Bar Harbor Bankshares Increases Quarterly Cash Dividend From $0.28 To $0.30 Per Share
Benzinga Newsdesk 2 years ago
NewsDividends
DIVIDEND DECLARED AND STOCK REPURCHASE PLAN APPROVEDThe Board of Directors of the Company (the "Board") voted to declare a cash dividend of $0.30 per share to shareholders at the close of business on May 16, 2024 payable
DIVIDEND DECLARED AND STOCK REPURCHASE PLAN APPROVED
The Board of Directors of the Company (the "Board") voted to declare a cash dividend of $0.30 per share to shareholders at the close of business on May 16, 2024 payable on June 14, 2024. This dividend equates to a 4.53% annualized yield based on the $26.48 closing share price of the Company's common stock on March 28, 2024, the last trading day of the first quarter 2024. Additionally, the Board authorized the repurchase of up to 5% of the Company's outstanding common stock, representing approximately 761,000 shares as of March 31, 2024 under a share repurchase plan (the "Plan"). The Plan is authorized to last no longer than twelve months.