Bar Harbor Bankshares hikes dividend by 9.1%

Bar Harbor Bankshares (BHB) will raise its quarterly dividend by 9.1 percent to 24 cents per share in 2021. This follows a dividend hike of 10.0 percent to $0.22 per share in the second quarter of 2019. This marks the 18th year of higher dividend payments by the bank holding company.

The quarterly cash dividend is payable to all shareholders of record as of the close of business May 18, 2021 and will be paid on June 18, 2021. The new dividend yield for BHB is 3.3%.

Bar Harbor Bankshares is a bank holding company. The Company's operating subsidiary is a community bank, which offers a range of deposit, loan and related banking products, as well as brokerage services provided through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services.