Enterprise Bancorp, Inc. Announces Quarterly Dividend
Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend of $0.23 per share, marking a 12.2% increase from the previous year.
Rhea-AI Summary
Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend of $0.23 per share, marking a 12.2% increase from the previous year. The dividend is set to be paid on March 1, 2023, to shareholders on record as of February 8, 2023. The company, operating primarily through Enterprise Bank and Trust Company, focuses on attracting deposits and investing in commercial loans and securities. With 27 branches across Massachusetts and New Hampshire, Enterprise Bank provides a range of financial services, including loans, deposit products, and cash management services.
Positive
- Quarterly dividend of $0.23 per share announced, a 12.2% increase from last year.
- Confidence in sustaining dividend growth reflects strong financial health.
Negative
- None.
Details
News Market Reaction – EBTC
In the trading session that priced this news, EBTC declined 2.14%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
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LOWELL, Mass., Jan. 17, 2023 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC)
On January 17, 2023, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of
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
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