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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): September 25, 2003
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 --(MARKET WIRE)-- September 25, 2003 -- The Board of
Directors of First National Lincoln Corporation (NASDAQ NM: FNLC), today
declared a quarterly dividend of $0.29 per share. This third quarter dividend,
which is payable October 31, 2003, to shareholders of record as of October 9,
2003, represents an increase of 16.0% or $0.04 per share over the third quarter
dividend declared in 2002.
"The Company has now raised its dividend for 32 consecutive quarters with this
increase of $0.01 to $0.29 per share," noted Daniel R. Daigneault, FNLC's
President & Chief Executive Officer. "This translates into an annual dividend
of $1.16 per share, and based on today's closing price of $42.57 per share, our
dividend yield is 2.7%.
"I feel that our excellent dividend yield continues to be a major factor in the
strong performance of our stock this year," President Daigneault added, "with
FNLC's shares trading up $11.09 or 35.2% since December 31, 2002, based upon
the year-end closing price of $31.48 per share and today's closing price of
$42.57 per share. The recent change in tax-treatment of dividends is certainly
positive for companies like ours with a healthy dividend yield, especially
given the current record-low interest rate environment. When combined with our
continued strong earnings performance, I 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 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
September 25, 2003