Business

Katahdin declares dividend for the second quarter of 2020

HOULTON, Maine – Katahdin Bankshares Corp. (OTCQX: KTHN), parent company of Katahdin Trust Company, announced that it has declared a cash dividend of $0.1185 per share for the second quarter of 2020.

  In making the announcement Jon J. Prescott, Katahdin Trust president and CEO, said it represented a 5.33 increase increase over last year’s second-quarter dividend. The dividend will be payable on June 22, 2020, to shareholders of record as of June 15.

Katahdin Bankshares Corp. is the bank holding company of Katahdin Trust Company, a community bank founded in 1918 and based in Houlton. The company has nearly 180 employees and 16 banking offices that serve Aroostook, Penobscot and Cumberland counties.  

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