Katahdin Bankshares Corp. Announces Quarterly Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN) has declared a quarterly cash dividend of $0.175 per share for Q4 2024. The dividend will be paid on December 20, 2024, to shareholders of record as of December 13, 2024. This represents a significant 15.1% increase compared to the fourth-quarter dividend of the previous year.

Positive

• 15.1% increase in quarterly dividend compared to previous year
• Continued ability to maintain and increase shareholder distributions

Negative

• None.

News Market Reaction – KTHN

-0.61%

-0.61% Session move

In the trading session that priced this news, KTHN declined 0.61%, reflecting a mild negative market reaction.

Data tracked by StockTitan Argus on the day of publication.

AI-generated analysis. How Rhea-AI works. Not financial advice.

See more from StockTitan in Google Search and AI answers. Adds StockTitan as a preferred source · opens Google

Add on Google Not now

HOULTON, Maine , Nov. 20, 2024 /PRNewswire/ -- Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, announced that it has declared a cash dividend of $0.175 per share for the fourth quarter of 2024. The dividend will be payable on December 20, 2024, to shareholders of record as of December 13, 2024.

This dividend represents a 15.1% increase over last year's fourth-quarter dividend.

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 16 locations and more than $1.05 billion in assets. 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 social media.

View original content:https://www.prnewswire.com/news-releases/katahdin-bankshares-corp-announces-quarterly-dividend-302312121.html

SOURCE Katahdin Bankshares Corp.

FAQ

What is Katahdin Bankshares' (KTHN) Q4 2024 dividend amount?

Katahdin Bankshares Corp. (KTHN) declared a quarterly cash dividend of $0.175 per share for Q4 2024.

When is Katahdin Bankshares' (KTHN) Q4 2024 dividend payable?

The Q4 2024 dividend will be payable on December 20, 2024, to shareholders of record as of December 13, 2024.

How much did Katahdin Bankshares (KTHN) increase its dividend in Q4 2024?

Katahdin Bankshares increased its Q4 2024 dividend by 15.1% compared to the previous year's fourth-quarter dividend.