Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, retail, and wealth management banking services. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit. The company also provides commercial real estate loans, such as multi-family, commercial construction and land development, and other commercial real estate classes; commercial and industrial loans, including loans to commercial and agricultural businesses, and tax exempt entities; residential real estate loans consists of mortgages for 1-4 family housing; and consumer loans comprises home equity loans, lines of credit, auto, and other installment lending. In addition, it provides life insurance, annuity, and retirement products, as well as financial planning services; and third-party investment and insurance services. Further, the company offers trust and estate administration, wealth advisory, and investment management services to individuals, businesses, not-for-profit organizations, and municipalities; and 401K plan, financial, estate and charitable planning, investment management, family office, municipal, and tax services. It operates 53 locations across Maine, New Hampshire, and Vermont. The company was founded in 1887 and is based in Bar Harbor, Maine.
Bar Harbor Bankshares Dividend Announcement
• Bar Harbor Bankshares announced a quarterly dividend of $0.30 per ordinary share which will be made payable on 2024-12-13. Ex dividend date: 2024-11-14
• Bar Harbor Bankshares annual dividend for 2024 was $1.18
• Bar Harbor Bankshares annual dividend for 2023 was $1.10
• Bar Harbor Bankshares's trailing twelve-month (TTM) dividend yield is 3.64%
• Bar Harbor Bankshares's payout ratio for the trailing twelve months (TTM) is 40.34%
• Bar Harbor Bankshares's dividend growth over the last five years (2018-2023) was 6.93% year
• Bar Harbor Bankshares's dividend growth over the last ten years (2013-2023) was -1.27% year
Bar Harbor Bankshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | $0.30 | quarterly | 2024-12-13 |
2024-08-15 | $0.30 | quarterly | 2024-09-13 |
2024-05-15 | $0.30 | quarterly | 2024-06-14 |
2024-02-14 | $0.28 | quarterly | 2024-03-15 |
2023-11-15 | $0.28 | quarterly | 2023-12-15 |
2023-08-15 | $0.28 | quarterly | 2023-09-15 |
2023-05-15 | $0.28 | quarterly | 2023-06-16 |
2023-02-15 | $0.26 | quarterly | 2023-03-16 |
2022-11-15 | $0.26 | quarterly | 2022-12-16 |
2022-08-15 | $0.26 | quarterly | 2022-09-16 |
2022-05-16 | $0.26 | quarterly | 2022-06-17 |
2022-02-16 | $0.24 | quarterly | 2022-03-17 |
2021-11-16 | $0.24 | quarterly | 2021-12-17 |
2021-08-16 | $0.24 | quarterly | 2021-09-17 |
2021-05-17 | $0.24 | quarterly | 2021-06-18 |
2021-02-17 | $0.22 | quarterly | 2021-03-18 |
2020-11-17 | $0.22 | quarterly | 2020-12-18 |
2020-08-17 | $0.22 | quarterly | 2020-09-18 |
2020-05-15 | $0.22 | quarterly | 2020-06-18 |
2020-02-14 | $0.22 | quarterly | 2020-03-18 |
2019-11-12 | $0.22 | quarterly | 2019-12-13 |
2019-08-12 | $0.22 | quarterly | 2019-09-13 |
2019-05-13 | $0.22 | quarterly | 2019-06-14 |
2019-02-14 | $0.20 | quarterly | 2019-03-15 |
2018-11-13 | $0.20 | quarterly | 2018-12-14 |
2018-08-13 | $0.20 | quarterly | 2018-09-14 |
2018-05-11 | $0.20 | quarterly | 2018-06-14 |
2018-02-14 | $0.19 | quarterly | 2018-03-15 |
2017-11-14 | $0.19 | quarterly | 2017-12-15 |
2017-08-11 | $0.19 | quarterly | 2017-09-15 |
2017-05-11 | $0.19 | quarterly | 2017-06-15 |
2017-02-13 | $0.28 | quarterly | 2017-03-15 |
2016-11-09 | $0.28 | quarterly | 2016-12-15 |
2016-08-11 | $0.28 | quarterly | 2016-09-15 |
2016-05-12 | $0.27 | quarterly | 2016-06-15 |
2016-02-10 | $0.27 | quarterly | 2016-03-15 |
2015-11-10 | $0.26 | quarterly | 2015-12-15 |
2015-08-12 | $0.26 | quarterly | 2015-09-15 |
2015-05-13 | $0.25 | quarterly | 2015-06-15 |
2015-02-11 | $0.24 | quarterly | 2015-03-13 |
2014-11-12 | $0.23 | quarterly | 2014-12-15 |
2014-08-13 | $0.23 | quarterly | 2014-09-15 |
2014-05-23 | $0.22 | quarterly | 2014-06-13 |
2014-02-12 | $0.33 | quarterly | 2014-03-14 |
2013-11-13 | $0.32 | quarterly | 2013-12-13 |
2013-08-13 | $0.32 | quarterly | 2013-09-13 |
2013-05-13 | $0.31 | quarterly | 2013-06-14 |
2013-02-13 | $0.30 | quarterly | 2013-03-15 |
Bar Harbor Bankshares Dividend per year
Bar Harbor Bankshares Dividend growth
Bar Harbor Bankshares Dividend Yield
Bar Harbor Bankshares current trailing twelve-month (TTM) dividend yield is 3.64%. Interested in purchasing Bar Harbor Bankshares stock? Use our calculator to estimate your expected dividend yield:
Bar Harbor Bankshares Financial Ratios
Bar Harbor Bankshares Dividend FAQ
Other factors to consider when evaluating Bar Harbor Bankshares as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: Bar Harbor Bankshares's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, Bar Harbor Bankshares publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, Bar Harbor Bankshares distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from Bar Harbor Bankshares are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: Bar Harbor Bankshares sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, Bar Harbor Bankshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bar Harbor Bankshares declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of Bar Harbor Bankshares's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review Bar Harbor Bankshares's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.