Image courtesy of HarborOne Bank.

HarborOne Bancorp will pay its first shareholder dividend in July, a year after going fully public.

The board of directors for the Brockton-based bank has declared a quarterly cash dividend of $0.03 per share to be paid on July 28. The dividend will be paid to shareholders of record as of the close of business on July 14.

HarborOne completed a partial initial public offering in 2016 and took the entire corporation public last summer.

“This dividend reflects our board’s commitment to delivering long-term shareholder value following the completion of our second-step conversion and our continued belief in our company,” HarborOne CEO James Blake said in a statement.

HarborOne had about $4 billion in total assets as of March 31 and 25 branches in Eastern Massachusetts and Rhode Island. A subsidiary of the bank, HarborOne Mortgage, has more than 30 offices in Massachusetts, Rhode Island, New Hampshire, Maine, New Jersey and Florida. Two new mortgage offices opened in Chelsea and Danvers this spring, and the bank’s first full-service branch in Boston opened last November.

“Our strong and consistent financial performance enables us to initiate a quarterly cash dividend while maintaining sufficient capital to support our strategic growth initiatives,” Joseph F. Casey, HarborOne’s president and chief operating officer, said in a statement.

The bank in the first quarter had more than doubled its earnings compared to last year, with net income of $4.7 million, or $0.09 per basic and diluted share, compared to $2.1 million, or $0.04 per basic and diluted share, for the same period last year. Fourth quarter net income was $4.3 million, or $0.08 per basic and diluted share.