First National Lincoln Corporation Declares Dividend.DAMARISCOTTA, Maine Damariscotta is a town in Lincoln County, Maine, United States. The population was 2,041 at the 2000 census. A popular tourist resort area, the towns of Damariscotta and Newcastle are linked by the Main Street bridge over the Damariscotta River, forming the "Twin Villages. -- The Board of Directors of First National Lincoln Corporation (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 NM: FNLC FNLC First National Lincoln Corporation ), yesterday declared a quarterly dividend of 14.0 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. . This fourth-quarter dividend, which is payable January 31, 2006, to shareholders of record as of January 9, 2006, represents an increase of 16.7% or 2.0 cents per share over the fourth-quarter dividend declared in 2004 of 12.0 cents per share. "With this increase of 0.5 cents per share over this year's third-quarter dividend of 13.5 cents per share, the Company has now raised its dividend for 41 consecutive quarters," noted Daniel R. Daigneault, FNLC's President & Chief Executive Officer. "This translates into an annual dividend of 56.0 cents per share, and based on yesterday's closing price of $17.25 per share, our dividend yield is 3.25%. "We continue to post very strong operating results," President Daigneault went on, "as evidenced by our third quarter and year-to-date numbers. This is especially noteworthy in a year in which we have integrated two banks after our acquisition of Bar Harbor Bar Harbor, town (1990 pop. 2,768), SE Maine, on Mount Desert Island and on Frenchman Bay; settled 1763, inc. 1796. It was a famed New England resort during the 19th cent. Bar Harbor is a port of entry, with ferry connections to Yarmouth, N.S., during the summer. Bankshares in January. At the same time, we have continued the trend of increasing our dividend each quarter, and our dividend yield is higher than that of many other companies. For these reasons, I continue to view First National Lincoln Corporation as an extremely attractive investment alternative." First National Lincoln Corporation, headquartered in Damariscotta, Maine, is the bank holding company for The First, N.A. and First Advisors. The First is an independent community bank serving Midcoast and Downeast Maine with fourteen offices in Lincoln, Knox, Hancock and Washington Counties that provide consumer and commercial banking products and services. First Advisors provides investment advisory and trust services from four offices in Damariscotta, Bar Harbor, Boothbay Harbor and Brunswick, Maine. Forward-looking and cautionary statements: except for the historical information and discussions contained herein, statements contained in this release may constitute "forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. " within the meaning of the Private Securities Litigation Reform Act The Private Securities Litigation Reform Act of 1995 (PSLRA) implemented several significant substantive changes affecting certain cases brought under the federal securities laws, including changes related to pleading, discovery, liability, class representation and awards fees and of 1995. These statements involve a number of risks, uncertainties and other factors that could cause actual results to differ materially, as discussed in the company's filings with the Securities and Exchange Commission. |
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