First Bancorp, Inc (ME) (NASDAQ:FNLC) to Issue Quarterly Dividend of $0.38

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) dividend on an annualized basis and a yield of 4.5%. The ex-dividend date 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 by an average of 0.0%per year over the last three years and has raised its dividend annually for the last 6 consecutive years.

First Bancorp, Inc (ME) Stock Performance

NASDAQ FNLC opened at $34.05 on Friday. The stock’s 50 day simple moving average is $29.51 and its 200-day simple moving average is $28.40. The company has a debt-to-equity ratio of 0.33, a current ratio of 0.89 and a quick ratio of 0.89. The company has a market cap of $384.08 million, a PE ratio of 10.51 and a beta of 0.52. First Bancorp, Inc has a 1-year low of $24.08 and a 1-year high of $34.50.

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

About First Bancorp, Inc (ME)

(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.

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

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