Shore Bancshares, Inc. (NASDAQ:SHBI) to Issue Quarterly Dividend of $0.10

Shore Bancshares, Inc. (NASDAQ:SHBI) announced a quarterly dividend on Wednesday, August 7th, Fidelity reports. Stockholders of record on Saturday, August 17th will be given a dividend of 0.10 per share by the bank on Friday, August 30th. This represents a $0.40 dividend on an annualized basis and a dividend yield of 2.63%. The ex-dividend date of this dividend is Thursday, August 15th.

Shore Bancshares has raised its dividend by an average of 100.0% per year over the last three years and has increased its dividend every year for the last 3 years.

Shares of NASDAQ:SHBI opened at $15.21 on Friday. Shore Bancshares has a 1 year low of $12.95 and a 1 year high of $19.40. The stock’s fifty day moving average price is $16.01 and its 200-day moving average price is $15.64. The company has a debt-to-equity ratio of 0.10, a current ratio of 1.00 and a quick ratio of 0.99. The company has a market cap of $198.08 million, a P/E ratio of 8.03 and a beta of 0.52.

Separately, ValuEngine raised Shore Bancshares from a “sell” rating to a “hold” rating in a report on Monday, April 29th.

Shore Bancshares Company Profile

Shore Bancshares, Inc operates as a bank holding company for the Shore United Bank that provides various commercial banking products and services to individuals, businesses, and other organizations. It offers various deposit products, including checking, savings, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services.

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Dividend History for Shore Bancshares (NASDAQ:SHBI)

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