First Bancorp Declares 12th Consecutive Q2 Dividend Increase to $0.38/Share
FNLC sits 41% above its 52-week low of $24.08 on elevated volume (1.9× avg).
Summary
First Bancorp declared a quarterly cash dividend of $0.38 per share, an increase of one cent, marking the 12th consecutive year of a second-quarter dividend raise.
Key Events · Financing and Capital Events · FNLC
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Quarterly Cash Dividend Increased
The company declared a cash dividend of $0.38 per share, payable July 17, 2026, to shareholders of record as of July 7, 2026. This represents a one-cent increase from the prior four quarters.
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12th Consecutive Annual Increase
This dividend increase marks the 12th consecutive year the company has raised its second-quarter dividend by at least one cent, highlighting a consistent commitment to shareholder returns.
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Attractive Annualized Yield
Based on a recent closing price of $34.10, the annualized dividend of $1.52 per share represents an attractive yield of 4.46% for investors.
Analysis · FNLC · Finance
First Bancorp announced a quarterly cash dividend increase, marking its 12th consecutive year of raising the second-quarter dividend. This consistent increase, coupled with an attractive annualized yield of 4.46%, demonstrates the company's commitment to returning capital to shareholders and reflects a stable financial position, especially following strong Q1 2026 earnings.
At the time of this filing, FNLC was trading at $34.05 on NASDAQ in the Finance sector, with a market capitalization of approximately $383.9M. The 52-week trading range was $24.08 to $34.50. This filing was assessed with positive market sentiment and an importance score of 7 out of 10.