STOCK TITAN

Enterprise Bancorp, Inc. Announces Quarterly Dividend

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary
Enterprise Bancorp, Inc. declares a quarterly dividend of $0.23 per share, representing a 12.2% increase over the previous year.
Positive
  • The dividend rate has increased by 12.2% over the previous year.
Negative
  • None.

LOWELL, Mass., Oct. 17, 2023 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC)

On October 17, 2023, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.23 per share to be paid on December 1, 2023, to shareholders of record as of November 10, 2023. The 2023 dividend rate represents a 12.2% increase over the 2022 dividend rate.

Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all 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, as well as wealth management, 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 Northern Middlesex, Northern Essex, and Northern Worcester counties of Massachusetts and the Southern Hillsborough and Southern Rockingham counties in New Hampshire. Enterprise Bank has 27 full-service branches located in the Massachusetts communities of Acton, Andover, Billerica (2), Chelmsford (2), Dracut, Fitchburg, Lawrence, Leominster, Lexington, Lowell (2), Methuen, North Andover, Tewksbury (2), Tyngsborough and Westford and in the New Hampshire communities of Derry, Hudson, Londonderry, Nashua (2), Pelham, Salem and Windham.

Contact Info: Joseph R. Lussier, Executive Vice President, Chief Financial Officer and Treasurer (978) 656-5578


FAQ

What is the dividend rate declared by Enterprise Bancorp, Inc.?

The dividend rate declared by Enterprise Bancorp, Inc. is $0.23 per share.

When will the dividend be paid?

The dividend will be paid on December 1, 2023.

Who is eligible to receive the dividend?

Shareholders of record as of November 10, 2023, are eligible to receive the dividend.

Where is the headquarters of Enterprise Bancorp, Inc. located?

The headquarters of Enterprise Bancorp, Inc. is located at 222 Merrimack Street in Lowell, Massachusetts.

How many branches does Enterprise Bank have?

Enterprise Bank has 27 full-service branches located in Massachusetts and New Hampshire.

Enterprise Bancorp Inc.

NASDAQ:EBTC

EBTC Rankings

EBTC Latest News

EBTC Stock Data

304.71M
9.38M
20.14%
31.2%
0.23%
Commercial Banking
Finance and Insurance
Link
United States of America
LOWELL

About EBTC

enterprise bank was founded through the entrepreneurial vision of george l. duncan in 1988. we are headquartered in lowell, massachusetts, with branch locations throughout the merrimack valley and north central regions of massachusetts, as well as southern new hampshire. for over 25 years, enterprise bank has been supporting the financial needs of businesses, professionals, individuals and communities. as a leading, independent, community-focused bank, we recognize that by working together with our customers, we have a profound impact on the quality of life and the economic wellbeing of the communities in our area. at enterprise bank, building lasting and positive relationships with our customers is much more important than conducting transactions. our success is consistently measured by the success of our valued customers.