First Capital, Inc. Announces Increase in Quarterly Dividend
The Board of Directors at First Capital, Inc. (NASDAQ: FCAP) has announced a quarterly cash dividend of $0.29 per share for its common stock. This update comes directly from Michael C. Frederick, the President and Chief Executive Officer of the company. Shareholders can expect the dividend to be paid, with a record date to be established prior to the payment date. This announcement signifies a $0.02 increase per share, which translates to a 7.4% rise compared to the previous dividend.
Importance of the Dividend Increase
Michael C. Frederick expressed his satisfaction with the raised dividend, noting that it showcases First Capital, Inc.'s consistent profitability and strong commitment to returning value to its shareholders. The increase from $0.27 to $0.29 per share is a testament to the company’s solid financial performance and its dedication to rewarding its investors.
About First Capital, Inc.
First Capital, Inc. acts as the holding company for First Harrison Bank, which has built a strong presence in several communities across Indiana and Kentucky. The bank operates eighteen branches, offering vital banking services to local residents. Its widespread locations reflect the company’s commitment to effectively serve its communities.
Branches and Services
First Harrison Bank has branches in various Indiana communities, including Corydon, Edwardsville, Greenville, Floyds Knobs, and New Albany, along with locations in Kentucky such as Shepherdsville and Mt. Washington. This extensive branch network enables the bank to meet the diverse needs of its customers, improving access to essential banking services.
Digital Banking Access
To enhance customer convenience, First Harrison Bank provides online banking options, allowing account access and electronic bill payments through its website. This feature ensures that customers can manage their finances easily from anywhere with Internet access, offering greater flexibility in handling their banking needs.
Contact Information
For any inquiries or financial information, stakeholders can directly contact Joshua Stevens, the Chief Financial Officer, by phone. The bank’s commitment to transparency and effective communication with its shareholders is a fundamental aspect of its operational philosophy.
Frequently Asked Questions
What is the new quarterly dividend declared by First Capital, Inc.?
The new quarterly dividend declared by First Capital, Inc. is $0.29 per share of common stock.
How much of an increase is the new dividend from the previous amount?
The new dividend represents an increase of $0.02, or 7.4%, compared to the previous dividend of $0.27.
When will the new dividend be paid?
The dividend will be paid on a specified date to shareholders of record prior to that date.
Who is the Chief Executive Officer of First Capital, Inc.?
The Chief Executive Officer of First Capital, Inc. is Michael C. Frederick.
Where can customers access First Harrison Bank's services?
Customers can access First Harrison Bank’s services through various branch locations in Indiana and Kentucky, as well as online banking through its website.
