Wall St futures flat amid US-China trade jitters; bank earnings in focus
DAMARISCOTTA, Maine - First Bancorp (NASDAQ:FNLC), parent company of First National Bank, announced Thursday it will pay a quarterly cash dividend of 37 cents per share for the third quarter of 2025. The company has maintained dividend payments for 27 consecutive years, with increases in the past six years, according to InvestingPro data.
The dividend will be payable on October 16 to shareholders of record as of October 6, according to a press release from the Maine-based financial institution.
First Bancorp President and Chief Executive Officer Tony C. McKim said the company’s board of directors authorized the dividend, which represents an annualized payout of $1.48 per share. Based on the company’s closing share price of $26.49 on September 24, this translates to a yield of 5.59%.
"The dividend continues to be an important component of the Company’s value proposition, and we are pleased to pay out a meaningful distribution to our shareholders," McKim stated.
First Bancorp, headquartered in Damariscotta, Maine, serves as the holding company for First National Bank, which was founded in 1864. The bank operates 18 offices across six Maine counties: Lincoln, Knox, Hancock, Penobscot, Waldo and Washington.
The bank provides consumer and commercial banking products and services, while its division, First National Wealth Management, offers investment management and trust services from five offices in Lincoln, Knox, Penobscot and Hancock Counties.
In other recent news, The First Bancorp announced an increase in its quarterly cash dividend, raising it by one cent to 37 cents per share. This dividend is set to be paid on July 18, 2025, to shareholders who are on record as of July 8, 2025. This marks the 11th consecutive year that the company has raised its second-quarter dividend by at least one cent. The decision reflects the company’s ongoing commitment to returning value to its shareholders. The First Bancorp’s consistent dividend growth could be of interest to investors seeking stable income. This development is part of the company’s broader financial strategies. Such announcements are often closely monitored by investors looking for reliable dividend-paying stocks.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.