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CORYDON, Ind. - First Capital, Inc. (NASDAQ:FCAP), a $121 million market cap regional bank, announced Wednesday that its Board of Directors has declared a quarterly cash dividend of $0.31 per share of common stock, representing a 6.9% increase from its previous dividend. The company has maintained dividend payments for 27 consecutive years, with the current yield standing at 3.18%.
The dividend will be paid on September 26, 2025, to shareholders of record as of September 12, 2025. This marks a $0.02 per share increase compared to the company’s most recent dividend paid on June 27, 2025. According to InvestingPro analysis, First Capital appears undervalued based on its Fair Value metrics, with a P/E ratio of 9.15 and a strong YTD return of 14.76%.
Michael C. Frederick, President and Chief Executive Officer of First Capital, stated that the increased dividend was declared as a result of the company’s "continued profitability" and commitment to returning capital to shareholders.
First Capital is the holding company for First Harrison Bank, which operates seventeen branches across Indiana and Kentucky. The Indiana locations include Corydon, Edwardsville, Greenville, Floyds Knobs, Palmyra, New Albany, New Salisbury, Jeffersonville, Salem, Lanesville, and Charlestown. In Kentucky, branches are located in Shepherdsville, Mt. Washington, and Lebanon Junction.
The announcement was made in a press release issued by the company.
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