Katahdin Bankshares Corp. Announces Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN) declared a cash dividend of $0.125 per share for Q1 2021, representing a 5.5% increase from the previous year. This dividend will be payable on March 23, 2021 to shareholders on record as of March 16, 2021. The community bank, headquartered in Houlton, Maine, has over $937 million in assets and operates 16 banking offices across northern Maine. It has been recognized as one of the Best Places to Work in Maine for three consecutive years.

Positive

• Declared a cash dividend of $0.125 per share for Q1 2021.
• 5.5% increase in the dividend compared to Q1 2020.
• Strong asset base exceeding $937 million.
• Recognized as one of the Best Places to Work in Maine.

Negative

• None.

News Market Reaction

-0.50%

1 alert

-0.50% News Effect

On the day this news was published, KTHN declined 0.50%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

HOULTON, Maine, Feb. 24, 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 first 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 first quarter dividend. The dividend will be payable on March 23, 2021 to shareholders of record as of March 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 $937 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. 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:http://www.prnewswire.com/news-releases/katahdin-bankshares-corp-announces-dividend-301235006.html

SOURCE Katahdin Bankshares Corp.

FAQ

What is the dividend amount declared by Katahdin Bankshares Corp. for Q1 2021?

Katahdin Bankshares Corp. declared a cash dividend of $0.125 per share for Q1 2021.

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

The dividend will be payable on March 23, 2021.

What is the record date for the dividend of Katahdin Bankshares Corp.?

The record date for the dividend is March 16, 2021.

How much was the increase in dividend compared to last year for Katahdin Bankshares Corp.?

The dividend increased by 5.5% compared to the first quarter of the previous year.

What is the total asset base of Katahdin Bankshares Corp.?

Katahdin Bankshares Corp. has over $937 million in assets.