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Shore Bancshares to issue quarterly dividend

shore-bancsharesEaston-based Shore Bancshares, Inc. announced Thursday its board of directors has declared a quarterly common stock dividend of 8 cents per share, payable Aug. 31 to stockholders of record on Aug. 18.

Company President and CEO L. “Scott” Beatty, Jr, said the bank’s 2018 second-quarter results met analysts’ expectations of 34 cents per share and expects Shore Bancshares to  see strong loan growth to continue heading into the final half of 2018.

Shore Bancshares is a financial holding company and is the largest independent bank holding company 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.

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