First Capital, Inc. Declares Quarterly Dividend Increase
![First Capital, Inc. Declares Quarterly Dividend Increase](https://investorshangout.com/images/blog/investors-hangout-newswire.jpg)
First Capital, Inc. Declares Quarterly Dividend Increase
The Board of Directors of First Capital, Inc. (NASDAQ: FCAP) has declared a quarterly cash dividend of $0.29 per share of common stock. This announcement comes directly from Michael C. Frederick, President and Chief Executive Officer of the company. The dividend is set to be paid to shareholders, with a record date determined before the payment date. This recent announcement marks a $0.02 increase per share, equivalent to a 7.4% rise when compared to the previous dividend.
Significance of the Dividend Increase
Michael C. Frederick expressed satisfaction with the increased dividend, highlighting that it reflects First Capital, Inc.'s ongoing profitability and a strong commitment to returning capital to its shareholders. The increase from $0.27 to $0.29 per share illustrates the company's robust financial health and dedication to reward its investors.
About First Capital, Inc.
First Capital, Inc. serves as the holding company for First Harrison Bank, which has established a solid presence in multiple Indiana and Kentucky communities. The bank currently operates eighteen offices, providing essential banking services to local residents. Its branches can be found in various locations, demonstrating the company’s commitment to serving its communities effectively.
Branches and Services
The locations of First Harrison Bank include several communities in Indiana such as Corydon, Edwardsville, Greenville, Floyds Knobs, and New Albany, as well as Kentucky areas like Shepherdsville and Mt. Washington. This extensive network of branches allows the bank to cater to the diverse needs of customers, enhancing accessibility to banking services.
Digital Banking Access
To improve customer convenience, First Harrison Bank offers online banking solutions, enabling account access and electronic bill payments through its website. This feature ensures that customers can manage their finances with ease from anywhere with Internet access, allowing for greater flexibility in handling banking needs.
Contact Information
For further inquiries or financial information, stakeholders can reach out to Joshua Stevens, the Chief Financial Officer, directly by phone. The bank’s commitment to transparency and communication with its shareholders is a cornerstone 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.
About Investors Hangout
Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/
Related Articles
- Imperial Petroleum Inc. to Release Q2 and Six Months Results
- Gabelli Dividend & Income Trust Maintains Monthly Distributions
- Icon Energy Corp. Declares Quarterly Dividend and Financing
- QCR Holdings Appoints New Directors and Declares Dividend
- Ellsworth Growth and Income Fund Declares $0.13 Distribution
- PCI Biotech's First Half 2024 Results Presentation Announcement
- Equinor ASA Announces Dividend for First Quarter 2024
- Mercer International Inc. to Speak at Jefferies 2024 Conference
- Timbercreek Financial Announces Monthly Dividend Payment
- Titanium Transportation Group Announces Quarterly Dividend