Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.175 per share for the first quarter of 2024. In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 15.1% increase over last year's first quarter dividend.

The dividend will be payable on March 22, 2024, to shareholders of record as of March 15, 2024.