Salisbury Bancorp, Inc. (SAL) Declares $0.28 Quarterly Dividend

Salisbury Bancorp, Inc. (NASDAQ:SAL) announced a quarterly dividend on Monday, January 29th, Wall Street Journal reports. Investors of record on Friday, February 9th will be given a dividend of 0.28 per share by the bank on Friday, February 23rd. This represents a $1.12 annualized dividend and a yield of 2.49%. The ex-dividend date is Thursday, February 8th.

Shares of Salisbury Bancorp (SAL) traded down $0.15 during trading on Monday, hitting $45.05. The stock had a trading volume of 1,641 shares, compared to its average volume of 2,547. The firm has a market cap of $125.92, a PE ratio of 20.27 and a beta of 0.69. Salisbury Bancorp has a fifty-two week low of $37.30 and a fifty-two week high of $50.00. The company has a current ratio of 0.99, a quick ratio of 0.99 and a debt-to-equity ratio of 0.38.

Salisbury Bancorp (NASDAQ:SAL) last issued its earnings results on Friday, October 27th. The bank reported $0.60 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.65 by ($0.05). Salisbury Bancorp had a return on equity of 7.82% and a net margin of 14.13%. research analysts forecast that Salisbury Bancorp will post 3.09 earnings per share for the current fiscal year.

In other news, Director Charles M. Andola sold 800 shares of Salisbury Bancorp stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $45.66, for a total transaction of $36,528.00. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Michael D. Gordon sold 892 shares of Salisbury Bancorp stock in a transaction that occurred on Friday, November 24th. The shares were sold at an average price of $45.25, for a total transaction of $40,363.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 2,357 shares of company stock worth $107,614. Insiders own 19.14% of the company’s stock.

SAL has been the topic of several recent research reports. Zacks Investment Research upgraded Salisbury Bancorp from a “sell” rating to a “hold” rating in a report on Saturday, December 2nd. ValuEngine cut Salisbury Bancorp from a “buy” rating to a “hold” rating in a report on Friday, December 15th.

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Salisbury Bancorp Company Profile

Salisbury Bancorp, Inc is a bank holding company for Salisbury Bank and Trust Company (the Bank). The Bank is a Connecticut-chartered and Federal Deposit Insurance Corporation (the FDIC) insured commercial bank. The Bank provides commercial banking, consumer financing, retail banking and trust and wealth advisory services through a network of over 10 banking offices and approximately nine automated teller machines (ATMs).

Dividend History for Salisbury Bancorp (NASDAQ:SAL)

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