Katahdin Bankshares Corp. Announces Dividend

Rhea-AI Summary

Katahdin Bankshares Corp. (OTCQX: KTHN) announced a cash dividend of $0.138 per share for Q1 2022, reflecting a 10.4% increase from the same period last year. This dividend will be payable on March 24, 2022, to shareholders of record as of March 17, 2022. With over $940 million in assets and 16 banking offices, Katahdin Trust Company continues to be a prominent community bank in northern Maine. In previous years, the bank has been recognized as one of the Top 200 Community Banks and one of the Best Places to Work in Maine.

Positive

• Dividend increase of 10.4% enhances shareholder returns.
• The bank boasts over $940 million in assets, indicating strong financial health.
• Recognition as a Top 200 Community Bank highlights reputation and performance.

Negative

• None.

HOULTON, Maine, Feb. 23, 2022 /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 $0.138 per share for the first quarter of 2022. 

In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 10.4% increase over last year's first quarter dividend. The dividend will be payable on March 24, 2022 to shareholders of record as of March 17, 2022.   

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 $940 million in assets and 16 banking offices that serve Aroostook, Penobscot, and Cumberland counties. The Bank has nearly 180 employees and, in 2021, was named one of the Best Places to Work in Maine for the fourth 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-301489035.html

SOURCE Katahdin Bankshares Corp.

FAQ

What is the cash dividend amount announced by Katahdin Bankshares Corp (KTHN) for Q1 2022?

Katahdin Bankshares Corp. announced a cash dividend of $0.138 per share for Q1 2022.

When will the dividend be payable for KTHN shares?

The dividend will be payable on March 24, 2022.

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

The dividend increased by 10.4% compared to the first quarter of last year.

What is the record date for the KTHN dividend?

The record date for the dividend is March 17, 2022.