Banknorth Directors Vote Quarterly Dividend; 13.5 Cents Per Share Matches Previous Quarter.Business Editors PORTLAND, Maine--(BUSINESS WIRE)--Jan. 22, 2002 Banknorth Group, Inc. (NASDAQ NASDAQ in full National Association of Securities Dealers Automated Quotations U.S. market for over-the-counter securities. Established in 1971 by the National Association of Securities Dealers (NASD), NASDAQ is an automated quotation system that reports on : BKNG) announced today that its Board of Directors has approved a quarterly dividend of 13.5 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. based on earnings for the fourth quarter ended December 31, 2001. The dividend will be paid on February 14, 2002 to shareholders of record on February 4, 2002. "With this dividend we continue our long standing practice of returning approximately 30 percent of earnings to shareholders each quarter," said William J. Ryan, Company Chairman, President and Chief Executive Officer. Banknorth Group, Inc. is a $21.1 billion banking and financial services The examples and perspective in this article or section may not represent a worldwide view of the subject. Please [ improve this article] or discuss the issue on the talk page. company. Its banking subsidiary, Banknorth NA, conducts banking operations through the following divisions: Peoples Heritage Bank in Maine, 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). , Banknorth Massachusetts, Banknorth Vermont, Banknorth Connecticut, and Evergreen Bank in upstate New York Upstate New York is the region of New York State north of the core of the New York metropolitan area. It has a population of 7,121,911 out of New York State's total 18,976,457. Were it an independent state, it would be ranked 13th by population. . The Company and Bank also operate subsidiaries and divisions in money management, investment services, insurance, mortgage banking, leasing, government banking, merchant services and other financial services. |
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