First Farmers Financial Corporation operates as the financial holding company for First Farmers Bank & Trust that provides banking products and services to individuals, families, and businesses. The company offers checking and savings accounts, health savings accounts, youth accounts, business accounts, deposit and government accounts, certificates of deposit, and individual retirement accounts, as well as account management services; and mortgages and construction loans, first time home buyers loan, home equity loans, auto loans, collateral loans, and debit and credit cards. It also provides lines of credit, term loans, real estate financing and construction loan, equipment financing, enhancement loans, letters of credit, inventory loans, livestock lending, and vehicle financing, as well as leasing, and mobile and online banking services. The company 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 Corporation was founded in 1885 and is headquartered in Converse, Indiana.
First Farmers Financial Dividend Announcement
• First Farmers Financial announced a quarterly dividend of $0.48 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-09-30
• First Farmers Financial annual dividend for 2024 was $1.44
• First Farmers Financial annual dividend for 2023 was $1.88
• First Farmers Financial's trailing twelve-month (TTM) dividend yield is 2.97%
• First Farmers Financial's payout ratio for the trailing twelve months (TTM) is 35.64%
• First Farmers Financial's dividend growth over the last five years (2018-2023) was 9.03% year
First Farmers Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $0.48 | quarterly | 2024-10-15 |
2024-06-28 | $0.48 | quarterly | 2024-07-15 |
2024-03-27 | $0.48 | quarterly | 2024-04-15 |
2023-12-28 | $0.48 | quarterly | 2024-01-12 |
2023-09-28 | $0.47 | quarterly | 2023-10-13 |
2023-06-29 | $0.47 | quarterly | 2023-07-14 |
2023-03-30 | $0.46 | quarterly | 2023-04-14 |
2022-12-29 | $0.46 | quarterly | 2023-01-13 |
2022-09-29 | $0.45 | quarterly | 2022-10-14 |
2022-06-29 | $0.42 | quarterly | 2022-07-15 |
2022-03-30 | $0.40 | quarterly | 2022-04-15 |
2021-12-30 | $0.36 | quarterly | 2022-01-14 |
2021-09-29 | $0.36 | quarterly | 2021-10-15 |
2021-06-29 | $0.34 | quarterly | 2021-07-15 |
2021-03-30 | $0.33 | quarterly | 2021-04-15 |
2020-12-30 | $0.33 | quarterly | 2021-01-15 |
2020-09-29 | $0.32 | quarterly | 2020-10-15 |
2020-06-29 | $0.32 | quarterly | 2020-07-15 |
2020-03-30 | $0.32 | quarterly | 2020-04-15 |
2019-12-30 | $0.32 | quarterly | 2020-01-15 |
2019-09-27 | $0.31 | quarterly | 2019-10-15 |
2019-06-27 | $0.30 | quarterly | 2019-07-15 |
2019-03-28 | $0.29 | quarterly | 2019-04-15 |
2018-12-28 | $0.28 | quarterly | 2019-01-15 |
2018-09-27 | $0.27 | quarterly | 2018-10-12 |
2018-06-28 | $0.26 | quarterly | 2018-07-13 |
2018-03-28 | $0.41 | quarterly | 2018-04-13 |
First Farmers Financial Dividend per year
First Farmers Financial Dividend growth
First Farmers Financial Dividend Yield
First Farmers Financial current trailing twelve-month (TTM) dividend yield is 2.97%. Interested in purchasing First Farmers Financial stock? Use our calculator to estimate your expected dividend yield:
First Farmers Financial Financial Ratios
First Farmers Financial Dividend FAQ
Other factors to consider when evaluating First Farmers Financial 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.
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1. Determination of Dividend: First Farmers Financial'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 Farmers Financial 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 Farmers Financial 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 Farmers Financial 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. Record Date: First Farmers Financial 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 Farmers Financial 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 Farmers Financial 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.
To assess the safety of First Farmers Financial'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 Farmers Financial'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.