Bank of New Hampshire increases cash dividend.MANCHESTER Manchester, city, England Manchester (măn`chəstər, –chĕs'tər), city and metropolitan district (1991 pop. 397,400), NW England, on the Irwell, Medlock, Irk, and Tib rivers. , N.H.--(BUSINESS WIRE)--July 26, 1995--Bank of New Hampshire New Hampshire, one of the New England states of the NE United States. It is bordered by Massachusetts (S), Vermont, with the Connecticut R. forming the boundary (W), the Canadian province of Quebec (NW), and Maine and a short strip of the Atlantic Ocean (E). Corp. today announced that the company's board of directors has voted to increase its quarterly dividend from 15 cents per share Cents per share The amount of a mutual fund's dividend or capital gains distributions that a shareholder will receive for each share owned. to 18 cents per share. On an annualized annualized Of or relating to a variable that has been mathematically converted to a yearly rate. Inflation and interest rates are generally annualized since it is on this basis that these two variables are ordinarily stated and compared. basis, Bank of New Hampshire Corp.'s dividend rate is now 72 cents per share. The dividend will be paid Sept. 15, 1995, to shareholders of record as of Sept. 1, 1995. Davis P. Thurber, chairman, commenting on the increase in the dividend rate noted that, "This increase represents the third time in the past year our dividend has been adjusted upward and is reflective Refers to light hitting an opaque surface such as a printed page or mirror and bouncing back. See reflective media and reflective LCD. of our recently reported record second quarter earnings." Thurber also noted that the earnings for the second quarter translated into an annualized return on average assets of 1.42 percent, an all-time high for the company. Bank of New Hampshire Corp. is the parent company of Bank of New Hampshire, the largest independent bank in the state with 29 banking offices throughout the southern, central, coastal and lakes regions of New Hampshire. CONTACT: Bank of New Hampshire, Manchester Gregory D. Landroche or Paul R. Shea, 603/695-3000 |
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