Banknorth Group Declares Quarterly Dividend.BURLINGTON, Vt.--(BUSINESS WIRE)--Nov. 5, 1998--The 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) board of directors today declared a regular quarterly cash dividend of $.16 per share. The dividend is to be paid on Dec. 4, 1998 to shareholders of record Nov. 20, 1998, according to according to prep. 1. As stated or indicated by; on the authority of: according to historians. 2. In keeping with: according to instructions. 3. William H. Chadwick, president and chief executive officer. The company previously reported net income of $9.1 million, or $.58 diluted earnings per share diluted earnings per share An earnings measure calculated by dividing net income less preferred stock dividends for a period by the average number of shares of common stock that would be outstanding if all convertible securities were converted into shares of , for the third quarter of 1998 -- an increase of 19.5% over 1997. Banknorth Group Inc. is a $3.0 billion financial services company serving customers in Vermont, 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). and Massachusetts. The company offers a full range of banking and financial services through seven community banks, Banknorth Mortgage Company and The Stratevest Group, an asset and investment management company. The Banknorth Group website is located at www.banknorth.com. |
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