EASTON, Md., May 6, 2020 /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
May 29, 2020 to stockholders of
record on May 16, 2020.
"We are pleased to announce the continuation of our quarterly
cash dividend of $0.12 per share."
said Lloyd L. "Scott" Beatty, Jr., President and Chief Executive
Officer. "Although we are facing an unprecedented time of
great uncertainty, we remain cautiously optimistic and in a strong
capital position allowing us to preserve our quarterly cash
dividend."
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.