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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): December 20, 2002
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)--Dec. 20, 2002--The Board of Directors of
First National Lincoln Corporation (NASDAQ NM: FNLC), yesterday declared a
quarterly dividend of $0.26 per share. This fourth quarter dividend, which is
payable January 31, 2003, to shareholders of record as of January 6, 2003,
represents an increase of 18.2% or $0.04 per share over the fourth quarter
dividend declared in 2001.
"The Company has now raised its dividend for twenty-nine consecutive quarters
with this increase of $0.01 to $0.26 per share," noted Daniel R. Daigneault,
FNLC's President & Chief Executive Officer. "This translates into an annual
dividend of $1.04 per share, and based on today's closing price of $29.81 per
share, our dividend yield is 3.5%.
"The Company continues to post strong financial performance," President
Daigneault added, "and this is evidenced by our year-to-date earnings per
share, which are up 17.5% for the first nine months of 2002. I am pleased that
we are able to share these strong earnings with our shareholders, especially
since dividends are becoming increasingly important to investors given the
generally poor equity returns seen in the broad market during the past two
years. Our shareholders, however, have been doubly fortunate in 2002. In
addition to the current 3.5% dividend yield, FNLC's shares have traded up $7.71
or 34.9% over the December 31, 2001 close, based upon today's closing price of
$29.81 per share."
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 207.563.3195.
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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
December 20, 2002