Why Bar Harbor Bankshares (BHB) is a Top Dividend Stock for Your Portfolio

Company Overview - Bar Harbor Bankshares (BHB) is located in Bar Harbor and operates within the Finance sector, with a year-to-date share price change of 9.16% [3] - The company currently pays a dividend of $0.3 per share, resulting in a dividend yield of 3.6%, which is significantly higher than the Banks - Northeast industry's yield of 2.51% and the S&P 500's yield of 1.52% [3] Dividend Performance - The annualized dividend of Bar Harbor Bankshares is $1.20, reflecting a 1.7% increase from the previous year [4] - Over the past five years, the company has increased its dividend four times, achieving an average annual increase of 7.72% [4] - The current payout ratio stands at 42%, indicating that the company distributes 42% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - Earnings growth for Bar Harbor Bankshares appears solid, with the Zacks Consensus Estimate for 2025 projected at $2.84 per share, representing a 0.35% increase from the previous year [5] Investment Appeal - Bar Harbor Bankshares is considered a compelling investment opportunity due to its attractive dividend yield and strong Zacks Rank of 2 (Buy) [7] - The company is positioned well for income investors, as dividends can enhance stock investing profits and reduce overall portfolio risk [6]