Shore Bancshares Inc (SHBI) Increases Dividend to $0.07 Per Share
Shore Bancshares Inc (NASDAQ:SHBI) announced a quarterly dividend on Thursday, November 2nd, Wall Street Journal reports. Stockholders of record on Wednesday, November 15th will be given a dividend of 0.07 per share by the bank on Thursday, November 30th. This represents a $0.28 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date of this dividend is Tuesday, November 14th. This is a boost from Shore Bancshares’s previous quarterly dividend of $0.05.
Shore Bancshares (NASDAQ:SHBI) last posted its quarterly earnings results on Thursday, October 19th. The bank reported $0.27 EPS for the quarter, beating the consensus estimate of $0.25 by $0.02. The business had revenue of $16.75 million during the quarter. Shore Bancshares had a return on equity of 7.26% and a net margin of 17.61%.
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About Shore Bancshares
Shore Bancshares, Inc is a financial holding company. The Company acts as the parent company to several financial institution and insurance entities. The Company has two business segments: Community Banking, and Insurance Products and Services. Its Community Banking segment provides services to consumers and small businesses on the Eastern Shore of Maryland and in Delaware.
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