Shore Bancshares, Inc. (NASDAQ:SHBI) announced a quarterly dividend on Friday, February 2nd, Wall Street Journal reports. Investors of record on Thursday, February 15th will be paid a dividend of 0.07 per share by the bank on Wednesday, February 28th. This represents a $0.28 annualized dividend and a yield of 1.63%. The ex-dividend date is Wednesday, February 14th.
Shares of Shore Bancshares (NASDAQ:SHBI) opened at $17.20 on Tuesday. Shore Bancshares has a 1 year low of $15.17 and a 1 year high of $19.30. The firm has a market cap of $218.62, a price-to-earnings ratio of 17.76 and a beta of 0.24.
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About Shore Bancshares
Shore Bancshares, Inc is a financial holding company. The Company acts as the parent company to several financial institution and insurance entities. The Company has two business segments: Community Banking, and Insurance Products and Services. Its Community Banking segment provides services to consumers and small businesses on the Eastern Shore of Maryland and in Delaware.
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