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Harbor Bankshares Corporation provides various banking services in Maryland. The company offers personal checking, savings and investment, cards, individual retirement plans, certificate of deposits, mortgages, loans and lines of credit, online banking, bill pay, mobile banking, E-statement, telebanc, and interest rate services. It also provides business loans, remote deposit, positive pay, cash management, and merchant services. In addition, the company offers personal, home equity, installment, and VIP loans; home equity and overdraft lines of credit. Further, the company provides brokerage and insurance products. The company operates through six branch locations primarily serves the Baltimore, Maryland Metropolitan area. Harbor Bankshares Corporation was founded in 1982 and is based in Baltimore, Maryland.

Harbor Bankshares Dividend Announcement

• Harbor Bankshares announced a annually dividend of $1.00 per ordinary share which will be made payable on 2024-05-08. Ex dividend date: 2024-04-29
• Harbor Bankshares annual dividend for 2024 was $1.00
• Harbor Bankshares annual dividend for 2023 was $0.25
• Harbor Bankshares's trailing twelve-month (TTM) dividend yield is 7.94%
• Harbor Bankshares's payout ratio for the trailing twelve months (TTM) is 4.46%

Harbor Bankshares Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-04-29$1.00annually2024-05-08
2023-05-26$0.25annually2023-06-07

Harbor Bankshares Dividend per year

Harbor Bankshares Dividend Yield

Harbor Bankshares current trailing twelve-month (TTM) dividend yield is 7.94%. Interested in purchasing Harbor Bankshares stock? Use our calculator to estimate your expected dividend yield:

Harbor Bankshares Financial Ratios

P/E ratio2.15
PEG ratio0.09
P/B ratio0.16
ROE7.72%
Payout ratio4.46%
Current ratio0.29
Quick ratio0.29
Cash Ratio-0.01

Harbor Bankshares Dividend FAQ

Does Harbor Bankshares stock pay dividends?
Harbor Bankshares does not currently pay dividends to its shareholders.
Has Harbor Bankshares ever paid a dividend?
No, Harbor Bankshares has no a history of paying dividends to its shareholders. Harbor Bankshares is not known for its dividend payments.
Why doesn't Harbor Bankshares pay dividends?
There are several potential reasons why Harbor Bankshares would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Harbor Bankshares ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Harbor Bankshares has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Harbor Bankshares a dividend aristocrat?
Harbor Bankshares is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Harbor Bankshares a dividend king?
Harbor Bankshares is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Harbor Bankshares a dividend stock?
No, Harbor Bankshares is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Harbor Bankshares stocks?
To buy Harbor Bankshares you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Harbor Bankshares stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.