The First Bancorp Declares Dividend
March 15 2012 - 4:15PM
Business Wire
The Board of Directors of The First Bancorp (NASDAQ: FNLC),
today declared a quarterly dividend of 19.5 cents per share. This
first-quarter dividend, which is payable April 30, 2012, to
shareholders of record as of April 5, 2012, is equal to the 19.5
cents per share declared in the previous thirteen quarters.
“Maintaining our dividend at its current level continues to be
very important to most of our Shareholders,” stated Daniel R.
Daigneault, the Company’s President & Chief Executive Officer.
“At 19.5 cents per quarter or 78 cents per year, it also has a very
attractive yield of 5.19%, based on the closing price of $15.02 per
share on Wednesday, March 14.”
The First Bancorp, headquartered in Damariscotta, Maine, is the
holding company for The First, N.A. Founded in 1864, The First is
an independent community bank serving Mid-Coast and Down East Maine
with 14 offices in Lincoln, Knox, Hancock and Washington Counties.
The Bank provides a full range of consumer and commercial banking
products and services. First Advisors, a division of The First,
provides investment advisory, private banking and trust services
from two offices in Lincoln and Hancock Counties.
Forward-looking and cautionary statements: except for the
historical information and discussions contained herein, statements
contained in this release may constitute “forward-looking
statements” within the meaning of the Private Securities Litigation
Reform Act of 1995. These statements involve a number of risks,
uncertainties and other factors that could cause actual results and
events to differ materially, as discussed in the Company’s filings
with the Securities and Exchange Commission.
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