EASTON, Md., Nov. 6, 2019 /PRNewswire/ -- Shore Bancshares,
Inc. (NASDAQ - SHBI) announced that the Board of Directors has
declared a quarterly common stock dividend in the amount of
$0.12 per share, payable November 29, 2019 to stockholders of record on
November 16, 2019.
"We are pleased to announce an increase of our quarterly cash
dividend to $0.12 per share," said
Lloyd L. "Scott" Beatty, Jr., President and Chief Executive
Officer. "We had good quarterly results including significant
deposit growth and we met analyst's earnings estimates. We continue
to strive to meet the expectations of our shareholders and provide
outstanding service to our valued customers."
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 & Trust, 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".
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.
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SOURCE Shore Bancshares, Inc.