DIVIDEND ANNOUNCEMENT: Shore Bancshares Inc. (NASDAQ:SHBI) on 08/05/2020 declared a dividend of $0.1200 per share

Shore Bancshares Inc. (NASDAQ:SHBI) on 08/05/2020 declared a dividend of $ 0.1200 per share payable on August 31, 2020 to shareholders of record as of August 15, 2020.

Shore Bancshares Inc. (NASDAQ:SHBI) has paid dividends since 1998, has a current dividend yield of 5.1336894035% and has increased its dividends for 4 successive years.

Shore Bancshares Inc.'s market cap is $ 117,099,400 and has a PE ratio of 7.60. The stock price closed yesterday at $ 9.35 and has a 52 week low/high of $ 7.63 and $ 17.90.

Shore Bancshares is a financial holding company. Through its subsidiary, Shore United Bank (the Bank), Co. provides commercial banking products and services, including trust, wealth management and financial planning services. The Bank originates secured and unsecured loans for business purposes. Commercial loans are secured by real estate, accounts receivable, inventory, equipment and/or other assets of the business. The Bank's commercial real estate loans are primarily secured by land for residential and commercial development, agricultural purpose properties, service industry buildings such as restaurants and motels, retail buildings and general purpose business space.

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