Bar Harbor Bankshares Declares Quarterly Cash Dividend

(Neutral)

Rhea-AI Summary

Bar Harbor Bankshares (NYSE American:BHB) announced a quarterly cash dividend of $0.22 per share, declared on October 20, 2020. Shareholders of record by November 18, 2020, will receive the dividend on December 18, 2020. This represents an annualized yield of 4.28% based on the stock's closing price of $20.55 at Q3 2020. Established in 1887, Bar Harbor Bank & Trust operates in Maine, New Hampshire, and Vermont, providing comprehensive community banking services.

Positive

Quarterly cash dividend of $0.22 per share announced.
Annualized yield of 4.28% based on $20.55 closing price.

Negative

None.

News Market Reaction – BHB

+2.62%

+2.62% Session move

In the trading session that priced this news, BHB gained 2.62%, reflecting a moderate positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

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10/21/2020 - 04:15 PM

BAR HARBOR, ME / ACCESSWIRE / October 21, 2020 / Bar Harbor Bankshares (NYSE American:BHB) (or the "Company"), announced that its Board of Directors declared at its October 20, 2020 meeting, a quarterly cash dividend of $0.22 per share of common stock to shareholders of record at the close of business on November 18, 2020, payable on December 18, 2020. This dividend equates to a 4.28% annualized yield based on the $20.55 closing price of the Company's common stock at the end of the third quarter of 2020.

Bar Harbor Bankshares is the parent company of its wholly owned subsidiary, Bar Harbor Bank & Trust. Founded in 1887, Bar Harbor Bank & Trust is a true community bank serving the financial needs of its clients for over 130 years. Bar Harbor provides full service community banking with office locations in all three Northern New England states of Maine, New Hampshire, and Vermont. For more information, visit www.barharbor.bank.

Contact:

Bar Harbor Bankshares
Josephine Iannelli
EVP, Chief Financial Officer & Treasurer
(207) 288-3314

SOURCE: Bar Harbor Bank and Trust

View source version on accesswire.com:
https://www.accesswire.com/611615/Bar-Harbor-Bankshares-Declares-Quarterly-Cash-Dividend

FAQ

When is the dividend payment date for Bar Harbor Bankshares (BHB)?

The dividend payment date is December 18, 2020.

What is the amount of the dividend declared by Bar Harbor Bankshares (BHB)?

The declared dividend is $0.22 per share.

Who are the shareholders eligible for the Bar Harbor Bankshares (BHB) dividend?

Shareholders of record at the close of business on November 18, 2020, are eligible.

What is the annualized yield of Bar Harbor Bankshares (BHB) dividend?

The annualized yield is 4.28% based on the closing price of $20.55.