Attached files
| file | filename |
|---|---|
| 8-K - 8-K - First Bancorp, Inc /ME/ | a8-k150318divdeclare.htm |
Exhibit 99.1
The First Bancorp Maintains Quarterly Dividend at 21 Cents per Share
DAMARISCOTTA, Maine - (BUSINESS WIRE) - March 19, 2015 - The Board of Directors of The First Bancorp (NASDAQ: FNLC) today declared a quarterly dividend of 21 cents per share. This first-quarter dividend is payable April 30, 2015, to shareholders of record as of April 6, 2015, and is equal to the 21 cents per share the Company has paid in the past three quarters. Based on the March 18, 2015 closing price of $16.72 per share, the annualized dividend of 84 cents per share translates into a yield of 5.02%.
“After posting record earnings in 2014, I am pleased the Board has maintained the quarterly dividend at 21 cents per share,” commented the Company’s President & Chief Executive Officer, Tony C. McKim. “This is consistent with our improved performance over the past two years and we recognize that our generous dividend payout is very important to our shareholders. It remains a key component in our total return and the valuation of our shares.”
The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for The First, N.A. Founded in 1864, The First is an independent community bank serving Mid-Coast and Down East Maine with 16 offices in Lincoln, Knox, Hancock, Penobscot and Washington Counties. The Bank provides a full range of consumer and commercial banking products and services. First Advisors, a division of The First, provides investment advisory, private banking and trust services from four offices in Lincoln, Penobscot and Hancock Counties.
Forward-looking and cautionary statements: except for the historical information and discussions contained herein, statements contained in this release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results and events to differ materially, as discussed in the Company's filings with the Securities and Exchange Commission.
For more information, please contact F. Stephen Ward, the First Bancorp's Treasurer & Chief Financial Officer, at 207.563.3272.