The First Bancorp, Inc. (NASDAQ:FNLC) Announces $0.36 Quarterly Dividend

The First Bancorp, Inc. (NASDAQ:FNLC) announced a quarterly dividend on Friday, March 28th, Wall Street Journal reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.36 per share by the bank on Friday, April 18th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 5.80%. The ex-dividend date is Tuesday, April 8th.

First Bancorp has increased its dividend payment by an average of 4.0% annually over the last three years.

First Bancorp Price Performance

Shares of NASDAQ:FNLC traded down $0.32 during midday trading on Friday, reaching $24.83. 9,807 shares of the company’s stock traded hands, compared to its average volume of 18,052. The company has a fifty day simple moving average of $25.50 and a two-hundred day simple moving average of $26.59. First Bancorp has a 1 year low of $21.77 and a 1 year high of $31.05. The company has a market cap of $278.00 million, a P/E ratio of 10.26 and a beta of 0.53. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.85 and a current ratio of 0.85.

First Bancorp (NASDAQ:FNLC) last posted its quarterly earnings data on Wednesday, January 22nd. The bank reported $0.65 earnings per share (EPS) for the quarter. First Bancorp had a net margin of 16.37% and a return on equity of 10.90%.

First Bancorp Company Profile

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.