Katahdin Bankshares Corp. Announces Quarterly Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, announced a cash dividend of $0.175 per share for Q2 2024. This represents a 15.1% increase over the previous year's Q2 dividend. The dividend is payable on June 21, 2024, to shareholders of record as of June 14, 2024. Katahdin Trust, founded in 1918, serves northern Maine and the greater Bangor and Portland regions.

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• Announced a 15.1% increase in the Q2 dividend compared to last year.
• Cash dividend of $0.175 per share will be distributed.
• Dividend payout date is scheduled for June 21, 2024.

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• None.

HOULTON, Maine, May 22, 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 second 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 second quarter dividend. The dividend will be payable on June 21, 2024, to shareholders of record as of June 14, 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 social media.

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SOURCE Katahdin Bankshares Corp.

FAQ

What dividend did Katahdin Bankshares Corp. (KTHN) announce for Q2 2024?

Katahdin Bankshares Corp. announced a cash dividend of $0.175 per share for Q2 2024.

By how much did Katahdin Bankshares Corp. (KTHN) increase its Q2 2024 dividend?

Katahdin Bankshares Corp. increased its Q2 2024 dividend by 15.1% compared to the previous year's Q2 dividend.

When is the dividend payable for Katahdin Bankshares Corp. (KTHN) Q2 2024?

The dividend is payable on June 21, 2024.

What is the record date for Katahdin Bankshares Corp. (KTHN) Q2 2024 dividend?

The record date for the Q2 2024 dividend is June 14, 2024.