The First declares first special dividend since 1998

Dec 29, 2016

Damariscotta — The First Bancorp, parent of First National Bank, Dec. 22 declared a quarterly dividend of 23 centers per share, payable Jan. 31 to shareholders of record as of Jan. 6. The dividend is equal to the 23 cents per share the company paid in the past two quarters. Based on the Dec. 21 closing price of $31.64 per share, the annualized dividend of 92 cents per share translates into a yield of 2.91 percent.

The bank also declared a one-time special dividend of 12 cents per share, also payable Jan. 31 to shareholders of record as of Jan. 6. It is the first special dividend paid by the bank since 1998.

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