Enterprise Bancorp increases dividend for 21st consecutive year

Enterprise Bancorp has announced a 4,2% dividend hike for the first quarter of 2015, marking the 21st year of dividend increases.

Enterprise Bancorp Inc (NYSE: EBTC) will raise its quarterly dividend from $0,12 to $0,125 per share.

The stock has an indicated dividend yield of 2,3% at a current price of $22.

Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all of its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank. The Company principally is engaged in the business of attracting deposits from the general public and investing in commercial loans and investment securities. Through Enterprise Bank and its subsidiaries, the Company offers a range of commercial and consumer loan products, deposit and cash management products as well as investment advisory and wealth management, and insurance services.

Source: Enterprise Bancorp, Inc.

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