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

The First Bancorp, Inc. (NASDAQ:FNLC) declared a quarterly dividend on Thursday, December 19th,RTT News reports. Stockholders of record on Monday, January 6th will be paid a dividend of 0.36 per share by the bank on Thursday, January 16th. This represents a $1.44 annualized dividend and a dividend yield of 5.44%.

First Bancorp has increased its dividend by an average of 4.2% per year over the last three years.

First Bancorp Stock Performance

Shares of FNLC stock opened at $26.49 on Friday. The company’s 50-day moving average is $27.84 and its 200 day moving average is $26.32. The company has a market capitalization of $295.42 million, a price-to-earnings ratio of 11.18 and a beta of 0.58. First Bancorp has a one year low of $21.77 and a one year high of $31.05. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.85 and a current ratio of 0.85.

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.