First Bancorp Announces Cash Dividend

Rhea-AI Summary

The Board of Directors of First Bancorp (NASDAQ - FBNC) declared a cash dividend of $0.20 per share, marking an 11.1% increase from the previous $0.18 paid in 2020. This dividend is payable on July 25, 2021, to shareholders of record as of June 30, 2021. First Bancorp, headquartered in Southern Pines, North Carolina, has total assets of approximately $7.7 billion and operates 101 branches in North Carolina and South Carolina. The company primarily manages First Bank and offers SBA loans nationwide.

Positive

• Dividend increase of 11.1% to $0.20 per share.
• Demonstrates confidence in financial health and profitability.

Negative

• None.

SOUTHERN PINES, N.C., June 15, 2021 /PRNewswire/ -- The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.20 per share payable on July 25, 2021 to shareholders of record as of June 30, 2021.  The $0.20 dividend rate represents an 11.1% increase over the dividend rate of $0.18 paid in the comparable period of 2020.

First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $7.7 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 101 branches in North Carolina and South Carolina.  First Bank also provides SBA loans to customers through its nationwide network of lenders – for more information on First Bank's SBA lending capabilities, please visit www.firstbanksba.com.  First Bancorp's common stock is traded on the NASDAQ Global Select Market under the symbol "FBNC."

Please visit our website at www.LocalFirstBank.com.

 

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SOURCE First Bancorp

FAQ

What is the dividend amount declared by First Bancorp for 2021?

First Bancorp declared a cash dividend of $0.20 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on July 25, 2021.

What is the record date for the First Bancorp dividend?

The record date for the dividend is June 30, 2021.

How does the 2021 dividend compare to last year's?

The 2021 dividend of $0.20 represents an 11.1% increase over last year's dividend of $0.18.