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Shore Bancshares reports quarterly dividend

Shore Bancshares Logo (PRNewsfoto/Shore Bancshares)

Easton-based Shore Bancshares Inc., the parent company of Shore United Bank, announced that the company’s board of directors has declared a quarterly common stock dividend of $0.09 per share, payable Nov. 30 to stockholders of record on Nov. 16.

Shore Bancshares President and CEO Lloyd L. “Scott” Beatty Jr. said the dividend increase was made possible by positive results along all business lines which produced a strong third quarter.

Shore Bancshares is also the parent compamy for retail insurance producer firm The Avon-Dixon Agency LLC, with two specialty lines, Elliott Wilson Insurance (trucking) and Jack Martin Associates (marine); and 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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