TERRE HAUTE, Ind. – First Financial Corporation (NASDAQ: THFF), the holding company for First Financial Bank N.A., has announced a dividend of 45 cents per share, which is scheduled for payment on April 15, 2024, to shareholders who are on record by April 1, 2024. The company also revealed a change in its dividend distribution frequency, moving from semi-annual to quarterly payments going forward.
This strategic shift aims to provide shareholders with more frequent dividend payments, underscoring the company's commitment to delivering shareholder value. The decision to increase the frequency of dividends aligns with First Financial Corporation's financial strategies and reflects its ongoing financial performance and outlook.
First Financial Corporation operates through First Financial Bank N.A., which serves customers in Indiana, Illinois, Kentucky, and Tennessee. The bank offers a variety of financial services and products to its regional customer base, contributing to the economic development of the communities it serves.
The announcement of the dividend payment and the transition to a quarterly distribution schedule is based on a press release statement from First Financial Corporation. This move may be of particular interest to investors and market watchers, as it provides insights into the company's financial health and its approach to shareholder returns.
The corporation has not disclosed further details regarding the financial implications of this change or its long-term dividend policy. Shareholders and potential investors are encouraged to monitor the company's performance and announcements for future insights into its financial strategies and dividend-related decisions.
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