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First Farmers and Merchants Corporation Declares Quarterly Cash Dividend of $0.21 Per Share

Rhea-AI Impact
(Low)
Rhea-AI Sentiment
(Neutral)
Tags
dividends
Rhea-AI Summary

First Farmers and Merchants Corporation (OTC Pink: FFMH) has declared a regular quarterly cash dividend of $0.21 per share, payable on January 15, 2021, to shareholders of record as of January 1, 2021. The Corporation, serving the Middle Tennessee area through 22 offices, reported total assets of approximately $1.7 billion and total shareholders' equity of around $158 million as of September 30, 2020.

Positive
  • Quarterly dividend of $0.21 signifies ongoing income for shareholders.
  • Total assets of approximately $1.7 billion showcase company stability.
  • Growing trust assets, reported at $5.7 billion, indicate strong financial trust management.
Negative
  • None.

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 $0.21 per share, which will be paid on January 15, 2021, to shareholders of record as of January 1, 2021.

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, 2020, First Farmers reported total assets of approximately $1.7 billion, total shareholders' equity of approximately $158 million, and administered trust assets of $5.7 billion. For more information about First Farmers, visit us on the Web at www.myfirstfarmers.com under "Investor Relations."

FAQ

What is the dividend amount declared by First Farmers and Merchants Corporation?

The dividend amount declared is $0.21 per share.

When will the dividend be paid to shareholders of FFMH?

The dividend will be paid on January 15, 2021.

What is the record date for the dividend payment?

The record date for the dividend payment is January 1, 2021.

First Farmers

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147.60M
4.07M
0.49%
Banks - Regional
Financial Services
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United States
Columbia