First Bancorp (FNLC) will raise its quarterly dividend by 3.4 percent to $0.30 per share in 2019. This marks the 6th consecutive year of annual dividend increases by the bank holding company.

The next dividend is payable July 31, 2019, to shareholders of record as of July 10, 2019. A new annual rate of $1.20 yields 4.7% at a stock price of $25.73.

"In 2018, The First Bancorp reported its fifth consecutive year of record earnings. This positive trend continued with an 11.8% year to year increase for the first quarter of 2019" noted President & Chief Executive Officer, Tony C. McKim. “The Company's Board of Directors continues to view it appropriate to share these strong results with our shareholders in the form of increased cash dividends.”

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.