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Press release content from Business Wire. The AP news staff was not involved in its creation.
PRESS RELEASE: Paid content from Business Wire
Press release content from Business Wire. The AP news staff was not involved in its creation.

The First Bancorp Declares Third Quarter Dividend

September 30, 2021 GMT

DAMARISCOTTA, Maine--(BUSINESS WIRE)--Sep 30, 2021--

The First Bancorp (NASDAQ: FNLC), the parent company of First National Bank, today declared a quarterly cash dividend of 32 cents per share. This third quarter dividend is payable October 22, 2021 to shareholders of record as of October 12, 2021. Based on the September 29, 2021 closing price of $29.50 per share, the annualized dividend of $1.28 per share translates to a yield of 4.34%.

“The First Bancorp has followed record annual earnings in 2020 with record first half earnings in 2021,” remarked President & Chief Executive Officer, Tony C. McKim. “I’m pleased that the Company’s Board of Directors continues to share this success with our shareholders in the form of a generous cash dividend.”

The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for First National Bank. Founded in 1864, the Bank serves Mid-Coast and Down East Maine with seventeen offices in Lincoln, Knox, Hancock, Penobscot, Waldo and Washington Counties. The Bank provides a full range of consumer and commercial banking products and services. First National Wealth Management, a division of First National Bank, provides investment management and trust services from five offices in Lincoln, Knox, Penobscot and Hancock Counties.

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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.

Category: Dividends

Source: The First Bancorp

View source version on businesswire.com:https://www.businesswire.com/news/home/20210930005886/en/

CONTACT: The First Bancorp

Richard M. Elder, EVP, Chief Financial Officer

207-563-3195

rick.elder@thefirst.com

KEYWORD: UNITED STATES NORTH AMERICA MAINE

INDUSTRY KEYWORD: BANKING PROFESSIONAL SERVICES FINANCE

SOURCE: The First Bancorp

Copyright Business Wire 2021.

PUB: 09/30/2021 04:15 PM/DISC: 09/30/2021 04:16 PM

http://www.businesswire.com/news/home/20210930005886/en