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.

Dividend History for Shore Bancshares (NASDAQ:SHBI)

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