First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.24 Per Share

Rhea-AI Summary

First Farmers and Merchants Corporation (FFMH) announces a 4.3% increase in regular quarterly cash dividend to $0.24 per share

COLUMBIA, Tenn.--(BUSINESS WIRE)-- First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that its Board of Directors has declared the Company’s regular quarterly cash dividend of $0.24 per share, which will be paid on January 16, 2024, to shareholders of record as of January 2, 2024. The dividend represents a 4.3% increase compared with the cash dividend paid during the same period last year.

About First Farmers and Merchants Corporation and First Farmers and Merchants Bank

First Farmers and Merchants Corporation is the holding company for First Farmers and Merchants Bank, a community bank serving the Middle Tennessee area through 22 offices in seven Middle Tennessee counties. As of September 30, 2023, First Farmers reported total assets of approximately $1.9 billion, total shareholders’ equity of approximately $99 million, and administered trust assets of $5.4 billion. For more information about First Farmers, visit us on the Web at www.myfirstfarmers.com under “Investor Relations.”

View source version on businesswire.com: https://www.businesswire.com/news/home/20231219140866/en/

Robert E. Krimmel

Chief Financial Officer

(931) 380-8257

Source: First Farmers and Merchants Corporation

FAQ

What is the ticker symbol for First Farmers and Merchants Corporation?

The ticker symbol for First Farmers and Merchants Corporation is FFMH.

What is the regular quarterly cash dividend announced by First Farmers and Merchants Corporation?

First Farmers and Merchants Corporation has declared a regular quarterly cash dividend of $0.24 per share.

When will the regular quarterly cash dividend be paid by First Farmers and Merchants Corporation?

The regular quarterly cash dividend will be paid on January 16, 2024, to shareholders of record as of January 2, 2024.

What is the percentage increase in the cash dividend compared to the same period last year for First Farmers and Merchants Corporation?

The dividend represents a 4.3% increase compared with the cash dividend paid during the same period last year.