Bar Harbor Bankshares (BHB) to Issue Quarterly Dividend of $0.19 on December 15th

Bar Harbor Bankshares (NYSE:BHB) announced a quarterly dividend on Thursday, October 19th, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be paid a dividend of 0.1867 per share by the financial services provider on Friday, December 15th. This represents a $0.75 dividend on an annualized basis and a dividend yield of 2.69%. The ex-dividend date is Tuesday, November 14th.

Bar Harbor Bankshares has raised its dividend payment by an average of 9.4% per year over the last three years and has raised its dividend annually for the last 7 consecutive years. Bar Harbor Bankshares has a payout ratio of 23.3% meaning its dividend is sufficiently covered by earnings.

Shares of Bar Harbor Bankshares (NYSE BHB) opened at $27.77 on Monday. Bar Harbor Bankshares has a 12 month low of $24.96 and a 12 month high of $33.41.

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In related news, Director Stephen R. Theroux acquired 2,545 shares of the stock in a transaction dated Friday, September 8th. The stock was bought at an average cost of $25.73 per share, for a total transaction of $65,482.85. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen W. Ensign sold 3,300 shares of the firm’s stock in a transaction dated Friday, October 27th. The stock was sold at an average price of $31.26, for a total value of $103,158.00. Following the transaction, the director now owns 50,655 shares of the company’s stock, valued at $1,583,475.30. The disclosure for this sale can be found here. Insiders have bought 5,975 shares of company stock valued at $157,902 over the last 90 days.

Separately, TheStreet upgraded Bar Harbor Bankshares from a “c+” rating to a “b” rating in a research report on Monday, October 16th.

About Bar Harbor Bankshares

Bar Harbor Bankshares is a bank holding company. The Company’s operating subsidiary, Bar Harbor Bank & Trust (the Bank), is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services through its second tier subsidiary, Bar Harbor Trust Services, a Maine chartered non-depository trust company.

Dividend History for Bar Harbor Bankshares (NYSE:BHB)

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