Katahdin Bankshares Corp. Announces Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, has declared a cash dividend of $0.152 per share for Q1 2023, reflecting a 10.1% increase compared to last year. The dividend is payable on March 24, 2023, to shareholders of record as of March 17, 2023. Katahdin Trust, founded in 1918, operates with $983.5 million in assets and serves northern Maine, including Bangor and Portland.

Positive

• Declared a cash dividend of $0.152 per share, a 10.1% increase from the previous year
• Demonstrates company confidence and commitment to returning value to shareholders

Negative

• None.

HOULTON, Maine, Feb. 22, 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 first 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 first quarter dividend. The dividend will be payable on March 24, 2023, to shareholders of record as of March 17, 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 $983.5 million 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, Twitter, LinkedIn, and Instagram.

View original content:https://www.prnewswire.com/news-releases/katahdin-bankshares-corp-announces-dividend-301753569.html

SOURCE Katahdin Bankshares Corp.

FAQ

What is the dividend amount for KTHN in 2023?

The dividend amount for KTHN in 2023 is $0.152 per share.

When is the KTHN dividend payable?

The KTHN dividend will be payable on March 24, 2023.

What is the record date for KTHN dividend?

The record date for the KTHN dividend is March 17, 2023.

How much has KTHN's dividend increased from last year?

KTHN's dividend has increased by 10.1% compared to last year.

Is the KTHN dividend sustainable?

While the press release does not provide specific sustainability details, the increase in dividend suggests confidence in the company's financial stability.