Katahdin Bankshares Corp. Announces Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.125 per share for Q3 2021, marking a 5.5% increase from last year. The dividend is payable on September 23, 2021, to shareholders of record as of September 16, 2021. With over $941 million in assets, Katahdin Trust Company, the parent company, serves northern Maine and surrounding regions. The bank has been recognized as one of the Best Places to Work in Maine and ranked among the Top 200 Community Banks in the nation.

Positive

• Declared a cash dividend of $0.125 per share, a 5.5% increase from last year.
• Dividend payment date of September 23, 2021, indicating strong shareholder returns.
• Company reported over $941 million in assets, suggesting solid financial health.

Negative

• None.

HOULTON, Maine, Aug. 25, 2021 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, a community bank founded in 1918 serving northern Maine and the greater Bangor and Portland regions, announced that it has declared a cash dividend of $0.125 per share for the third quarter of 2021. 

In making the announcement Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 5.5% increase over last year's third quarter dividend. The dividend will be payable on September 23, 2021 to shareholders of record as of September 16, 2021.   

About Katahdin Bankshares Corp.
Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company. Founded in 1918, Katahdin Trust is a community bank based in Houlton, Maine with more than $941 million in assets and 16 banking offices that serve Aroostook, Penobscot, and Cumberland counties. The Bank has nearly 180 employees and, in 2020, was named one of the Best Places to Work in Maine for the third year in a row and recognized the past two years as one of the Top 200 Community Banks in the country by American Banker magazine. Katahdin Bankshares Corp. common stock is quoted on the OTC Markets (OTCQX) under the symbol KTHN. Learn more about the Company and its subsidiary bank at www.katahdintrust.com and follow Katahdin Trust on Facebook, Twitter, LinkedIn, and Instagram.

View original content:https://www.prnewswire.com/news-releases/katahdin-bankshares-corp-announces-dividend-301362953.html

SOURCE Katahdin Bankshares Corp.

FAQ

What is the dividend amount declared by Katahdin Bankshares Corp for Q3 2021?

Katahdin Bankshares Corp has declared a dividend of $0.125 per share for Q3 2021.

When will the dividend be paid to shareholders of Katahdin Bankshares Corp?

The dividend will be paid on September 23, 2021.

What was the percentage increase in the dividend compared to last year?

The dividend represents a 5.5% increase over last year's third quarter dividend.

What are the key financial metrics of Katahdin Bankshares Corp?

Katahdin Bankshares Corp has over $941 million in assets and operates 16 banking offices.