First Bancorp (FNLC) will raise its quarterly dividend by 4.3 percent to $0.24 per share. This second-quarter dividend is payable July 28, 2017, to shareholders of record as of July 10, 2017.

“The Company posted record annual earnings in 2014, 2015 and 2016 and record quarterly earnings in the first quarter of 2017,” noted the Company’s President & Chief Executive Officer, Tony C. McKim. “The Company’s Board of Directors continues to view it appropriate to share these strong earnings with our shareholders in the form of increased cash dividends. Our generous dividend payout is very important to our shareholders and we recognize that it remains a key component in our total return and the valuation of our shares.”

The First Bancorp, headquartered in Damariscotta, Maine, is the holding company for First National Bank. The Bank provides a full range of consumer and commercial banking products and services. First Advisors, a division of First National Bank, provides investment advisory, private banking and trust services from five offices in Lincoln, Knox, Penobscot and Hancock Counties.