The First Bancorp, Inc.
FNLCFinancial Services · Stock · quarterly payer
Forward Yield
4.32%
Annual Dividend
$1.52
Payout Ratio
55%
5-Yr Growth
3.7%
Ex-Date
Jul 7, 2026
Frequency
Quarterly
Summary
As of September 2026, The First Bancorp, Inc. (FNLC) yields 4.32% ($1.52 per share annually), with a blended fair-value estimate of $68.60 — +95% upside, so it screens as undervalued. Dividend safety grade: A (93/100). 7 years of dividend growth.
Is FNLC a good dividend stock?
YesThe First Bancorp, Inc. (FNLC) pays a quarterly dividend yielding 4.32% ($1.52/yr), with 7 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Never cut its dividend on record
- Comfortable payout ratio (55%)
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 4.32%
- Payout Ratio
- 55%
- Annual Dividend
- $1.52
- 5-Yr Avg Growth
- 3.7%
- Ex-Dividend Date
- Jul 7, 2026
- Years of Growth
- 7
- Frequency
- quarterly
- Beta
- 0.47
- Market Cap
- $392.6M
- P/E Ratio
- 10.3
- 5-Yr Total Return
- 19%
- 52-Week Range
- $24.08 – $36.30
- Dividend Safety
- A · 93/100
- Ever Cut?
- No
Frequently Asked Questions
FNLC Price — Last 12 Months
Daily close
Price Return
1 Year
+42%
3 Years
+50%
5 Years
+19%
52-Week Range
$24.08 – $36.30
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FNLC worth?
Undervaluedlow confidenceOur blended fair-value estimate for The First Bancorp, Inc. is $68.60 per share, versus a market price of $35.18. That implies 95% of upside — a margin of safety of about 49%.
Fair Value
$68.60
Current Price
$35.18
Upside
+95%
Margin of Safety
49%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -2.0% annual free-cash-flow growth. We model 10.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.0% discount rate (CAPM), 10.0% stage-1 growth, 2.5% terminal growth, $3.37 EPS, $1.52 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FNLC Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jul 7, 2026 | — | $0.3800 | regular |
| Apr 7, 2026 | — | $0.3700 | regular |
| Jan 6, 2026 | — | $0.3700 | regular |
| Oct 6, 2025 | — | $0.3700 | regular |
| Jul 8, 2025 | — | $0.3700 | regular |
| Apr 8, 2025 | — | $0.3600 | regular |
| Jan 6, 2025 | — | $0.3600 | regular |
| Oct 8, 2024 | — | $0.3600 | regular |
| Jul 9, 2024 | — | $0.3600 | regular |
| Apr 8, 2024 | — | $0.3500 | regular |
| Jan 5, 2024 | — | $0.3500 | regular |
| Oct 6, 2023 | — | $0.3500 | regular |
| Jul 7, 2023 | — | $0.3500 | regular |
| Apr 6, 2023 | — | $0.3400 | regular |
Income Calculator
At $1.52 / yr per share
