CONVERSE, IN - First Farmers Financial Corp. (OTCQX Banks: FFMR), the holding company for First Farmers Bank & Trust Co., has declared a record quarterly cash dividend of $0.48 per share, marking a 4.3% increase from the previous year's dividend. The dividend is payable on April 15, 2024, to shareholders on record as of March 29, 2024.
This announcement comes as the latest in a series of shareholder returns by the Converse, Indiana-based financial holding company, which reported a dividend of $0.46 per share in March 2023. First Farmers Financial Corp. oversees a portfolio that amounts to approximately $3.0 billion and operates a network of offices across multiple counties in Indiana and Illinois.
The company's shares are traded on the OTC Markets Group's OTCQX exchange, providing investors with an opportunity to participate in the financial institution's performance. The increase in the dividend reflects the company's financial growth and commitment to providing value to its shareholders.
Investors and market watchers often view dividend announcements as indicators of a company's financial health and management's confidence in future earnings. Dividend increases can attract income-focused investors and potentially influence the stock's performance on the market.
First Farmers Financial Corp.'s latest dividend declaration is based on a press release statement from the company. The information provided is intended for shareholders and the financial community to stay informed about significant corporate financial decisions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.