The First Bancorp, Inc. Declares Quarterly Dividend of $0.36 (NASDAQ:FNLC)

The First Bancorp, Inc. (NASDAQ:FNLC) announced a quarterly dividend on Thursday, September 26th, Zacks reports. Shareholders of record on Tuesday, October 8th will be given a dividend of 0.36 per share by the bank on Friday, October 18th. This represents a $1.44 annualized dividend and a yield of 5.51%. The ex-dividend date is Tuesday, October 8th.

First Bancorp has increased its dividend by an average of 4.2% annually over the last three years and has increased its dividend annually for the last 7 consecutive years.

First Bancorp Stock Up 0.5 %

Shares of FNLC stock traded up $0.13 on Friday, hitting $26.12. The stock had a trading volume of 15,239 shares, compared to its average volume of 16,550. The firm has a market capitalization of $290.98 million, a price-to-earnings ratio of 10.53 and a beta of 0.56. The stock’s 50 day moving average is $26.44 and its 200-day moving average is $24.58. The company has a debt-to-equity ratio of 0.29, a quick ratio of 0.84 and a current ratio of 0.84. First Bancorp has a 52-week low of $21.77 and a 52-week high of $29.75.

First Bancorp (NASDAQ:FNLC) last announced its earnings results on Wednesday, July 24th. The bank reported $0.55 earnings per share for the quarter. The business had revenue of $19.23 million during the quarter. First Bancorp had a net margin of 16.95% and a return on equity of 11.01%.

First Bancorp Company Profile

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.