly Twitter), LinkedIn, and Instagram.

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SOURCE Katahdin Bankshares Corp.

FAQ

What is the cash dividend declared by Katahdin Bankshares Corp. for Q4 2023?

Katahdin Bankshares Corp. has declared a cash dividend of $0.152 per share for the fourth quarter of 2023.

When will the dividend be payable?

The dividend will be payable on December 22, 2023.

Who is eligible to receive the dividend?

The dividend will be payable to shareholders of record as of December 15, 2023.

What percentage increase does the dividend represent compared to last year's fourth-quarter dividend?

The dividend represents a 10.1% increase over last year's fourth-quarter dividend.