Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
Shore Bancshares, Inc. (NASDAQ - SHBI) has declared a quarterly dividend of $0.12 per share, payable on August 31, 2021, to stockholders of record as of August 14, 2021. The company reported solid earnings and healthy loan and deposit growth in the second quarter of 2021, alongside a strong capital position. President Lloyd L. 'Scott' Beatty, Jr. emphasized the commitment to growth and enhancing shareholder value. Shore Bancshares is the largest independent bank holding company on Maryland's Eastern Shore, operating Shore United Bank and Wye Financial Partners.
- Quarterly dividend of $0.12 per share indicates a commitment to returning value to shareholders.
- Reported solid earnings and healthy loan and deposit growth in Q2 2021.
- Strong capital position supports future growth.
- None.
EASTON, Md., Aug. 4, 2021 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of
"We are pleased to announce the continuation of our quarterly cash dividend of
Shore Bancshares Information
Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the largest independent bank holding company located on Maryland's Eastern Shore. It is the parent company of Shore United Bank. Shore Bancshares engages in trust and wealth management services through Wye Financial Partners, a division of Shore United Bank.
Additional information is available at www.shorebancshares.com.
Forward-Looking Statements
The statements contained herein that are not historical facts are forward-looking statements (as defined by the Private Securities Litigation Reform Act of 1995) based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company. There can be no assurance that future developments affecting the Company will be the same as those anticipated by management. These statements are evidenced by terms such as "anticipate," "estimate," "should," "expect," "believe," "intend," and similar expressions. Although these statements reflect management's good faith beliefs and projections, they are not guarantees of future performance and they may not prove true. These projections involve risk and uncertainties that could cause actual results to differ materially from those addressed in the forward-looking statements. For a discussion of these risks and uncertainties, see the section of the periodic reports filed by Shore Bancshares, Inc. with the Securities and Exchange Commission entitled "Risk Factors".
View original content to download multimedia:https://www.prnewswire.com/news-releases/shore-bancshares-inc-reports-quarterly-dividend-of-0-12-per-share-301348631.html
SOURCE Shore Bancshares, Inc.
FAQ
What is the dividend amount declared by Shore Bancshares (SHBI)?
When is the dividend payable for Shore Bancshares (SHBI)?
When is the record date for the dividend of Shore Bancshares (SHBI)?
What financial results did Shore Bancshares (SHBI) report?
Is Shore Bancshares (SHBI) in a strong capital position?
