First Bancorp, Inc (ME) (NASDAQ:FNLC) Stock to Pay Quarterly Dividend of $0.38

First Bancorp, Inc (ME) (NASDAQ:FNLC) announced a quarterly dividend on Thursday, September 24th. Investors of record on Tuesday, October 6th will be given a dividend of $0.38 per share by the bank on Friday, October 16th. This represents a $1.52 dividend on an annualized basis and a yield of 4.4%. The ex-dividend date of this dividend is Tuesday, October 6th.

First Bancorp, Inc (ME) has raised its dividend by an average of 0.0%annually over the last three years and has increased its dividend annually for the last 6 consecutive years.

First Bancorp, Inc (ME) Stock Performance

FNLC stock traded down $0.01 during midday trading on Friday, hitting $34.19. The stock had a trading volume of 347 shares, compared to its average volume of 26,263. The firm has a market capitalization of $385.66 million, a price-to-earnings ratio of 10.15 and a beta of 0.49. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.12. First Bancorp, Inc has a 52 week low of $24.08 and a 52 week high of $36.30. The stock has a 50-day simple moving average of $34.92 and a 200 day simple moving average of $31.67.

First Bancorp, Inc (ME) (NASDAQ:FNLC) last posted its earnings results on Wednesday, July 22nd. The bank reported $0.85 EPS for the quarter. The business had revenue of $25.82 million during the quarter. First Bancorp, Inc (ME) had a return on equity of 13.30% and a net margin of 21.43%.

About First Bancorp, Inc (ME)

First Bancorp, Inc is a bank holding company headquartered in Damariscotta, Maine. Its principal subsidiary, First National Bank, provides community banking services to individuals, families, businesses and municipal organizations through its branch network and digital banking channels.

The bank’s products and services include checking and savings accounts, certificates of deposit, residential mortgages, consumer loans, commercial real estate financing, business loans and cash-management services.