Enterprise Bancorp, Inc. Announces Quarterly Dividend
Rhea-AI Summary
Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend of $0.175 per share, set for payment on December 1, 2020, to shareholders on record by November 10, 2020. The company operates primarily through Enterprise Bank, which provides various banking services including commercial and residential loans, deposits, and wealth management. With 25 branches across Massachusetts and New Hampshire, Enterprise Bank focuses on the Greater Merrimack Valley, Nashoba Valley, and North Central regions. Additionally, a new branch in North Andover, MA is expected to open in early 2021.
Positive
- Quarterly dividend of $0.175 per share indicates shareholder returns.
- Expansion plans with a new branch opening in North Andover, MA, enhancing market presence.
Negative
- None.
News Market Reaction – EBTC
On the day this news was published, EBTC gained 0.53%, reflecting a mild positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
LOWELL, Mass., Oct. 20, 2020 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC)
On October 20, 2020, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of
Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all of its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank. Enterprise Bank is principally engaged in the business of attracting deposits from the general public and investing in commercial loans and investment securities. Through Enterprise Bank and its subsidiaries, the Company offers a range of commercial, residential and consumer loan products, deposit products and cash management services, electronic and digital banking options, and commercial insurance services, as well as wealth management, wealth services and trust services. The Company's headquarters and Enterprise Bank's main office are located at 222 Merrimack Street in Lowell, Massachusetts. The Company's primary market area is the Greater Merrimack Valley, Nashoba Valley, and North Central regions of Massachusetts and Southern New Hampshire (Southern Hillsborough and Rockingham counties). Enterprise Bank has 25 full-service branches located in the Massachusetts communities of Lowell (2), Acton, Andover, Billerica (2), Chelmsford (2), Dracut, Fitchburg, Lawrence, Leominster, Lexington, Methuen, Tewksbury (2), Tyngsborough and Westford and in the New Hampshire communities of Derry, Hudson, Nashua (2), Pelham, Salem and Windham. The Company is also in the process of establishing a branch office in North Andover, MA and anticipates that this location will open in early 2021.
Contact Info: Joseph R. Lussier, Executive Vice President, Chief Financial Officer and Treasurer (978) 656-5578
FAQ
What is the dividend amount declared by EBTC?
When will the EBTC dividend be paid?
Who is eligible for the EBTC dividend?
What services does Enterprise Bank provide?
Where is Enterprise Bank located?
