Salisbury Bancorp, Inc. Plans Quarterly Dividend of $0.28 (SAL)

Salisbury Bancorp, Inc. (NASDAQ:SAL) declared a quarterly dividend on Monday, April 29th, Wall Street Journal reports. Shareholders of record on Friday, May 17th will be paid a dividend of 0.28 per share by the bank on Friday, May 31st. This represents a $1.12 dividend on an annualized basis and a dividend yield of 2.67%. The ex-dividend date of this dividend is Thursday, May 16th.

Salisbury Bancorp has a payout ratio of 37.7% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Salisbury Bancorp to earn $3.59 per share next year, which means the company should continue to be able to cover its $1.12 annual dividend with an expected future payout ratio of 31.2%.

Shares of NASDAQ SAL opened at $41.93 on Wednesday. Salisbury Bancorp has a fifty-two week low of $33.20 and a fifty-two week high of $48.44. The company has a market cap of $108.72 million, a price-to-earnings ratio of 12.25 and a beta of 0.57. The company has a quick ratio of 1.04, a current ratio of 1.03 and a debt-to-equity ratio of 0.74.

In related news, Director Michael D. Gordon sold 1,250 shares of the firm’s stock in a transaction that occurred on Tuesday, March 12th. The shares were sold at an average price of $43.00, for a total transaction of $53,750.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 13.23% of the stock is owned by company insiders.

Several equities research analysts recently weighed in on the stock. ValuEngine raised shares of Salisbury Bancorp from a “sell” rating to a “hold” rating in a research report on Tuesday. FIG Partners reissued an “outperform” rating on shares of Salisbury Bancorp in a research report on Tuesday, April 30th.

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Salisbury Bancorp Company Profile

Salisbury Bancorp, Inc operates as the bank holding company for Salisbury Bank and Trust Company that provides commercial banking, consumer financing, retail banking, and trust and wealth advisory services. It offers various retail and commercial deposit products. The company also provides loans, such as residential and commercial real estate loans; construction loans; commercial loans; and consumer loans, including home equity loans and lines of credit, and auto and personal installment loans.

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Dividend History for Salisbury Bancorp (NASDAQ:SAL)

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