Katahdin Bankshares Corp. Announces Quarterly Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (KTHN) declares a cash dividend of $0.175 per share for the first quarter of 2024, marking a 15.1% increase over the previous year. The dividend will be payable on March 22, 2024, to shareholders of record as of March 15, 2024.

HOULTON, Maine, Feb. 21, 2024 /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 $0.175 per share for the first quarter of 2024.

In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 15.1% increase over last year's first quarter dividend. The dividend will be payable on March 22, 2024, to shareholders of record as of March 15, 2024.

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.

View original content:https://www.prnewswire.com/news-releases/katahdin-bankshares-corp-announces-quarterly-dividend-302067987.html

SOURCE Katahdin Bankshares Corp.

FAQ

What dividend has Katahdin Bankshares Corp. (KTHN) declared for the first quarter of 2024?

Katahdin Bankshares Corp. (KTHN) has declared a cash dividend of $0.175 per share for the first quarter of 2024.

What is the percentage increase in the first quarter dividend compared to the previous year for Katahdin Bankshares Corp. (KTHN)?

The first quarter dividend for Katahdin Bankshares Corp. (KTHN) has seen a 15.1% increase over last year.

When will the dividend declared by Katahdin Bankshares Corp. (KTHN) be payable?

The dividend declared by Katahdin Bankshares Corp. (KTHN) will be payable on March 22, 2024.

Who is the President & CEO of Katahdin Bankshares Corp. (KTHN)?

Jon J. Prescott is the President & CEO of Katahdin Bankshares Corp. (KTHN).