First Capital, Inc. Increases Dividends for Shareholders
First Capital, Inc. (NASDAQ: FCAP) has officially announced an uplifting change in its dividend policy. The Board of Directors has approved a quarterly cash dividend that will amount to $0.31 per share. This news is warmly welcomed by shareholders, emphasizing the company’s steady growth and commitment to rewarding its investors.
Details of the Dividend Declaration
The declared dividend will be distributed on September 26 to all shareholders who are on record as of September 12. This increase marks a $0.02 rise, or 6.9%, over the previous dividend announced in June. According to Michael C. Frederick, President and CEO, the increase is a testament to the company’s ongoing profitability.
Commitment to Shareholders
Mr. Frederick expressed his satisfaction with the decision, stating that the increase signifies First Capital, Inc.'s dedication to delivering value to their shareholders. This move is a reflection of the company’s solid performance and its promise to enhance shareholder returns.
Understanding First Capital, Inc.
First Capital, Inc. operates as the holding company for First Harrison Bank. This banking institution serves a wide network of communities across Indiana and parts of Kentucky. With seventeen physical branches, First Harrison Bank offers local banking services and is committed to serving its customers effectively.
Branch Locations
Some of the notable locations include Corydon, Floyds Knobs, and Charlestown in Indiana, as well as Shepherdsville and Mt. Washington in Kentucky. This accessibility makes banking convenient for local residents.
Digital Banking Services
In today’s technology-driven world, First Harrison Bank provides digital access to its services. Customers can manage their accounts online, ensuring they can perform banking tasks anytime, anywhere. This digital approach not only enhances convenience but also aligns with the evolving preferences of banking customers.
Investor Relations
For those interested in diving deeper into the financial health of First Capital, Inc., more information and financial data can be found under the Investor Relations section of First Harrison Bank’s website. This transparency allows investors to gauge the company's performance and strategies effectively.
Contact Information
For further inquiries, Joshua Stevens, the Chief Financial Officer, is available to provide insights. He can be reached at 812-738-1570 for any shareholder questions or investment-related discussions.
Frequently Asked Questions
What is the new dividend amount declared by First Capital, Inc.?
The new quarterly dividend amount is $0.31 per share, representing a 6.9% increase from the previous dividend.
When will the dividend be paid out?
The dividend will be paid on September 26 to shareholders recorded as of September 12.
Who is the CEO of First Capital, Inc.?
Michael C. Frederick serves as the President and Chief Executive Officer of First Capital, Inc.
How many locations does First Harrison Bank have?
First Harrison Bank operates seventeen branches across several communities in Indiana and Kentucky.
How can customers access their bank accounts?
Customers can access their accounts through online banking services, allowing them to manage their finances conveniently via the internet.
