First Bancorp As of January 30, 2023 ticker dps (an.) 2023 hike 2022 hike 2021 hike
FNLC $1.36 0.0% 6.2% 3.2%
Business yield Hike yrs 5 yr CAGR freq. paid since
Regional Bank 4.7% 9 7.2% Quarter 1999

First Bancorp (FNLC) on June 30, 2022 announced that it will raise its quarterly dividend by 6.3% to $0.34 per share. This marks the 9th consecutive year of annual dividend increases by the bank holding company. A new annual rate of $1.36 per share yields 4.5% at a stock price of $30.31.

This second quarter dividend is payable July 22, 2022 to shareholders of record as of July 11, 2022. The quarterly cash dividend of 34 cents per share is an increase of 2 cents or 6.25% from the 32 cents per share paid in each of the prior four quarters. Based on the June 29, 2022 closing price of $29.92 per share, the annualized dividend of $1.36 per share translates to a yield of 4.55%.

"The First Bancorp performed very well in 2021 and has continued to do so in 2022 with record earnings reported for the first quarter," remarked President & Chief Executive Officer, Tony C. McKim. "The Board of Directors is committed to sharing the Company's success with our shareholders, and I'm pleased to do so in the form of an increased cash dividend."

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. The Bank provides a full range of consumer and commercial banking products and services. First National Wealth Management, a division of First National Bank, provides investment management and trust services from five offices in Lincoln, Knox, Penobscot and Hancock Counties.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Feb 01 FAST 2.8% 12.9%
Feb 02 BRO 0.8% 0.0%
Feb 02 NSC 2.3% 8.9%
Feb 02 WFC 2.6% 0.0%
Feb 02 LW 1.1% 0.0%
Feb 02 COST 0.7% 0.0%
Feb 03 BKR 2.5% 0.0%
Feb 03 C 3.9% 0.0%
Feb 03 COF 2.1% 0.0%
Feb 06 AWK 1.7% 0.0%