Bar Harbor Bankshares (NYSE:BHB) has declared a regular quarterly cash dividend of $0.26 per share of the company’s common stock. The dividend will be payable on June 15, 2010. The record date is set as the close of business on May 18, 2010.
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Bar Harbor reported a record net income of $9.3 million for the year ended December 31, 2009. The company earned a net income of $7.7 million the previous year, showing a $1.6 million, or 20.5% increase in the company’s year-end net income. It’s diluted earnings per share for 2009 was $3.12, $0.55 or 21.4% over 2008.
Bar Harbor Bankshares (BHB) is a bank holding company. The Company has one wholly owned operating subsidiary, Bar Harbor Bank & Trust (the Bank), which offers a range of deposit, loan, and related banking products, as well as brokerage services provided, through a third-party brokerage arrangement. In addition, the Company offers trust and investment management services, through its subsidiary, Bar Harbor Trust Services (Trust Services), a trust company. These products and services are offered to individuals, businesses, not-for-profit organizations and municipalities.
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