Katahdin Bankshares Corp. operates as the bank holding company for Katahdin Trust Company, a state-chartered commercial bank that provides a range of commercial and retail banking services for individuals and businesses in Maine. It provides various deposit products comprising checking and savings accounts, money market and NOW accounts, certificates of deposit, individual retirement accounts, and Coverdell education savings accounts. The company also offers mortgage, construction, homebuyer, home equity, rural development, and personal loans; and business loans and lines of credit comprising business term, municipal, and small business administration loans, as well as business mortgages, business letters of credit, agency guaranteed programs. In addition, it provides online and telephone banking, bill payment, and e-check deposit, reorder checks, money and wire transfer, debit and credit cards, gift cards, ATMs, and merchant services. Further, the company offers equipment financing services in the trucking, construction, forest products, and marine industries; and securities and insurance products. It operates 16 full-service branches in northern Maine, greater Bangor, and Portland regions. The company was founded in 1918 and is based in Patten, Maine.
Katahdin Bankshares Dividend Announcement
• Katahdin Bankshares announced a quarterly dividend of $0.17 per ordinary share which will be made payable on 2024-09-20. Ex dividend date: 2024-09-13
• Katahdin Bankshares annual dividend for 2024 was $0.52
• Katahdin Bankshares annual dividend for 2023 was $0.61
• Katahdin Bankshares's trailing twelve-month (TTM) dividend yield is 3.51%
• Katahdin Bankshares's dividend growth over the last five years (2018-2023) was 7.17% year
• Katahdin Bankshares's dividend growth over the last ten years (2013-2023) was 4.43% year
Katahdin Bankshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-13 | $0.17 | quarterly | 2024-09-20 |
2024-06-14 | $0.17 | quarterly | 2024-06-21 |
2024-03-14 | $0.17 | quarterly | 2024-03-22 |
2023-12-14 | $0.15 | quarterly | 2023-12-22 |
2023-09-14 | $0.15 | quarterly | 2023-09-22 |
2023-06-15 | $0.15 | quarterly | 2023-06-23 |
2023-03-16 | $0.15 | quarterly | 2023-03-24 |
2022-12-15 | $0.14 | quarterly | 2022-12-23 |
2022-09-15 | $0.14 | quarterly | 2022-09-23 |
2022-06-15 | $0.14 | quarterly | 2022-06-23 |
2022-03-16 | $0.14 | quarterly | 2022-03-24 |
2021-12-15 | $0.12 | quarterly | 2021-12-23 |
2021-09-15 | $0.12 | quarterly | 2021-09-23 |
2021-06-15 | $0.12 | quarterly | 2021-06-23 |
2021-03-15 | $0.12 | quarterly | 2021-03-23 |
2020-12-15 | $0.12 | quarterly | 2020-12-23 |
2020-09-14 | $0.12 | quarterly | 2020-09-22 |
2020-06-12 | $0.12 | quarterly | 2020-06-22 |
2020-03-12 | $0.12 | quarterly | 2020-03-20 |
2019-12-12 | $0.11 | quarterly | 2019-12-20 |
2019-09-12 | $0.11 | quarterly | 2019-09-20 |
2019-06-13 | $0.11 | quarterly | 2019-06-21 |
2019-03-14 | $0.11 | quarterly | 2019-03-22 |
2018-12-12 | $0.11 | quarterly | 2018-12-20 |
2018-09-12 | $0.11 | quarterly | 2018-09-20 |
2018-06-14 | $0.11 | quarterly | 2018-06-22 |
2018-03-14 | $0.11 | quarterly | 2018-03-22 |
2017-12-13 | $0.10 | quarterly | 2017-12-21 |
2017-09-14 | $0.10 | quarterly | 2017-09-22 |
2017-06-14 | $0.10 | quarterly | 2017-06-23 |
2017-03-15 | $0.10 | quarterly | 2017-03-24 |
2016-12-07 | $0.10 | quarterly | |
2016-09-07 | $0.10 | quarterly | |
2016-06-08 | $0.10 | quarterly | |
2016-03-08 | $0.10 | quarterly | |
2015-12-07 | $0.10 | quarterly | |
2015-09-04 | $0.10 | quarterly | |
2015-06-05 | $0.10 | quarterly | |
2015-03-12 | $0.10 | quarterly | |
2014-12-05 | $0.10 | quarterly | |
2014-09-05 | $0.10 | quarterly | |
2014-06-09 | $0.10 | quarterly | |
2014-03-06 | $0.10 | quarterly | |
2013-12-05 | $0.10 | quarterly | |
2013-09-05 | $0.10 | quarterly | |
2013-06-06 | $0.10 | quarterly | |
2013-03-07 | $0.10 | quarterly |
Katahdin Bankshares Dividend per year
Katahdin Bankshares Dividend growth
Katahdin Bankshares Dividend Yield
Katahdin Bankshares current trailing twelve-month (TTM) dividend yield is 3.51%. Interested in purchasing Katahdin Bankshares stock? Use our calculator to estimate your expected dividend yield:
Katahdin Bankshares Financial Ratios
Katahdin Bankshares Dividend FAQ
Other factors to consider when evaluating Katahdin 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: Katahdin 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, Katahdin 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, Katahdin 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 Katahdin 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: Katahdin 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, Katahdin 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: Katahdin 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 Katahdin 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 Katahdin 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.