blueharbor bank Announces Cash Dividend

Rhea-AI Summary

blueharbor bank (OTCQX:BLHK) declared a special cash dividend of $0.25 per share, payable on December 12, 2025 to shareholders of record on December 2, 2025. The bank said its strong capital and earnings allow this shareholder distribution and noted the Board may consider additional special dividends in the future, but no decisions have been made. The release includes a forward-looking statement cautioning that actual outcomes may differ due to economic, interest rate, regulatory, and competitive factors.

Positive

• Special dividend declared at $0.25 per share
• Dividend payable Dec 12, 2025 to record holders on Dec 2, 2025
• Management cites strong capital and earnings enabling the distribution

Negative

• Board has not committed to future dividends; decisions remain uncertain
• Forward-looking risks may alter timing or size of future shareholder returns

MOORESVILLE, N.C., Nov. 18, 2025 /PRNewswire/ -- blueharbor bank (OTCQX-BLHK) announced today that its Board of Directors has declared a special dividend of $0.25 per share payable on December 12, 2025, to holders of record of its common stock on December 2, 2025. 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 cash dividend did blueharbor bank (BLHK) announce on November 18, 2025?

blueharbor bank announced a $0.25 per share special cash dividend on November 18, 2025.

Who is eligible for blueharbor bank (BLHK) dividend payable December 12, 2025?

Holders of record of blueharbor bank common stock on December 2, 2025 are eligible for the dividend payable December 12, 2025.

Why did blueharbor bank (BLHK) decide to pay a special dividend in 2025?

Management said strong capital and earnings provided the opportunity to enhance shareholder value with a special dividend.

Will blueharbor bank (BLHK) pay more special dividends after December 2025?

The Board said it may consider additional special dividends in the future, but no decisions have been made.

How does the press release caution investors about blueharbor bank (BLHK) dividend plans?

The release includes a forward-looking statement warning that actual results may differ due to economic, interest rate, regulatory, and competitive factors.