SHBI raises its quarterly payout to $0.14, marking a 16.7% increase from the previous $0.12 dividend.
Shore Bancshares announced a 16.7% increase in its quarterly dividend to $0.14 per share, up from $0.12. The move reflects the company’s confidence in sustained earnings growth and capital position.
The prior dividend stood at $0.12, with the new payout yielding 2.81% on a forward basis. The dividend is payable June 17 to shareholders of record as of June 3, with an ex-dividend date set for June 3.
The increase follows a period of stable financial performance and aligns with the bank’s strategy to enhance shareholder returns.