Dividend Information about The First Bancorp: Key Insights Before Ex-Dividend Date on Jul 8, 2025

The First Bancorp (FNLC) has announced a dividend of $0.370 per share, with an ex-dividend date set for Jul 8, 2025, and a dividend payment date of Jul 18, 2025. This recent dividend is higher than the company's previous dividend of $0.360 per share on Apr 18, 2025. The dividend type for both payouts is cash dividend. The average of the last ten dividends per share was $0.231, which is lower compared to the current dividend. The announcement date for this dividend was Jun 26, 2025.

Recently, The First Bancorp, Inc. (NASDAQ:FNLC) announced an increase in its dividend to $0.37, reflecting a 2.8% rise from last year’s $0.36. This positions the annual payment at 5.5% of the stock price, surpassing industry averages. Analysis indicates that the company's dividend is well-covered by earnings, with a payout ratio of 57% based on the latest earnings report. The company has a strong dividend history, consistently paying out for at least ten years. Over the past decade, annual dividends have grown from $0.84 to $1.44, representing a 5.5% annual growth rate. However, with EPS growth flat over the last five years at 1.0% annually, future dividend growth may be challenging without increased earnings. Despite this, First Bancorp is considered an attractive income stock due to its solid track record and sustainable dividend payments.

In recent developments, First Bancorp’s share price has moved above its 200-day moving average during recent trading sessions. The company reported quarterly earnings of $0.63 per share, with a return on equity of 11.09% and a net margin of 16.60%. These figures underscore First Bancorp's solid financial health, as indicated by analysts. Furthermore, the bank remains a key player in the financial sector, continuing its longstanding commitment to consistent dividend payouts.

In conclusion, The First Bancorp is maintaining its reputation as a stable dividend-paying company, appealing to investors seeking reliable income. As a reminder, the ex-dividend date is Jul 8, 2025, and this is the final day for investors to purchase shares to qualify for the upcoming dividend. Any purchases made after this date will not be eligible for this dividend payout.