Katahdin Bankshares Corp. Announces Quarterly Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN), the parent company of Katahdin Trust Company, has announced a quarterly cash dividend of $0.175 per share for the third quarter of 2024. This dividend represents a 15.1% increase compared to the same quarter last year. The dividend will be payable on September 20, 2024, to shareholders of record as of September 13, 2024. This announcement demonstrates Katahdin Bankshares Corp.'s commitment to delivering value to its shareholders and reflects the company's financial stability and growth.

Positive

• Quarterly dividend of $0.175 per share declared
• 15.1% increase in dividend compared to last year's third quarter
• Demonstrates financial stability and growth

Negative

• None.

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

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HOULTON, Maine, Aug. 29, 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 third quarter of 2024. The dividend will be payable on September 20, 2024, to shareholders of record as of September 13, 2024.

This dividend represents a 15.1% increase over last year's third-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 $1.03 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-302234441.html

SOURCE Katahdin Bankshares Corp.

FAQ

What is the amount of Katahdin Bankshares Corp.'s (KTHN) quarterly dividend for Q3 2024?

Katahdin Bankshares Corp. (KTHN) has declared a quarterly cash dividend of $0.175 per share for the third quarter of 2024.

When will Katahdin Bankshares Corp. (KTHN) pay its Q3 2024 dividend?

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

How much has Katahdin Bankshares Corp.'s (KTHN) dividend increased compared to last year?

The Q3 2024 dividend represents a 15.1% increase over last year's third-quarter dividend.

What is the record date for Katahdin Bankshares Corp.'s (KTHN) Q3 2024 dividend?

The record date for Katahdin Bankshares Corp.'s (KTHN) Q3 2024 dividend is September 13, 2024.