Link:
https://beststocks.com/bar-harbor-bankshares-inc-reports-strong-q1-e/Declared a dividend, as well.
From the Call:
"...Mr. Simard concluded, “Despite the ongoing macroeconomic uncertainty and potential impacts from a weakened economic condition as elevated inflation levels are tampered, we have positioned the Company for the long-term benefit to our customers and shareholders which has once again enabled us to
increase our dividend per share by almost 8%. We are also extremely honored and proud to be recognized by Forbes as one of the “World’s Best Banks” in the first quarter of 2023, based largely on service and trust metrics. Of the 75 U.S.-based banks to make the list, Bar Harbor Bank & Trust is one of only three banks headquartered in Northern New England..."
DIVIDEND DECLARED
The Board of Directors of the Company voted to declare a cash dividend of
$0.28 per share to shareholders of record at the close of business on May 16, 2023 payable on June 16, 2023. This dividend equates to a
4.23% annualized yield based on the $26.45 closing share price of the Company’s common stock on March 31, 2023, the last trading day of the first quarter 2023.
Comments
Gotta be lagging because of the knock-on effect from the rest of the bad bank publicity in the news. Buy Buy Buy!