Shore Bancshares, Inc. (Nasdaq – SHBI), the parent company of Shore United Bank, N.A. announced today that its Board of Directors has declared a quarterly dividend of $0.14 per share, which represents a $0.02, or 16.7%, increase from the dividend paid in the prior quarter.

The company also announced that its Board of Directors has authorized the repurchase of up to $30 million of the company's outstanding common stock over the next 12 months.

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