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Bar Harbor Bankshares (BHB) has shared an announcement.
On April 18, 2024, the company revealed a strategic financial move, announcing a quarterly cash dividend of $0.30 per share, payable in June, alongside the authorization of a stock repurchase plan targeting up to 5% of its outstanding common stock. The repurchase plan is flexible, with no obligation to buy back a specific number of shares and the ability to halt or end it at any time. Share buybacks will be executed based on market conditions and other pertinent factors, with the company’s Board of Directors holding the power to adjust or stop the plan as they see fit.
For a thorough assessment of BHB stock, go to TipRanks’ Stock Analysis page.
