First Bancorp (NASDAQ: FNLC) boosts dividend; yield now 4.46%
Filing Impact
Filing Sentiment
Form Type
8-K
Rhea-AI Filing Summary
The First Bancorp, Inc., parent of First National Bank, declared a second quarter cash dividend of $0.38 per share. This is an increase of $0.01 per share compared with each of the prior four quarters, highlighting a continued pattern of dividend growth.
The company notes this is the 12th consecutive year it has raised the second-quarter dividend by at least one cent. Based on a share price of $34.10 as of June 24, 2026, the new dividend equates to an annualized payout of $1.52 per share and a dividend yield of 4.46%. The dividend is payable on July 17, 2026 to shareholders of record on July 7, 2026.
Positive
- None.
Negative
- None.
8-K Event Classification
2 items: 8.01, 9.01
2 items
Item 8.01
Other Events
Other
Voluntary disclosure of events the company deems important to shareholders but not covered by other items.
Item 9.01
Financial Statements and Exhibits
Exhibits
Financial statements, pro forma financial information, and exhibit attachments filed with this report.
Key Figures
Quarterly dividend: $0.38 per share
Dividend increase: $0.01 per share
Annualized dividend: $1.52 per share
+5 more
8 metrics
Quarterly dividend
$0.38 per share
Second quarter 2026 cash dividend
Dividend increase
$0.01 per share
Higher than each of the prior four quarters
Annualized dividend
$1.52 per share
Based on new $0.38 quarterly dividend
Dividend yield
4.46%
At closing price of $34.10 on June 24, 2026
Share price reference
$34.10 per share
Closing price on June 24, 2026
Dividend record date
July 7, 2026
Shareholders of record on this date receive dividend
Dividend payment date
July 17, 2026
Scheduled payment date for Q2 2026 dividend
Dividend growth streak
12 years
Consecutive years raising second-quarter dividend
Key Terms
quarterly cash dividend, annualized dividend, dividend yield, forward-looking statements, +1 more
5 terms
quarterly cash dividend financial
"today declared a quarterly cash dividend of 38 cents per share"
A quarterly cash dividend is a payment made by a company to its shareholders four times a year, usually based on its profits. It is like a regular bonus or reward for owning the company's stock, providing shareholders with income. Many investors see these payments as a sign of the company's stability and its ability to generate consistent profits.
annualized dividend financial
"the annualized dividend of $1.52 per share represents an attractive yield"
Annualized dividend is the amount of dividend income a shareholder would receive over a full year, calculated from the most recent dividend payment pattern (for example, multiplying a quarterly payment by four or summing declared payments over 12 months). It matters to investors because it converts periodic payouts into a common yearly figure for comparing income potential and estimating cash return per share—like turning monthly rent into an annual rent figure to judge which property pays more.
dividend yield financial
"the annualized dividend of $1.52 per share represents an attractive yield of 4.46%"
Dividend yield is the annual cash dividend a company pays divided by its current share price, shown as a percentage. It tells investors how much income they would receive for each dollar invested—similar to the interest rate on a savings account—helping compare income potential across stocks and flagging when a payout looks unusually high or low relative to the share price.
forward-looking statements regulatory
"statements contained in this release may constitute “forward-looking statements”"
Forward-looking statements are predictions or plans that companies share about what they expect to happen in the future, like estimating sales or profits. They matter because they help investors understand a company's outlook, but since they are based on guesses and assumptions, they can sometimes be wrong.
FAQ
What dividend did The First Bancorp (FNLC) declare for Q2 2026?
The First Bancorp declared a quarterly cash dividend of $0.38 per share. This second quarter 2026 dividend is $0.01 higher than in each of the prior four quarters, continuing the company’s pattern of gradually increasing shareholder payouts.
How much did The First Bancorp (FNLC) increase its dividend?
The First Bancorp increased its quarterly dividend by $0.01 per share. The payout rose from $0.37 to $0.38 per share, marking the 12th consecutive year the company has raised its second-quarter dividend by at least one cent.
What is The First Bancorp (FNLC) dividend yield after the increase?
The First Bancorp’s annualized dividend of $1.52 per share represents a 4.46% yield. This yield is based on a closing share price of $34.10 on June 24, 2026, reflecting the income investors receive relative to that stock price.
When is the record date for The First Bancorp (FNLC) Q2 2026 dividend?
Shareholders of record on July 7, 2026 will receive the Q2 2026 dividend. Ownership on that date determines eligibility for the $0.38 per share cash dividend, which The First Bancorp plans to pay later in July.
When will The First Bancorp (FNLC) pay its Q2 2026 dividend?
The First Bancorp plans to pay the second quarter 2026 dividend on July 17, 2026. Investors who are shareholders of record as of July 7, 2026 will receive the $0.38 per share cash payment on that date.
How consistent is The First Bancorp (FNLC) in raising dividends?
The First Bancorp reports it has raised its second-quarter dividend for 12 consecutive years. Each year, the increase has been at least one cent per share, signaling a long-running pattern of gradually higher cash returns to shareholders.