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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): June 17, 2004
FIRST NATIONAL LINCOLN CORPORATION
(Exact name of Registrant as specified in charter)
MAINE
(State or other jurisdiction of incorporation)
0-26589 01-0404322
(Commission file number) (IRS employer identification no.)
Main Street, Damariscotta, Maine 04853
(Address of principal executive offices) (Zip Code)
(207) 563-3195
(Registrant's telephone number, including area code)
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Item 5. Other Events
The Company today issued the following press release:
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First National Lincoln Corporation Declares Dividend
DAMARISCOTTA, Maine -- (BUSINESS WIRE) -- June 17, 2004 -- The Board of
Directors of First National Lincoln Corporation (NASDAQ NM: FNLC), today
declared a quarterly dividend of $0.11 per share. This second-quarter dividend,
which is payable July 30, 2004, to shareholders of record as of July 9, 2004,
represents an increase of 17.9% or $0.017 per share over the second quarter
dividend declared in 2003 of $0.093, after adjusting for the 2004 three-for-one
stock split.
"With this increase, the Company has now raised its dividend for 35 consecutive
quarters," noted Daniel R. Daigneault, FNLC's President & Chief Executive
Officer. "This translates into an annual dividend of $0.44 per share, and based
on today's closing price of $19.00 per share, our dividend yield is 2.32%.
"We began 2004 with a very good first quarter," President Daigneault went on,
"and the Board of Directors views sharing our profits in the form of cash
dividends as important to our Shareholders. After splitting our shares three-
for-one earlier this month, I am pleased that we have continued the trend of
increasing our dividend each quarter and maintaining a generous dividend payout
ratio. For these reasons, I continue to view First National Lincoln Corporation
as an extremely attractive investment alternative."
First National Lincoln Corporation, headquartered in Damariscotta, Maine, is
the holding company for The First National Bank of Damariscotta and Pemaquid
Advisors. The First is an independent community bank serving Mid-Coast Maine
with seven offices in Lincoln and Knox Counties that provide consumer and
commercial banking products and services. Pemaquid Advisors provides investment
advisory and trust services from offices in Damariscotta, Boothbay Harbor and
Portland, Maine.
Forward-looking and cautionary statements: except for the historical
information and discussions contained herein, statements contained in this
release may constitute "forward-looking statements" within the meaning of the
Private Securities Litigation Reform Act of 1995. These statements involve a
number of risks, uncertainties and other factors that could cause actual
results to differ materially, as discussed in the company's filings with the
Securities and Exchange Commission.
For additional information contact F. Stephen Ward, Treasurer & Chief Financial
Officer, at 207.563.3272.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Company has duly caused this report to be filed on its behalf by
the undersigned thereunto duly authorized.
FIRST NATIONAL LINCOLN CORPORATION
By: /s/ F. Stephen Ward
F. Stephen Ward
Treasurer & Chief Financial Officer
June 17, 2004