Katahdin Bankshares Corp. Announces Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.138 per share for Q3 2022, marking a 10.4% increase from last year. This dividend will be payable on September 23, 2022 to shareholders on record as of September 16, 2022. The bank, established in 1918, manages assets exceeding $965 million and operates 16 branches in northern Maine and nearby regions. Recognized as one of the Best Places to Work in Maine for five consecutive years, Katahdin Bankshares aims to maintain strong community ties while ensuring shareholder returns.

Positive

• Declared a cash dividend of $0.138 per share for Q3 2022.
• 10.4% increase in dividend from previous year.
• Strong asset base exceeding $965 million.
• Named one of the Best Places to Work in Maine for five years.

Negative

• None.

HOULTON, Maine, Aug. 24, 2022 /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 $0.138 per share for the third quarter of 2022.

In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 10.4% increase over last year's third quarter dividend. The dividend will be payable on September 23, 2022, to shareholders of record as of September 16, 2022.

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 more than $965 million in assets and 16 banking offices that serve Aroostook, Penobscot, and Cumberland counties. The Bank has nearly 180 employees and, in 2022, was named one of the Best Places to Work in Maine for the fifth year in a row and recognized the past three years as one of the Top 200 Community Banks in the country by American Banker magazine. 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.

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SOURCE Katahdin Bankshares Corp.

FAQ

What is the dividend amount for Katahdin Bankshares Corp. in Q3 2022?

The dividend amount is $0.138 per share.

When will the dividend be paid to shareholders?

The dividend will be payable on September 23, 2022.

What was the percentage increase in the dividend compared to last year?

The dividend represents a 10.4% increase over last year.

What is the record date for shareholders to receive the dividend?

The record date is September 16, 2022.

How large are the assets of Katahdin Bankshares Corp.?

Katahdin Bankshares Corp. has assets exceeding $965 million.