Dividend Changes to Know Now: Brown & Brown, Middlesex Water, Bar Harbor Bankshares, Access National, Berkshire Hills Bancorp
Brown & Brown Inc. (NYSE:BRO): Brown & Brown increases dividend 5.9% to 9c from 8.5c. Brown & Brown announced that the Board of Directors at its regularly scheduled meeting on October 23 voted to increase the quarterly cash dividend rate to 9c per share, a 5.9% increase from the current rate of 8.5c per share, with the first payment at the new dividend rate to be made on November 14 to shareholders of record on November 7.
Middlesex Water Co. (NASDAQ:MSEX): Middlesex Water raises dividend to 18.75c from 18.5c. Middlesex Water announced that the company’s Board of Directors has declared a quarterly cash dividend payable on December 3 for shareholders of record as of November 15. The Board of Directors also approved an increase in the company’s quarterly cash dividend from 18.5c to 18.75c per share.
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Bar Harbor Bankshares, Inc. (AMEX:BHB): Bar Harbor Bankshares increases dividend 1.7% to 30c. Bar Harbor Bankshares announced that its board of directors declared a quarterly cash dividend of 30c per share of common stock, representing an increase of .5c, or 1.7%, compared with the prior quarter, and an increase of 2c, or 7.1%, compared with 4Q11. The quarterly cash dividend is payable to all shareholders of record as of the close of business November 16, and will be paid on December 14.
Access National Corp. (NASDAQ:ANCX): Access National raises dividend 33% to 8c from 6c per share. The dividend is payable on November 23 to holders of record as of November 7.
Berkshire Hills Bancorp Inc. (NASDAQ:BHLB): Berkshire Hills Bancorp increases dividend to 18c. The Board of Directors voted to declare a cash dividend of 18c per share to shareholders of record at the close of business on November 8 payable on November 21. This dividend provides a 3.2% yield based on the $22.40 average closing price of Berkshire’s common stock during the Q3. This dividend represents a 35% payout compared to the 52c in core earnings per share recorded during the quarter.
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