First Farmers Financial Corp. Reports Historic Dividend Increase
First Farmers Financial Corp. Announces Record Dividend Payment
First Farmers Financial Corp. (OTCQX: FFMR), the parent entity of First Farmers Bank & Trust Co., is excited to share the news of a newly declared record cash dividend. This unprecedented dividend of $0.48 per share is set to be distributed to shareholders who are on record by the end of the month.
Details of the Dividend Declaration
The dividend, which represents a 2.1% increase from last year's $0.47, reflects the financial strength and commitment of First Farmers Financial Corp. to rewarding its investors. The approved payment follows a recent Board of Directors meeting, emphasizing the company's steady growth trajectory.
Company Overview and Growth
First Farmers Financial Corp. is a robust financial holding company with a valuation around $3.3 billion, headquartered in Converse, Indiana. With a strong foundation, the company operates through First Farmers Bank & Trust, which serves a diverse customer base across several counties in Indiana and Illinois. The dedicated team at First Farmers is committed to providing quality banking services and fostering strong community relationships.
Key Locations of First Farmers Bank & Trust
First Farmers Bank & Trust boasts numerous branches to serve its clients efficiently. The bank operates in various counties in Indiana, including Carroll, Howard, and Grant, as well as in Illinois counties like Coles and Vermilion. This extensive reach not only supports local residents with banking needs but strengthens the bank's integration into community activities.
Commitment to Shareholders
By declaring a record dividend, First Farmers Financial Corp. emphasizes its ongoing dedication to its shareholders. The management team believes in maintaining strong financial performance while also ensuring that investors are recognized for their confidence in the company. This strategic focus on shareholder value aligns with the core principles of First Farmers Financial Corp.
Looking Ahead
As First Farmers Financial Corp. continues to expand and evolve, the outlook remains optimistic. The commitment to enhancing shareholder value and investing in community initiatives positions the company well for future growth. Investors can expect further advancements as the company implements its strategic plans moving forward.
Frequently Asked Questions
What is the amount of the declared dividend?
The declared dividend is $0.48 per share, representing a record increase for First Farmers Financial Corp.
When will the dividend be paid?
The dividend is scheduled to be paid on October 15, 2024, to shareholders on record as of September 30, 2024.
What was the dividend amount last year?
Last year, the dividend amount was $0.47 per share.
What does it mean for a dividend to increase?
An increase in dividends often reflects a company's strong earnings and commitment to returning profits to shareholders, signaling positive financial health.
Where can I find more information about First Farmers Financial Corp.?
For further details, investors can follow First Farmers Financial Corp. through their official channels and reports available on the OTC Markets Group.
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