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First Bancorp (First Bancorp) 3-Year Dividend Growth Rate : 4.20% (As of Dec. 2023)


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What is First Bancorp 3-Year Dividend Growth Rate?

First Bancorp's Dividends per Share for the three months ended in Dec. 2023 was $0.35.

The historical rank and industry rank for First Bancorp's 3-Year Dividend Growth Rate or its related term are showing as below:

FNLC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -2   Med: 9   Max: 43.8
Current: 4.2

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of First Bancorp was 43.80% per year. The lowest was -2.00% per year. And the median was 9.00% per year.

FNLC's 3-Year Dividend Growth Rate is ranked worse than
66.58% of 775 companies
in the Banks industry
Industry Median: 7.4 vs FNLC: 4.20

During the past 12 months, First Bancorp's average Dividends Per Share Growth Rate was -16.30% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.20% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 8.10% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 6.50% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

First Bancorp's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.58. As of today, First Bancorp's Dividend Yield % is 6.21%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of First Bancorp's 3-Year Dividend Growth Rate

For the Banks - Regional subindustry, First Bancorp's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


First Bancorp's 3-Year Dividend Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, First Bancorp's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where First Bancorp's 3-Year Dividend Growth Rate falls into.



First Bancorp 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


First Bancorp  (NAS:FNLC) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

First Bancorp's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.35/ 0.6
=0.58

During the past 13 years, the highest Dividend Payout Ratio of First Bancorp was 0.63. The lowest was 0.29. And the median was 0.52.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

First Bancorp Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3502024-04-082024-04-092024-04-19Cash DividendquarterlyUSD:USD 1.000000
USD 0.3502024-01-052024-01-082024-01-19Cash DividendquarterlyUSD:USD 1.000000
USD 0.3502023-10-062023-10-102023-10-20Cash DividendquarterlyUSD:USD 1.000000
USD 0.3502023-07-072023-07-102023-07-20Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

First Bancorp's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.4/22.55
=6.21 %

Current Share Price is $22.55.
First Bancorp's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.4.

During the past 13 years, the highest Dividend Yield of First Bancorp was 8.03%. The lowest was 2.72%. And the median was 4.40%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


First Bancorp 3-Year Dividend Growth Rate Related Terms>


First Bancorp (First Bancorp) Business Description

Traded in Other Exchanges
N/A
Address
223 Main Street, Damariscotta, ME, USA, 04543
First Bancorp Inc is a Damariscotta-based bank holding company providing a range of retail and commercial banking services including deposit accounts and consumer, commercial and mortgage loans. The company provides investment management and private banking services through an operating division of the bank. Its revenues are generally derived from dividends paid to the company by the bank.
Executives
Stuart G Smith director P O BOX 940, DAMARISCOTTA ME 045430940
Robert B Gregory director P O BOX 940, DAMARISCOTTA ME 045430940
Sarah Tolman officer: EVP - CBO PO BOX 940, DAMARISCOTTA ME 04543
Kimberly Swan director PO BOX 940, DAMARISCOTTA ME 04543
Susan A Norton officer: VP - HR and Compliance P O BOX 940, DAMARISCOTTA ME 045430940
Mark N Rosborough director PO BOX 940, DAMARISCOTTA ME 04543
Renee W Kelly director PO BOX 940, DAMARISCOTTA ME 04543
Russell Cornelius J director PO BOX 940, DAMARISCOTTA MD 04543
Jonathan W Nicholson officer: EVP - Chief Lending Officer PO BOX 940, DAMARISCOTTA ME 04543
Tony C Mckim director, officer: President & CEO PO BOX 940, DAMARISCOTTA ME 04543
Peter C Nicholson officer: EVP - Chief Fiduciary Officer PO BOX 940, DAMARISCOTTA ME 04543
Tammy L Plummer officer: EVP - CIO PO BOX 940, DAMARISCOTTA ME 04543
Charles A Wooton officer: Clerk, SVP - Banking Services P O BOX 940, DAMARISCOTTA ME 045430940
Steven Parady officer: Chief Fiduciary Officer PO BOX 940, DAMARISCOTTA ME 04543
Katherine M Boyd director P O BOX 940, DAMARISCOTTA ME 045430940