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HOULTON, Maine - Katahdin Bankshares Corp. (OTCQX: KTHN), the holding company for Katahdin Trust Company, has declared a cash dividend for the second quarter of 2025 at $0.2025 per share. This payout, scheduled for June 20 to shareholders on record by June 13, marks a 15.7% hike from the dividend distributed in the same quarter of the previous year. According to InvestingPro data, the bank has maintained dividend payments for 20 consecutive years, with a current yield of 3.33%. The company has raised its dividend for seven consecutive years, demonstrating its commitment to shareholder returns.
The community bank, which has been operational since 1918, operates 16 locations and boasts assets exceeding $1.08 billion. With a market capitalization of $77.25 million and a P/E ratio of 8.75, the bank has demonstrated steady growth with revenue increasing by 2.26% over the last twelve months. Katahdin Bankshares Corp.’s common stock is traded on the OTC Markets Group’s OTCQX Best Market under the ticker symbol KTHN, with its current market price trading close to InvestingPro’s Fair Value estimate.
The dividend increase is a significant move for the bank, reflecting its financial health and commitment to shareholder returns. The announcement is based on a press release statement from Katahdin Trust Company. Unlock more insights about KTHN’s financial performance with InvestingPro, which offers additional exclusive tips and comprehensive analysis.
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