First Farmers Financial Corp. Declares Record Dividend

Rhea-AI Summary

First Farmers Financial Corp. (FFMR) announced a record quarterly cash dividend of $0.46 per share on December 13, 2022, reflecting a significant 27.8% increase from last year's $0.36. This dividend is payable on January 13, 2023, to shareholders of record by December 30, 2022. The company, a financial holding entity with assets of $2.6 billion, operates through First Farmers Bank & Trust Co. across multiple counties in Indiana and parts of Illinois.

Positive

• Record quarterly cash dividend of $0.46 per share, a 27.8% increase from last year.
• Demonstrates company confidence and commitment to returning value to shareholders.

Negative

• None.

Converse, IN, Dec. 13, 2022 (GLOBE NEWSWIRE) -- First Farmers Financial Corp. (OTCQX Banks; FFMR), the parent company of First Farmers Bank & Trust Co., announced that on December 13, 2022, the Board of Directors approved a record quarterly cash dividend of $0.46 per share, payable on January 13, 2023, to shareholders of record as of December 30, 2022. This quarterly dividend represents a 27.8% increase over the $0.36 dividend declared in December 2021.

First Farmers Financial Corp is a $2.6 billion financial holding company headquartered in Converse, Indiana. First Farmers Bank & Trust has offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo and Wabash counties in Indiana and offices in Coles, Edgar, and Vermilion counties in Illinois. First Farmers Financial Corp is traded on the OTC Markets Group, Inc. "OTCQX" exchange under the ticker symbol: FFMR

FAQ

What is the dividend amount declared by FFMR?

FFMR declared a quarterly cash dividend of $0.46 per share.

When is the dividend payable to shareholders?

The dividend is payable on January 13, 2023.

What is the record date for the dividend?

The record date for the dividend is December 30, 2022.

How much has the dividend increased compared to last year?

The dividend has increased by 27.8% compared to last year's dividend of $0.36.