The First Bancorp Inc. (FNLC) to Issue Quarterly Dividend of $0.23 on October 28th

The First Bancorp Inc. (NASDAQ:FNLC) declared a quarterly dividend on Friday, September 23rd. Investors of record on Wednesday, October 5th will be paid a dividend of 0.23 per share on Friday, October 28th. This represents a $0.92 annualized dividend and a dividend yield of 3.80%. The ex-dividend date of this dividend is Monday, October 3rd.

The First Bancorp (NASDAQ:FNLC) opened at 24.22 on Wednesday. The First Bancorp has a 12 month low of $17.37 and a 12 month high of $24.25. The company’s 50 day moving average price is $22.32 and its 200 day moving average price is $20.86. The firm has a market capitalization of $261.21 million, a P/E ratio of 15.33 and a beta of 0.77.

The First Bancorp (NASDAQ:FNLC) last issued its earnings results on Wednesday, July 20th. The company reported $0.43 earnings per share for the quarter. The First Bancorp had a net margin of 26.50% and a return on equity of 10.03%.

In related news, EVP F Stephen Ward sold 1,700 shares of the firm’s stock in a transaction that occurred on Monday, August 29th. The shares were sold at an average price of $22.15, for a total transaction of $37,655.00. Following the completion of the sale, the executive vice president now directly owns 27,013 shares in the company, valued at $598,337.95. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 6.62% of the company’s stock.

About The First Bancorp

The First Bancorp, Inc is the bank holding company of First National Bank (the Bank). The Bank offers a range of financial services to individuals and companies in coastal Maine. The Company, through First Advisors, an operating division of the Bank, offers a range of private banking, financial planning, investment management and trust services to individuals, businesses, non-profit organizations and municipalities of various asset sizes.

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