First Bancorp, Inc (ME) (FNLC) to Distribute Quarterly Dividend of $0.38 on July 17th

First Bancorp, Inc (ME) (NASDAQ:FNLCGet Free Report) declared a quarterly dividend on Thursday, June 25th. Investors of record on Tuesday, July 7th will be paid a dividend of 0.38 per share by the bank on Friday, July 17th. This represents a c) annualized dividend and a yield of 4.3%. The ex-dividend date of this dividend is Tuesday, July 7th. This is a 2.7% increase from First Bancorp, Inc (ME)’s previous quarterly dividend of $0.37.

First Bancorp, Inc (ME) has raised its dividend payment by an average of 0.0%annually over the last three years and has raised its dividend annually for the last 6 consecutive years.

First Bancorp, Inc (ME) Stock Performance

Shares of NASDAQ:FNLC opened at $35.51 on Friday. The company has a market capitalization of $400.41 million, a price-to-earnings ratio of 10.96 and a beta of 0.52. First Bancorp, Inc has a 52 week low of $24.08 and a 52 week high of $35.74. The company has a quick ratio of 0.89, a current ratio of 0.89 and a debt-to-equity ratio of 0.33. The firm has a 50 day moving average of $29.65 and a 200 day moving average of $28.45.

First Bancorp, Inc (ME) (NASDAQ:FNLCGet Free Report) last posted its earnings results on Wednesday, April 22nd. The bank reported $0.80 earnings per share for the quarter. First Bancorp, Inc (ME) had a return on equity of 13.09% and a net margin of 20.34%.The company had revenue of $25.87 million during the quarter.

First Bancorp, Inc (ME) Company Profile

(Get Free Report)

First Bancorp, Inc (NASDAQ: FNLC) is a Maine-based bank holding company headquartered in Dover-Foxcroft. Through its principal subsidiary, The First National Bank of Dover-Foxcroft, the company provides a full suite of community banking services to individuals, small businesses and nonprofit organizations. Its core deposit offerings include checking, savings, money market and certificate of deposit accounts, complemented by online and mobile banking platforms.

On the lending side, First Bancorp’s product portfolio spans consumer and residential mortgage loans as well as commercial and agricultural lending.

Further Reading

Dividend History for First Bancorp, Inc (ME) (NASDAQ:FNLC)

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