The First Bancorp, Inc. (NASDAQ:FNLC) to Issue $0.36 Quarterly Dividend

The First Bancorp, Inc. (NASDAQ:FNLC) announced a quarterly dividend on Thursday, March 27th, Wall Street Journal reports. Stockholders of record on Tuesday, April 8th will be given a dividend of 0.36 per share by the bank on Friday, April 18th. This represents a $1.44 annualized dividend and a dividend yield of 5.89%. The ex-dividend date of this dividend is Tuesday, April 8th.

First Bancorp has increased its dividend by an average of 4.0% annually over the last three years.

First Bancorp Price Performance

NASDAQ FNLC opened at $24.44 on Friday. The company has a market cap of $273.63 million, a PE ratio of 10.10 and a beta of 0.48. The firm’s 50 day moving average price is $25.38 and its 200-day moving average price is $26.51. The company has a debt-to-equity ratio of 0.37, a quick ratio of 0.85 and a current ratio of 0.85. First Bancorp has a 52-week low of $21.77 and a 52-week high of $31.05.

First Bancorp (NASDAQ:FNLC) last announced its earnings results on Wednesday, January 22nd. The bank reported $0.65 earnings per share (EPS) for the quarter. First Bancorp had a return on equity of 10.90% and a net margin of 16.37%.

About First Bancorp

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.