HOULTON, Maine - Katahdin Bankshares Corp. (OTCQX: KTHN), the holding company for Katahdin Trust Company, has declared a quarterly cash dividend of $0.17 per share, marking a 15.1% increase from the dividend paid in the same quarter the previous year. Jon J. Prescott, the President and CEO of Katahdin Trust, announced the dividend will be distributed on March 22, 2024, to shareholders on record as of March 15, 2024.
The increase in the dividend reflects the company's financial performance and its commitment to delivering shareholder value. Katahdin Bankshares Corp., with over $1 billion in assets, operates as a community bank with a history dating back to 1918.
It serves the northern Maine area as well as the larger Bangor and Portland regions through its 16 locations. The company's common stock is traded on the OTC Markets under the ticker KTHN.
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