First Financial Bancorp (FFBC) Dividend: History, Dates & Yield - 2024
Dividend History
First Financial Bancorp announced a quarterly dividend of $0.24 per ordinary share, payable on 2024-12-16, with an ex-dividend date of 2024-12-02. First Financial Bancorp typically pays dividends four times a year, compared to $0.94 in 2024.
Find details on First Financial Bancorp's dividend performance with a comprehensive history of past and upcoming payments.
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-02 | $0.24 | quarterly | 2024-12-16 |
2024-08-30 | $0.24 | quarterly | 2024-09-16 |
2024-06-03 | $0.23 | quarterly | 2024-06-17 |
2024-02-29 | $0.23 | quarterly | 2024-03-15 |
2023-11-30 | $0.23 | quarterly | 2023-12-15 |
2023-08-31 | $0.23 | quarterly | 2023-09-15 |
2023-05-31 | $0.23 | quarterly | 2023-06-15 |
2023-02-28 | $0.23 | quarterly | 2023-03-15 |
2022-11-30 | $0.23 | quarterly | 2022-12-15 |
2022-08-31 | $0.23 | quarterly | 2022-09-15 |
Dividend Increase
First Financial Bancorp's dividend growth over the last five years (2020-2024) was 0.88% per year, while over the last ten years (2015-2024), it was 5.19% per year. In comparison, HBCP has seen an average growth rate of 3.78% over the past five years and HFWA's growth rate was 1.90%.
By comparing First Financial Bancorp's dividend growth to other companies, investors can gain insight into how consistent its dividend strategy is and what that means for future payouts. However, dividend growth is just one factor to consider. Investors should also evaluate other metrics, such as earnings growth, payout ratio, and overall financial health, to get a full picture of Walmart's dividend sustainability and potential.
Dividend Yield
First Financial Bancorp's current trailing twelve-month (TTM) dividend yield is 3.41%. Over the last 12 months, First Financial Bancorp has maintained this yield, but how does it compare to similar stocks? For example, HBCP offers a yield of 2.22%, while HFWA provides a yield of 3.78%. Comparing similar stocks can help investors assess First Financial Bancorp's yield and make more informed decisions.
Company | Dividend Yield | Annual Dividend | Stock Price |
---|---|---|---|
First Financial Bancorp (FFBC) | 3.41% | $0.94 | $27.55 |
HBCP (HBCP) | 2.22% | $1.01 | $45.41 |
HFWA (HFWA) | 3.78% | $0.92 | $24.31 |
Dividend Yield Calculator
Interested in purchasing First Financial Bancorp stock? Use our calculator to estimate your expected dividend yield and see how Walmart's consistent payouts could contribute to your long-term investment goals. Understanding your potential returns can help you make an informed decision.
Payout Ratio
First Financial Bancorp has a payout ratio of 0.40%. In comparison, HBCP has a payout ratio of 0.22%, while HFWA's payout ratio is 0.84%.
It's important to note that the payout ratio is just one of many metrics investors use to assess a company's dividend sustainability and growth potential. It should be considered alongside other financial indicators such as earnings, cash flow, and debt levels to gain a complete picture of the company's financial health.
About First Financial Bancorp
- Global Presence
- Operates globally with a strong presence in multiple countries
- Serves a diverse customer base across various regions
- Key Segments
- Diversified business with multiple segments including consumer products, industrial services, and technology solutions
- Products/Services
- Offers a wide range of products and services catering to different industries and consumer needs
- Known for highquality and innovative offerings
- Financial Stability
- Stable financial performance with consistent revenue growth and strong profitability
- Maintains a healthy balance sheet and cash flow position, prioritizing shareholder returns through dividends
Frequently Asked Question
Other factors to consider when evaluating First Financial 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.
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1. Determination of Dividend: First Financial 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 Financial 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 Financial 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 Financial 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. Record Date: First Financial 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 Financial 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 Financial 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.
To assess the safety of First Financial 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 Financial 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.