The First Bancorp, Inc. Plans Quarterly Dividend of $0.36 (NASDAQ:FNLC)

The First Bancorp, Inc. (NASDAQ:FNLC) declared a quarterly dividend on Friday, March 28th, Wall Street Journal reports. Shareholders of record on Tuesday, April 8th will be paid a dividend of 0.36 per share by the bank on Friday, April 18th. This represents a $1.44 dividend on an annualized basis and a yield of 5.80%. The ex-dividend date is Tuesday, April 8th.

First Bancorp has raised its dividend payment by an average of 4.0% annually over the last three years.

First Bancorp Price Performance

Shares of First Bancorp stock traded down $0.32 on Friday, reaching $24.83. The company’s stock had a trading volume of 9,807 shares, compared to its average volume of 18,179. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The company has a market capitalization of $278.00 million, a P/E ratio of 10.26 and a beta of 0.53. The stock has a 50-day moving average price of $25.53 and a 200-day moving average price of $26.59. First Bancorp has a 52-week low of $21.77 and a 52-week high of $31.05.

First Bancorp (NASDAQ:FNLC) last issued its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.65 EPS for the quarter. First Bancorp had a net margin of 16.37% and a return on equity of 10.90%.

About First Bancorp

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.