Bar Harbor Bankshares (NYSE:BHB) to Issue Dividend of $0.32

Bar Harbor Bankshares (NYSE:BHB) announced a dividend on Tuesday, May 13th, investing.com reports. Stockholders of record on Friday, May 16th will be given a dividend of 0.32 per share on Friday, June 13th. This represents a dividend yield of 4.15%. The ex-dividend date is Thursday, May 15th.

Bar Harbor Bankshares has raised its dividend payment by an average of 7.9% annually over the last three years and has increased its dividend annually for the last 22 consecutive years. Bar Harbor Bankshares has a dividend payout ratio of 39.4% meaning its dividend is sufficiently covered by earnings.

Bar Harbor Bankshares Price Performance

BHB stock traded up $0.15 on Tuesday, reaching $31.02. The company’s stock had a trading volume of 3,345 shares, compared to its average volume of 43,713. Bar Harbor Bankshares has a 52 week low of $24.48 and a 52 week high of $38.47. The firm has a market capitalization of $475.13 million, a price-to-earnings ratio of 10.88 and a beta of 0.69.

Wall Street Analysts Forecast Growth

Separately, StockNews.com assumed coverage on Bar Harbor Bankshares in a report on Thursday, May 8th. They set a “hold” rating on the stock.

About Bar Harbor Bankshares

Bar Harbor Bankshares operates as the holding company for Bar Harbor Bank & Trust that provides commercial, lending, retail, and wealth management banking services. It accepts various deposit products, including interest-bearing and non-interest-bearing demand accounts, savings accounts, time deposits, and money market deposit accounts, as well as certificates of deposit.