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CANFIELD, Ohio - Farmers National Banc Corp. (NASDAQ:FMNB) has announced a quarterly cash dividend of $0.17 per share, as confirmed by the company’s Board of Directors on Monday. The dividend, representing a 4.7% yield, continues the company’s impressive 31-year streak of consecutive dividend payments, according to InvestingPro data. Shareholders on record as of March 14, 2025, will be eligible for the dividend, which is scheduled for disbursement on March 31, 2025.
This financial institution, with a history dating back to 1887, operates primarily in Ohio and Pennsylvania, offering a range of banking and financial services. With banking assets totaling $5.1 billion and wealth management assets under care amounting to $4.2 billion as of December 31, 2024, Farmers National Banc Corp. has established a significant presence in the region. Currently valued at $543 million in market capitalization and trading at a P/E ratio of 11.85, analysis suggests the stock is undervalued. Its operations include The Farmers National Bank of Canfield, Farmers Trust Company, and Farmers National Insurance, LLC, covering a broad spectrum of financial services from banking to insurance.
The dividend declaration is a continuation of the company’s practice of providing returns to its shareholders and reflects its financial performance and commitment to shareholder value. The company maintains strong profitability metrics, with analysts projecting continued positive earnings for the upcoming year. This information is based on a press release statement from Farmers National Banc Corp. and InvestingPro data, which offers additional insights and analysis.
In other recent news, Farmers National Banc Corp. announced that its Board of Directors has approved a quarterly cash dividend of $0.17 per share. Shareholders on record as of December 13, 2024, will be eligible for this dividend, with payment scheduled for December 31, 2024. This decision aligns with the company’s ongoing strategy to return value to its shareholders, reflecting its stable financial position and commitment to its dividend policy. Farmers National Banc Corp. operates primarily through The Farmers National Bank of Canfield and reported $5.2 billion in banking assets. Additionally, the corporation’s wealth management assets under care were reported at $4.0 billion as of September 30, 2024. The company maintains a network of 62 banking locations and five trust offices across Ohio and Pennsylvania. This announcement is part of a press release issued by Farmers National Banc Corp.
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