The Board of Directors of The First Bancorp Sept. 22 declared a quarterly dividend of 23 cents per share. This third-quarter dividend is payable Oct/ 28 to shareholders of record as of Oct. 5, and is equal to the 23 cents per share the company paid in the last quarter. Based on the Sept. 21 closing price of $23.50 per share, the annualized dividend of 92 cents per share translates into a yield of 3.91 percent.

“The company posted record earnings in the second quarter,” noted  President & Chief Executive Officer Tony C. McKim, “and this was the fourth quarter out of the last six quarters to set a new net income record. We feel the combination of strong earnings and a generous dividend payout is very important to our shareholders and that it remains a key component in our total return and the valuation of our shares.”

For more information, contact F. Stephen Ward, the First Bancorp's treasurer and chief financial officer, at 563.3272.