Shore Bancshares, Inc. Reports Quarterly Dividend of $0.12 Per Share
Shore Bancshares, Inc. (NASDAQ - SHBI) declared a quarterly cash dividend of $0.12 per share, payable on August 31, 2020, to stockholders of record by August 15, 2020.
Sentiment and the balance of points
Rhea-AI Sentiment reads the wording of the document, how positive or negative its language is on a 1 to 5 scale. The balance of points shown with the takes weighs what the document actually discloses, so the two can disagree, for example when a trial that missed its main goal is described in upbeat language.
Rhea-AI Summary
Shore Bancshares, Inc. (NASDAQ - SHBI) declared a quarterly cash dividend of $0.12 per share, payable on August 31, 2020, to stockholders of record by August 15, 2020. The company reported a solid second quarter, emphasizing its strong capital position despite ongoing challenges from the COVID-19 pandemic. CEO Lloyd L. “Scott” Beatty, Jr. noted their commitment to supporting customers during this economic volatility, highlighting the firm’s resilience and financial health.
Positive
- Declared a quarterly cash dividend of $0.12 per share.
- Reported a healthy second-quarter performance.
- Maintains a strong capital position.
Negative
- None.
Details
News Market Reaction – SHBI
The recorded move for SHBI in the trading session of this news was +1.88%.
Data tracked by StockTitan Argus. Session date unavailable.
AI-generated analysis. How Rhea-AI works. Not financial advice.
EASTON, Md., Aug. 5, 2020 /PRNewswire/ -- Shore Bancshares, Inc. (NASDAQ - SHBI) announced that the Board of Directors has declared a quarterly cash dividend on common stock in the amount of
"We are pleased to announce the continuation of our quarterly cash dividend of
Shore Bancshares Information
Shore Bancshares is a financial holding company headquartered in Easton, Maryland and is the largest independent bank holding company located on Maryland's Eastern Shore. It is the parent company of Shore United Bank. Shore Bancshares engages in trust and wealth management services through Wye Financial Partners, a division of Shore United Bank.
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. For a discussion of these risks and uncertainties, see the section of the periodic reports filed by Shore Bancshares, Inc. with the Securities and Exchange Commission entitled "Risk Factors".
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SOURCE Shore Bancshares, Inc.
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