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HOULTON, Maine - Katahdin Bankshares Corp. (OTCQX: KTHN), the holding company for Katahdin Trust Company, has declared a quarterly cash dividend of $0.2025 per share, marking a 15.7% increase from the dividend issued in the first quarter of the previous year. This dividend is scheduled to be paid on March 21, 2025, to shareholders who are on record as of March 14, 2025. According to InvestingPro data, the company currently offers a 3% dividend yield and trades at an attractive P/E ratio of 9.5x.
The announcement reflects the company’s performance and commitment to delivering shareholder value. Katahdin Bankshares Corp. has a history dating back to 1918 and operates as a community bank with 16 locations across Maine. The bank’s assets exceed $1.08 billion, demonstrating its significant presence in the regional banking sector. With a market capitalization of $74.58 million and a return on equity of 9%, the company maintains a solid financial position in its market.
Katahdin Bankshares Corp. trades on the OTC Markets under the ticker symbol KTHN. The company’s strategic financial management has allowed it to consistently provide dividends to its shareholders, which is often a sign of financial health and stable earnings. InvestingPro analysis reveals that KTHN has maintained dividend payments for 19 consecutive years and has raised its dividend for 7 straight years, with several more key insights available to subscribers.
The increased dividend payout is based on a press release statement from Katahdin Bankshares Corp. and is a key piece of information for investors and market watchers. It’s important to note that while the dividend increase is a positive development for shareholders, it does not necessarily guarantee future performance or dividend growth.
Investors in Katahdin Bankshares Corp. can view this dividend as a tangible return on their investment, but should also consider the overall market conditions and the company’s long-term performance when making investment decisions. The bank’s commitment to maintaining a strong financial position is evident in its ability to raise the dividend, which can be seen as a positive indicator to shareholders and potential investors.
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