Banknorth Increases Quarterly Dividend.Business Editors PORTLAND, Maine--(BUSINESS WIRE)--July 23, 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 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. based on record earnings for the second quarter ended June 30, 2002. The dividend is 15% higher than the quarterly dividend paid following the second quarter a year ago. The quarterly dividend will be paid on August 12, 2002 to shareholders of record on August 2, 2002. "By increasing the quarterly dividend for the second consecutive quarter, our Board of Directors is maintaining its policy of paying 30% of earnings to shareholders in the form of dividends," said William J. Ryan, Company Chairman, President and Chief Executive Officer. "This is one more means by which we seek to continually create shareholder value." Banknorth Group, Inc. is a $21.3 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. holding company headquartered in Portland, Maine with operations in Connecticut, Maine, Massachusetts, 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). , Vermont and 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. . |
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