Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
Rhea-AI Summary
Shore Bancshares (NASDAQ: SHBI) has declared a quarterly dividend of $0.12 per share, payable on August 30, 2024 to stockholders of record as of August 12, 2024. This announcement comes from the largest independent bank holding company on Maryland's Eastern Shore. Shore Bancshares, headquartered in Easton, Maryland, is the parent company of Shore United Bank and offers trust and wealth management services through its division, Wye Financial Partners.
Positive
- Consistent dividend payment indicates financial stability
- Maintains shareholder value through regular cash distributions
Negative
- None.
News Market Reaction – SHBI
In the trading session that priced this news, SHBI declined 2.75%, reflecting a moderate negative market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
Shore Bancshares Information
Shore Bancshares is a financial holding company headquartered in
Additional information is available at www.shorebancshares.com.
Forward-Looking Statements
The statements contained herein that are not historical facts are forward-looking statements (as defined by the Private Securities Litigation Reform Act of 1995) based on management's current expectations and beliefs concerning future developments and their potential effects on the Company. Such statements involve inherent risks and uncertainties, many of which are difficult to predict and are generally beyond the control of the Company. There can be no assurance that future developments affecting the Company will be the same as those anticipated by management. These statements are evidenced by terms such as "anticipate," "estimate," "should," "expect," "believe," "intend," and similar expressions. Although these statements reflect management's good faith beliefs and projections, they are not guarantees of future performance and they may not prove true. These projections involve risk and uncertainties that could cause actual results to differ materially from those addressed in the forward-looking statements. While there is no assurance that any list of risks and uncertainties or risk factors is complete, below are certain factors which could cause actual results to differ materially from those contained or implied in the forward-looking statements: the effect of acquisitions we have made or may make, including, without limitation, the failure to achieve the expected revenue growth and/or expense savings from such acquisitions, and/or the failure to effectively integrate an acquisition target into our operations; recent adverse developments in the banking industry highlighted by high-profile bank failures and the potential impact of such developments on customer confidence, liquidity, and regulatory responses to these developments; changes in general economic, political, or industry conditions; geopolitical concerns, including the ongoing wars in
The Company specifically disclaims any obligation to update any factors or to publicly announce the result of revisions to any of the forward-looking statements included herein to reflect future events or developments.
View original content to download multimedia:https://www.prnewswire.com/news-releases/shore-bancshares-inc-reports-quarterly-dividend-of-0-12-per-share-302212867.html
SOURCE Shore Bancshares, Inc.