EASTON, Md., Nov. 5, 2018 /PRNewswire/ -- Shore
Bancshares, Inc. (NASDAQ: SHBI) (the "Company") announced that the
Board of Directors has declared a quarterly common stock dividend
in the amount of $0.09 per share,
payable November 30, 2018 to
stockholders of record on November
16, 2018.
"We are pleased to announce the continuation of our quarterly
cash dividend and an increase to $0.09 per share." said Lloyd L. "Scott" Beatty,
Jr., President and Chief Executive Officer. "Positive results along
all business lines produced a strong third quarter. We are
pleased to continue sharing our success with our shareholders by
increasing our dividend."
Shore Bancshares Information
Shore Bancshares, Inc. is
a financial holding company headquartered in Easton, Maryland and is the largest
independent bank holding company located on Maryland's Eastern Shore. It is the
parent company of Shore United Bank; one retail insurance producer
firm, The Avon-Dixon Agency, LLC, with two specialty lines, Elliott
Wilson Insurance (Trucking) and Jack Martin Associates (Marine);
and an insurance premium finance company, Mubell Finance,
LLC. Shore Bancshares Inc. engages in trust and wealth
management services through Wye Financial & Trust, a division
of Shore United Bank. Additional information is available at
www.shorebancshares.com.
Additional information is available at
www.shorebancshares.com.
Forward-Looking Statements
The statements contained herein that are not historical facts
are forward-looking statements (as defined by the Private
Securities Litigation Reform Act of 1995) based on management's
current expectations and beliefs concerning future developments and
their potential effects on the Company. Such statements
involve inherent risks and uncertainties, many of which are
difficult to predict and are generally beyond the control of the
Company. There can be no assurance that future developments
affecting the Company will be the same as those anticipated by
management. These statements are evidenced by terms such as
"anticipate," "estimate," "should," "expect," "believe," "intend,"
and similar expressions. Although these statements reflect
management's good faith beliefs and projections, they are not
guarantees of future performance and they may not prove true.
These projections involve risk and uncertainties that could cause
actual results to differ materially from those addressed in the
forward-looking statements. For a discussion of these risks
and uncertainties, see the section of the periodic reports filed by
Shore Bancshares, Inc. with the Securities and Exchange Commission
entitled "Risk Factors".
The Company specifically disclaims any obligation to update any
factors or to publicly announce the result of revisions to any of
the forward-looking statements included herein to reflect future
events or developments.
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SOURCE Shore Bancshares, Inc.