Farmers National Banc Corp. Declares Quarterly Cash Dividend

Rhea-AI Summary

Farmers National Banc Corp. (NASDAQ: FMNB) announces a quarterly cash dividend of $0.17 per share, with a record date of March 8, 2024, payable to shareholders on March 29, 2024.

Insights

Financial Analyst

The declaration of a quarterly cash dividend by Farmers National Banc Corp. indicates a distribution of profits back to shareholders, which is a sign of the company's current financial health and confidence in its cash flow stability. It is important to assess the dividend yield, which is the dividend per share divided by the price per share. A higher yield can attract income-focused investors and potentially support the stock price.

Additionally, the consistency and growth of dividend payments can be seen as a positive signal by the market, reflecting a sustainable business model and a commitment to returning value to shareholders. However, investors must also consider the payout ratio, which is the proportion of earnings paid out as dividends. A high payout ratio might indicate less reinvestment in the company's growth, which could impact future earnings potential.

Market Research Analyst

When a company like Farmers National Banc Corp. announces a dividend, it can also be indicative of its position within the industry. Comparing this dividend announcement to industry peers can provide insights into the company's competitive stance. For instance, if the dividend is higher than what similar companies offer, it could imply that Farmers National Banc Corp. is performing well or prioritizing shareholder returns.

Market reaction to dividend announcements can also reveal investor sentiment. If the stock price reacts positively, it could suggest that the market views the dividend as a sign of strength. Conversely, if the price drops, investors might be concerned about the company's ability to grow or maintain the dividend. Observing the stock performance following the announcement can offer valuable insights into the market's perception of the company's financial strategy.

CANFIELD, Ohio--(BUSINESS WIRE)-- On February 27, 2024, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.17 per share. The common stock cash dividend will have a record date of March 8, 2024, and is payable to shareholders on March 29, 2024.

ABOUT FARMERS NATIONAL BANC CORP.

Founded in 1887, Farmers National Banc Corp. is a diversified financial services company headquartered in Canfield, Ohio, with $5.1 billion in banking assets. Farmers National Banc Corp.’s wholly-owned subsidiaries are comprised of The Farmers National Bank of Canfield, a full-service national bank engaged in commercial and retail banking with 64 banking locations in Mahoning, Trumbull, Columbiana, Portage, Stark, Wayne, Medina, Geauga and Cuyahoga Counties in Ohio and Beaver, Butler, Allegheny, Jefferson, Clarion, Venango, Clearfield, Mercer, Elk and Crawford Counties in Pennsylvania, and Farmers Trust Company, which operates five trust offices and offers services in the same geographic markets. Total wealth management assets under care at December 31, 2023 are $3.5 billion. Farmers National Insurance, LLC, a wholly-owned subsidiary of The Farmers National Bank of Canfield, offers a variety of insurance products.

View source version on businesswire.com: https://www.businesswire.com/news/home/20240227054989/en/

Amber Wallace

Executive Vice President, Chief Retail/Marketing Officer

330-720-6441

awallace@farmersbankgroup.com

Source: Farmers National Banc Corp.

FAQ

What dividend has Farmers National Banc Corp. (FMNB) declared per share?

Farmers National Banc Corp. (FMNB) declared a quarterly cash dividend of $0.17 per share.

When is the record date for the dividend declared by Farmers National Banc Corp. (FMNB)?

The record date for the dividend declared by Farmers National Banc Corp. (FMNB) is March 8, 2024.

When will the dividend declared by Farmers National Banc Corp. (FMNB) be payable to shareholders?

The dividend declared by Farmers National Banc Corp. (FMNB) will be payable to shareholders on March 29, 2024.