HOULTON, Maine — Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, announced that it has declared a cash dividend of $0.1075 per share for the first quarter of 2018.
Jon J. Prescott, Katahdin Trust president and CEO, said the dividend is a 7.5 percent increase over last year’s first-quarter dividend. The dividend will be payable March 22 to all shareholders of record as of March 15.
The corporation also declared a cash dividend on its preferred stock Series D of $54.6875 per share for the first quarter of 2018. The preferred stock Series D dividend will be payable April 15 to shareholders of record as of April 5.
