Katahdin Bankshares Corp. announced that it has declared a cash dividend of $0.152 per share for the first quarter of 2023. In making the announcement, Jon J. Prescott, Katahdin Trust President & CEO, stated that it represented a 10.1% increase over last year's first quarter dividend.

The dividend will be payable on March 24, 2023, to shareholders of record as of March 17, 2023.