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Shore Bancshares reports quarterly dividend

Shore Bancshares Inc. Thursday announced its board of directors declared a quarterly cash dividend on common stock in the amount of $0.12 per share, payable Aug. 31 to stockholders of record on Aug. 15.

Lloyd L. “Scott” Beatty, Jr., president and CEO, said the company reported a healthy second quarter and it remain very well capitalized, despite the COVID-19 pandemic and economic volatility. He added the bank remain focused on supporting our customers and communities as they manage their way through the pandemic.

Shore Bancshares is a financial holding company headquartered in Easton and is the largest independent bank holding company located on Maryland’s Eastern Shore. It is the parent company of Shore United Bank. Shore Bancshares engages in trust and wealth management services through Wye Financial Partners, a division of Shore United Bank.

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