Enterprise Bancorp declared a quarterly dividend of $0.25 per share, payable on March 3, 2025.
Quiver AI Summary
Enterprise Bancorp, Inc. announced on January 21, 2025, that its Board of Directors has declared a quarterly dividend of $0.25 per share, scheduled for payment on March 3, 2025, to shareholders who are on record as of February 10, 2025. The company, primarily operating through Enterprise Bank and Trust Company, focuses on attracting deposits and providing commercial loans and investment securities. Enterprise Bank offers a variety of financial services, including loan and deposit products, electronic banking, wealth management, and trust services. The bank operates 27 full-service branches across various communities in Massachusetts and New Hampshire, with its headquarters located in Lowell, Massachusetts.
Potential Positives
- The declaration of a quarterly dividend reflects the company's commitment to returning value to shareholders.
- The dividend payment indicates financial stability and positive performance, which may enhance investor confidence.
- Enterprise Bancorp is expanding its customer base and services through its numerous branches, potentially increasing market share and revenue.
Potential Negatives
- The announcement of a quarterly dividend of $0.25 per share may signal limited financial flexibility or growth prospects, as companies often reduce or forego dividends when they face economic challenges or are looking to reinvest profits for expansion.
- No significant initiatives or strategic plans were mentioned in the press release, which could indicate a lack of forward momentum or vision from the company.
- The press release lacks specific financial performance metrics or comparisons to previous periods, which may raise concerns among investors about transparency or current financial health.
FAQ
What is the quarterly dividend declared by Enterprise Bancorp, Inc.?
The Board declared a quarterly dividend of $0.25 per share.
When will the dividend be paid to shareholders?
The dividend will be paid on March 3, 2025.
What is the record date for the dividend payment?
The record date for the dividend payment is February 10, 2025.
Where is Enterprise Bancorp, Inc. headquartered?
The Company is headquartered at 222 Merrimack Street, Lowell, Massachusetts.
What services does Enterprise Bank offer?
Enterprise Bank provides commercial, residential, consumer loans, deposit products, and wealth management services.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
LOWELL, Mass., Jan. 21, 2025 (GLOBE NEWSWIRE) -- Enterprise Bancorp, Inc. (the "Company") (NASDAQ:EBTC)
On January 21, 2025, the Board of Directors of Enterprise Bancorp, Inc. declared a quarterly dividend of $0.25 per share to be paid on March 3, 2025, to shareholders of record as of February 10, 2025.
Enterprise Bancorp, Inc. is a Massachusetts corporation that conducts substantially all its operations through Enterprise Bank and Trust Company, commonly referred to as Enterprise Bank. Enterprise Bank is principally engaged in the business of attracting deposits from the general public and investing in commercial loans and investment securities. Through Enterprise Bank and its subsidiaries, the Company offers a range of commercial, residential and consumer loan products, deposit products and cash management services, electronic and digital banking options, as well as wealth management, and trust services. The Company's headquarters and Enterprise Bank's main office are located at 222 Merrimack Street in Lowell, Massachusetts. The Company's primary market area is the Northern Middlesex, Northern Essex, and Northern Worcester counties of Massachusetts and the Southern Hillsborough and Southern Rockingham counties in New Hampshire. Enterprise Bank has 27 full-service branches located in the Massachusetts communities of Acton, Andover, Billerica (2), Chelmsford (2), Dracut, Fitchburg, Lawrence, Leominster, Lexington, Lowell (2), Methuen, North Andover, Tewksbury (2), Tyngsborough and Westford and in the New Hampshire communities of Derry, Hudson, Londonderry, Nashua (2), Pelham, Salem and Windham.
Contact Info: Joseph R. Lussier, Executive Vice President, Chief Financial Officer and Treasurer (978) 656-5578
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