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Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share

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Shore Bancshares (NASDAQ: SHBI) has declared a quarterly common stock dividend of $0.12 per share. The dividend will be paid on November 29, 2024, to stockholders of record as of November 12, 2024. The company, headquartered in Easton, Maryland, is the largest independent bank holding company on Maryland's Eastern Shore and operates through its subsidiary Shore United Bank, offering banking and wealth management services via Wye Financial Partners division.

Shore Bancshares (NASDAQ: SHBI) ha dichiarato un dividendo trimestrale sulle azioni ordinarie di $0,12 per azione. Il dividendo sarà pagato il 29 novembre 2024, agli azionisti registrati al 12 novembre 2024. L'azienda, con sede a Easton, Maryland, è la più grande indipendente holding bancaria sulla costa orientale del Maryland e opera attraverso la sua controllata Shore United Bank, offrendo servizi bancari e di gestione patrimoniale tramite la divisione Wye Financial Partners.

Shore Bancshares (NASDAQ: SHBI) ha declarado un dividendo trimestral de acciones ordinarias de $0.12 por acción. El dividendo se pagará el 29 de noviembre de 2024, a los accionistas registrados hasta el 12 de noviembre de 2024. La compañía, con sede en Easton, Maryland, es el mayor banco independiente holding en la costa oriental de Maryland y opera a través de su filial Shore United Bank, ofreciendo servicios bancarios y de gestión patrimonial a través de la división Wye Financial Partners.

Shore Bancshares (NASDAQ: SHBI)는 주당 $0.12의 분기 배당금을 선언했습니다. 이 배당금은 2024년 11월 29일에 지급되며, 2024년 11월 12일 기준 주주에게 지급됩니다. 메릴랜드주 이스턴에 본사를 둔 이 회사는 메릴랜드 동부 해안에서 가장 큰 독립 은행 지주회사이며, 자회사인 Shore United Bank를 통해 은행 서비스 및 자산 관리 서비스를 Wye Financial Partners 부서를 통해 제공합니다.

Shore Bancshares (NASDAQ: SHBI) a déclaré un dividende trimestriel sur les actions ordinaires de 0,12 $ par action. Ce dividende sera versé le 29 novembre 2024 aux actionnaires enregistrés au 12 novembre 2024. L'entreprise, dont le siège est à Easton, Maryland, est la plus grande société de holding bancaire indépendante sur la côte est du Maryland et opère par l'intermédiaire de sa filiale Shore United Bank, offrant des services bancaires et de gestion de patrimoine via la division Wye Financial Partners.

Shore Bancshares (NASDAQ: SHBI) hat eine vierteljährliche Dividende auf Stammaktien von 0,12 $ pro Aktie erklärt. Die Dividende wird am 29. November 2024 an die zum 12. November 2024 eingetragenen Aktionäre ausgezahlt. Das Unternehmen mit Sitz in Easton, Maryland, ist die größte unabhängige Bankholdinggesellschaft an der Ostküste von Maryland und operiert über ihre Tochtergesellschaft Shore United Bank, die Bank- und Vermögensverwaltungsdienste über die Abteilung Wye Financial Partners anbietet.

Positive
  • Maintains consistent dividend payment of $0.12 per share
  • Demonstrates financial stability through continued dividend distribution
Negative
  • None.

EASTON, Md., Oct. 30, 2024 /PRNewswire/ --Shore Bancshares, Inc. (NASDAQ: SHBI) announced that the Board of Directors has declared a quarterly common stock dividend in the amount of $0.12 per share, payable November 29, 2024 to stockholders of record on November 12, 2024.

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. While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: the effect of acquisitions we have made or may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions, and/or the failure to effectively integrate an acquisition target into our operations; recent adverse developments in the banking industry highlighted by high-profile bank failures and the potential impact of such developments on customer confidence, liquidity, and regulatory responses to these developments; changes in general economic, political, or industry conditions; geopolitical concerns, including the ongoing wars in Ukraine and the Middle East; uncertainty in U.S. fiscal and monetary policy, including the interest rate policies of the Board of Governors of the Federal Reserve System; inflation/deflation, interest rate, market, and monetary fluctuations; volatility and disruptions in global capital and credit markets; competitive pressures on product pricing and services; success, impact, and timing of our business strategies, including market acceptance of any new products or services; the impact of changes in financial services policies, laws, and regulations, including those concerning taxes, banking, securities, and insurance, and the application thereof by regulatory bodies; potential changes in federal policy and at regulatory agencies as a result of the upcoming 2024 presidential election; a deterioration of the credit rating for U.S. long-term sovereign debt, actions that the U.S. government may take to avoid exceeding the debt ceiling, and uncertainties surrounding debt ceiling and the federal budget; the impact of recent or future changes in FDIC insurance assessment rate or the rules and regulations related to the calculation of the FDIC insurance assessment amount, including any special assessments; cybersecurity threats and the cost of defending against them, including the costs of compliance with potential legislation to combat cybersecurity at a state, national, or global level; the Company's ability to remediate the existing material weaknesses identified in its internal control over financial reporting; the effectiveness of the Company's internal control over financial reporting and disclosure controls and procedures; climate change, including any enhanced regulatory, compliance, credit and reputational risks and costs; and other factors that may affect our future results. Additional factors that could cause actual results to differ materially from those expressed in the forward-looking statements are discussed in the Company's 2023 Annual Report on Form 10-K filed with the U.S. Securities and Exchange Commission ("SEC") and available at the SEC's Internet site (http://www.sec.gov).

The Company specifically disclaims any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.

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SOURCE Shore Bancshares, Inc.

FAQ

When will Shore Bancshares (SHBI) pay its next dividend?

Shore Bancshares will pay its quarterly dividend of $0.12 per share on November 29, 2024.

What is the record date for Shore Bancshares (SHBI) Q4 2024 dividend?

The record date for Shore Bancshares' quarterly dividend is November 12, 2024.

How much is Shore Bancshares (SHBI) quarterly dividend for Q4 2024?

Shore Bancshares has declared a quarterly dividend of $0.12 per share.

Where is Shore Bancshares (SHBI) headquartered?

Shore Bancshares is headquartered in Easton, Maryland, and is the largest independent bank holding company on Maryland's Eastern Shore.

Shore Bancshares Inc

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