Katahdin Bankshares declares USD 0.1075 dividend.

Date:	Jun 8, 2018
Words:	195
Publication:	M2 Banking & Credit News (BCN)

BANKING AND CREDIT NEWS-June 8, 2018-Katahdin Bankshares declares USD 0.1075 dividend

Katahdin Bankshares Corp. (OTCQX: KTHN) has announced that it has declared a cash dividend of USD 0.1075 per share for the second quarter of 2018, the company said.

In making the announcement Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 7.5% increase over last year's second quarter dividend. The dividend will be payable on June 22, 2018 to all shareholders of record as of June 15, 2018.

Katahdin Bankshares Corp. also declared a cash dividend on its preferred stock Series D of USD 54.6875 per share for the second quarter of 2018. The preferred stock Series D dividend will be payable on July 15, 2018 to shareholders of record as of July 5, 2018.

Katahdin Bankshares Corp., parent company of Katahdin Trust company, has nearly USD 800 million in assets and 180 employees. The Bank offers financial services to individuals and businesses from sixteen offices throughout Maine and a full range of online and mobile banking solutions.

((Comments on this story may be sent to [email protected]))