The First Bancorp, Inc. Announces Quarterly Dividend of $0.36 (NASDAQ:FNLC)

The First Bancorp, Inc. (NASDAQ:FNLC) announced a quarterly dividend on Thursday, December 19th,RTT News reports. Investors of record on Monday, January 6th will be given a dividend of 0.36 per share by the bank on Thursday, January 16th. This represents a $1.44 dividend on an annualized basis and a yield of 5.44%.

First Bancorp has increased its dividend payment by an average of 4.2% annually over the last three years.

First Bancorp Price Performance

NASDAQ FNLC opened at $26.49 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 0.37. The firm has a market capitalization of $295.42 million, a P/E ratio of 11.18 and a beta of 0.58. The company has a 50-day moving average price of $27.84 and a 200-day moving average price of $26.32. First Bancorp has a 52 week low of $21.77 and a 52 week high of $31.05.

About First Bancorp

The First Bancorp, Inc operates as the holding company for First National Bank that provides a range of banking products and services to individuals and businesses. It offers various deposit products, including demand, NOW, time, savings, money market, and certificates of deposit accounts. The company also provides commercial loans comprising commercial real estate owner occupied, such as mortgage loans to finance investments in real property such as retail space, offices, industrial buildings, hotels, educational facilities, and other specific or mixed use properties; commercial real estate non-owner occupied loans; commercial construction to finance construction in a mix of owner- and nonowner occupied commercial real estate properties; and commercial and industrial loans, including revolving and term loan for financing working capital and/or capital investment.