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LOWELL, Mass. - Enterprise Bancorp, Inc. (NASDAQ:EBTC), the parent company of Enterprise Bank, announced today that its Board of Directors has approved a quarterly dividend payment. Shareholders of record as of May 12, 2025, will receive a dividend of $0.25 per share on June 2, 2025. The dividend represents a 2.93% yield, reflecting the company’s impressive track record of raising dividends for 20 consecutive years, according to InvestingPro data.
Enterprise Bancorp, Inc., headquartered in Lowell, Massachusetts, operates primarily through its subsidiary, Enterprise Bank. With a market capitalization of $428 million and a P/E ratio of 11.18, the bank focuses on securing deposits from the public and investing in a mix of commercial loans and investment securities. Additionally, it provides a variety of banking services, including commercial, residential, and consumer loan products, deposit accounts, cash management, as well as digital banking solutions. Wealth management and trust services are also part of the bank’s offerings. InvestingPro analysis indicates the stock is currently trading near its Fair Value.
The company serves a primary market area that spans Northern Middlesex, Northern Essex, and Northern Worcester counties in Massachusetts, along with Southern Hillsborough and Southern Rockingham counties in New Hampshire. With a network of 27 full-service branches, Enterprise Bank has a strong presence in the region, catering to the financial needs of its communities. The bank has demonstrated solid financial performance, with revenue growth of 4.53% in the last twelve months and maintains a "FAIR" overall financial health score based on InvestingPro metrics.
This dividend declaration reflects the company’s commitment to providing value to its shareholders and is indicative of its financial health. Dividends are a way for companies to distribute a portion of their earnings back to shareholders, and the announcement of such payments can be a positive signal to the market about a company’s stability and confidence in its financial position. The company has maintained consistent dividend payments for 21 consecutive years, demonstrating its long-term commitment to shareholder returns.
The information provided in this article is based on a press release statement from Enterprise Bancorp, Inc.
In other recent news, Enterprise Bancorp Inc. shareholders have approved a merger with Independent Bank Corp., which was initially announced in December 2024. The decision was made during a virtual meeting, where a majority of votes supported the merger proposal, along with a non-binding advisory vote on executive compensation related to the merger. This merger is expected to enhance the regional reach and services of Independent Bank Corp. Additionally, Enterprise Bancorp has introduced its 2025 Variable Compensation Incentive Plan for employees, including executive officers, as part of its strategy ahead of the anticipated merger completion in the second half of 2025. The plan aims to reward employees based on the bank’s performance and individual achievements, with specific incentive ranges set for key executives. The incentive payouts, capped at 150% of target levels, depend on the bank’s financial performance, and employees are guaranteed their target payout if the merger concludes by the end of 2025. Furthermore, the Board of Directors has approved restricted stock grants for executive officers, with vesting tied to cumulative diluted earnings per share criteria. These developments underscore the bank’s commitment to aligning executive compensation with shareholder interests and long-term performance.
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