blueharbor bank Announces Cash Dividend

Rhea-AI Summary

blueharbor bank (OTCQX:BLHK) declared a special cash dividend of $1.00 per share, payable March 31, 2026, to shareholders of record on March 24, 2026. The board cited strong capital and earnings and said it may consider additional special dividends in the future.

Positive

• Special dividend of $1.00 per share declared
• Payment date set for March 31, 2026 with record date March 24, 2026
• Board cites strong capital and earnings as rationale
• Board indicated potential for additional special dividends in future

Negative

• None.

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MOORESVILLE, N.C., Feb. 24, 2026 /PRNewswire/ -- blueharbor bank (OTCQX-BLHK) announced today that its Board of Directors has declared a special dividend of $1.00 per share payable on March 31, 2026, to holders of record of its common stock on March 24, 2026.  Jim Marshall, President and Chief Executive Officer of the Bank, commented that "we are pleased that our strong capital and earnings provide the Bank with this opportunity to enhance the value of our shareholders' investments.  Although no decisions have been made, our Board may consider additional special dividends in the future."

Forward-Looking Statement:

This press release contains forward-looking statements. Words such as "anticipates," "believes," "estimates," "expects," "intends," "should," "will," variations of such words and similar expressions are intended to identify forward-looking statements. These statements reflect management's current beliefs as to the expected outcomes of future events and are not guarantees of future performance. These statements involve certain risks, uncertainties and assumptions that are difficult to predict with regard to timing, extent, likelihood and degree of occurrence. As such, actual results and outcomes may materially differ from what may be expressed or forecast in such forward-looking statements. Factors that could cause a difference include, among others: changes in the national and local economies or market conditions; changes in interest rates, deposit levels, loan demand and asset quality, including real estate and other collateral values; changes in banking regulations and accounting principles, policies or guidelines; and the impact of competition from traditional or new sources. These and other factors that may emerge could cause decisions and actual results to differ materially from current expectations. blueharbor bank takes no obligation to revise, update, or clarify forward-looking statements to reflect events or conditions after the date of this press release.

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SOURCE blueharbor bank

FAQ

What special dividend did blueharbor bank (BLHK) announce on February 24, 2026?

blueharbor bank announced a $1.00 per share special cash dividend. According to the company, the dividend is payable March 31, 2026, to holders of record on March 24, 2026.

When is the record date and payment date for BLHK's special dividend declared Feb. 24, 2026?

The record date is March 24, 2026 and the payment date is March 31, 2026. According to the company, shareholders on the record date will receive the $1.00 per share special dividend.

How did blueharbor bank (BLHK) justify the $1.00 special dividend on Feb. 24, 2026?

The company said its strong capital and earnings enable the special dividend. According to the company, management views this as a way to enhance shareholder value.

Will blueharbor bank (BLHK) pay more special dividends after the March 31, 2026 payout?

The board said it may consider additional special dividends in the future but made no commitments. According to the company, no decisions have been made about further payouts.

Who is eligible to receive blueharbor bank's (BLHK) $1.00 special dividend?

Shareholders of record on March 24, 2026 are eligible to receive the $1.00 dividend. According to the company, payments will be made on March 31, 2026 to those record holders.