Katahdin Bankshares Corp. Announces Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a cash dividend of $0.125 per share for Q2 2021, marking a 5.5% increase year-over-year. The dividend will be payable on June 23, 2021, to shareholders of record as of June 16, 2021. The community bank, founded in 1918, serves northern Maine and has over $941 million in assets with 16 branch offices. Katahdin Trust was recognized as one of the Best Places to Work in Maine for three consecutive years.

Positive

• Dividend increase of 5.5% year-over-year
• Cash dividend of $0.125 per share enhances shareholder returns
• Over $941 million in assets demonstrates financial stability

Negative

• None.

HOULTON, Maine, May 26, 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 second 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 second quarter dividend. The dividend will be payable on June 23, 2021 to shareholders of record as of June 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. 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.

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SOURCE Katahdin Bankshares Corp.

FAQ

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

Katahdin Bankshares Corp. declared a cash dividend of $0.125 per share for Q2 2021.

When will the dividend for KTHN be paid?

The dividend will be payable on June 23, 2021.

What was the percentage increase in the dividend from last year?

The dividend increased by 5.5% compared to last year's second quarter.

What are the record dates for the KTHN dividend?

Shareholders of record as of June 16, 2021, will receive the dividend.

How long has Katahdin Trust been operating?

Katahdin Trust has been operating since 1918.