By Connor Hart
Bar Harbor Bankshares increased its dividend to 32 cents from 30 cents.
The new payout, equal to $1.28 a year, represents an annual yield of about 4.4% based on Thursday's closing price of $28.98.
The higher dividend will be paid June 13 to shareholders of record as of May 15, the parent of Bar Harbor Bank & Trust said.
Bar Harbor raised its dividend as it logged net income of $10.2 million, or 66 cents a share, in the first quarter, compared with net income of $11 million, or 72 cents a share, a year earlier. Adjusted per-share earnings came in at 68 cents.
Write to Connor Hart at connor.hart@wsj.com
(END) Dow Jones Newswires
April 17, 2025 17:52 ET (21:52 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
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