The First Bancorp, Inc. (NASDAQ:FNLC) to Issue $0.36 Quarterly Dividend

The First Bancorp, Inc. (NASDAQ:FNLC) announced a quarterly dividend on Thursday, September 26th, Zacks reports. Stockholders of record on Tuesday, October 8th will be paid a dividend of 0.36 per share by the bank on Friday, October 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.52%. The ex-dividend date is Tuesday, October 8th.

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

First Bancorp Stock Performance

Shares of FNLC opened at $26.07 on Friday. The stock has a market capitalization of $290.32 million, a PE ratio of 10.51 and a beta of 0.56. The business’s fifty day moving average price is $26.15 and its 200 day moving average price is $24.71. The company has a debt-to-equity ratio of 0.29, a current ratio of 0.84 and a quick ratio of 0.84. First Bancorp has a 12-month low of $21.77 and a 12-month high of $29.75.

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

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.