First Bancorp operates as the bank holding company for First Bank that provides banking products and services for individuals and small to medium-sized businesses primarily in North Carolina and northeastern South Carolina. It accepts deposit products, such as checking, savings, and money market accounts, as well as time deposits, including certificate of deposits and individual retirement accounts. The company also offers loans for a range of consumer and commercial purposes comprising loans for business, real estate, personal, home improvement, and automobiles, as well as residential mortgages and small business administration loans; and accounts receivable financing and factoring, inventory financing, and purchase order financing services. In addition, it provides credit and debit cards, letter of credits, and safe deposit box rental services, as well as electronic funds transfer services consisting of wire transfers; and internet and mobile banking, cash management, bank-by-phone services, and remote deposit capture services. Further, the company offers investment and insurance products, such as mutual funds, annuities, long-term care insurance, life insurance, and company retirement plans, as well as property and casualty insurance products; and financial planning services. As of December 31, 2021, it operated 121 branches comprising 114 branch offices located in North Carolina and seven branches in South Carolina. First Bancorp was founded in 1934 and is headquartered in Southern Pines, North Carolina.
First Bancorp Dividend Announcement
• First Bancorp announced a quarterly dividend of $0.22 per ordinary share which will be made payable on 2024-10-25. Ex dividend date: 2024-09-30
• First Bancorp annual dividend for 2024 was $0.66
• First Bancorp annual dividend for 2023 was $0.88
• First Bancorp's trailing twelve-month (TTM) dividend yield is 1.82%
• First Bancorp's payout ratio for the trailing twelve months (TTM) is 35.37%
• First Bancorp's dividend growth over the last five years (2018-2023) was 17.08% year
• First Bancorp's dividend growth over the last ten years (2013-2023) was 10.65% year
First Bancorp Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-09-30 | $0.22 | quarterly | 2024-10-25 |
| 2024-06-28 | $0.22 | quarterly | 2024-07-25 |
| 2024-03-27 | $0.22 | quarterly | 2024-04-25 |
| 2023-12-28 | $0.22 | quarterly | 2024-01-25 |
| 2023-09-28 | $0.22 | quarterly | 2023-10-25 |
| 2023-06-29 | $0.22 | quarterly | 2023-07-25 |
| 2023-03-30 | $0.22 | quarterly | 2023-04-25 |
| 2022-12-29 | $0.22 | quarterly | 2023-01-25 |
| 2022-09-29 | $0.22 | quarterly | 2022-10-25 |
| 2022-06-29 | $0.22 | quarterly | 2022-07-25 |
| 2022-03-30 | $0.22 | quarterly | 2022-04-25 |
| 2021-12-30 | $0.20 | quarterly | 2022-01-25 |
| 2021-09-29 | $0.20 | quarterly | 2021-10-25 |
| 2021-06-29 | $0.20 | quarterly | 2021-07-25 |
| 2021-03-30 | $0.20 | quarterly | 2021-04-25 |
| 2020-12-30 | $0.18 | quarterly | 2021-01-25 |
| 2020-09-29 | $0.18 | quarterly | 2020-10-23 |
| 2020-06-29 | $0.18 | quarterly | 2020-07-24 |
| 2020-03-30 | $0.18 | quarterly | 2020-04-24 |
| 2019-12-30 | $0.18 | quarterly | 2020-01-24 |
| 2019-09-27 | $0.12 | quarterly | 2019-10-25 |
| 2019-06-27 | $0.12 | quarterly | 2019-07-25 |
| 2019-03-28 | $0.12 | quarterly | 2019-04-25 |
| 2018-12-28 | $0.10 | quarterly | 2019-01-25 |
| 2018-09-27 | $0.10 | quarterly | 2018-10-25 |
| 2018-06-28 | $0.10 | quarterly | 2018-07-25 |
| 2018-03-28 | $0.10 | quarterly | 2018-04-25 |
| 2017-12-28 | $0.08 | quarterly | 2018-01-25 |
| 2017-09-28 | $0.08 | quarterly | 2017-10-25 |
| 2017-06-28 | $0.08 | quarterly | 2017-07-25 |
| 2017-03-29 | $0.08 | quarterly | 2017-04-25 |
| 2016-12-28 | $0.08 | quarterly | 2017-01-25 |
| 2016-09-28 | $0.08 | quarterly | 2016-10-25 |
| 2016-06-28 | $0.08 | quarterly | 2016-07-25 |
| 2016-03-29 | $0.08 | quarterly | 2016-04-25 |
| 2015-12-29 | $0.08 | quarterly | 2016-01-25 |
| 2015-09-28 | $0.08 | quarterly | 2015-10-23 |
| 2015-06-26 | $0.08 | quarterly | 2015-07-24 |
| 2015-03-27 | $0.08 | quarterly | 2015-04-24 |
| 2014-12-29 | $0.08 | quarterly | 2015-01-23 |
| 2014-09-26 | $0.08 | quarterly | 2014-10-24 |
| 2014-06-26 | $0.08 | quarterly | 2014-07-25 |
| 2014-03-27 | $0.08 | quarterly | 2014-04-25 |
| 2013-12-27 | $0.08 | quarterly | 2014-01-24 |
| 2013-09-26 | $0.08 | quarterly | 2013-10-25 |
| 2013-06-26 | $0.08 | quarterly | 2013-07-25 |
| 2013-03-26 | $0.08 | quarterly | 2013-04-25 |
First Bancorp Dividend per year
First Bancorp Dividend growth
First Bancorp Dividend Yield
First Bancorp current trailing twelve-month (TTM) dividend yield is 1.82%. Interested in purchasing First Bancorp stock? Use our calculator to estimate your expected dividend yield:
First Bancorp Financial Ratios
P/E ratio19.54
PEG ratio0.20
P/B ratio1.35
ROE7.27%
Payout ratio35.37%
Current ratio0.27
Quick ratio0.27
Cash Ratio0.10
First Bancorp Dividend FAQ
How much is the next First Bancorp dividend?
First Bancorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next First Bancorp dividend. The next First Bancorp dividend will be released in March, June, September, or December.
When is First Bancorp dividend paid?
First Bancorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does First Bancorp pay?
The specific amount of First Bancorp dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find First Bancorp's dividend history.
Does First Bancorp stock pay dividends?
Yes, First Bancorp does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find First Bancorp's dividend history.
How much dividend does First Bancorp pay?
First Bancorp paid $0.66 in 2024, $0.88 in 2023, $0.88 in 2022, $0.8 in 2021, and $0.72 in 2020.
How often does First Bancorp pay dividends?
First Bancorp typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is First Bancorp's dividend yield?
The current dividend yield for First Bancorp is 1.82%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate First Bancorp's exact dividend yield.
When does First Bancorp go ex dividend?
First Bancorp's ex-dividend date for the latest dividend was on 2024-09-30. First Bancorp typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next First Bancorp dividend paid?
First Bancorp pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will First Bancorp increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether First Bancorp will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is First Bancorp dividend per share?
First Bancorp paid $0.66 per share in 2024 and $0.88 per share in 2023. The amount of dividend per share that First Bancorp pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is First Bancorp a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is First Bancorp a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is First Bancorp a dividend stock?
Yes, First Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is First Bancorp a good dividend stock?
Whether First Bancorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. First Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating First Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Other factors to consider when evaluating First Bancorp as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does First Bancorp pay dividends monthly?
First Bancorp typically pays dividends on a quarterly basis.
Does First Bancorp pay dividends quarterly?
First Bancorp currently pays dividends on a quarterly basis.
Has First Bancorp ever paid a dividend?
Yes, First Bancorp has a history of paying dividends to its shareholders. First Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy First Bancorp dividend stocks?
To buy First Bancorp you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy First Bancorp stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
Place an order: Use the brokerage's trading platform to place an order to buy First Bancorp stock.
Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does First Bancorp pay dividends 2024?
First Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-25. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will First Bancorp increase its dividend in 2024?
Decisions regarding First Bancorp dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date First Bancorp dividend overview you can look into the above table of dividend history.
How First Bancorp dividend works?
The First Bancorp dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how First Bancorp's dividend process works:
1. Determination of Dividend: First Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Determination of Dividend: First Bancorp's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, First Bancorp publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, First Bancorp distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from First Bancorp are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are First Bancorp dividends paid?
First Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: First Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
1. Record Date: First Bancorp sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, First Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: First Bancorp declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does First Bancorp pay dividends?
First Bancorp typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does First Bancorp pay dividends?
The general pattern is that First Bancorp pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is First Bancorp dividend safe?
The safety of First Bancorp's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of First Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.
To assess the safety of First Bancorp's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review First Bancorp's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.