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

The First Bancorp, Inc. (NASDAQ:FNLC) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Shareholders of record on Monday, January 6th will be given a dividend of 0.36 per share by the bank on Thursday, January 16th. This represents a $1.44 dividend on an annualized basis and a yield of 5.31%. The ex-dividend date is Monday, January 6th.

First Bancorp has raised its dividend payment by an average of 4.1% per year over the last three years.

First Bancorp Stock Up 1.8 %

FNLC stock opened at $27.11 on Friday. The company has a debt-to-equity ratio of 0.37, a current ratio of 0.85 and a quick ratio of 0.85. The stock has a market capitalization of $302.33 million, a P/E ratio of 11.44 and a beta of 0.58. First Bancorp has a fifty-two week low of $21.77 and a fifty-two week high of $31.05. The business has a 50-day moving average of $27.98 and a 200-day moving average of $26.62.

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.