CONVERSE, IN - First Farmers Financial Corp. (OTCQX:FFMR), the holding company for First Farmers Bank & Trust Co., has announced an increase in its quarterly cash dividend. On Monday, the Board of Directors approved a dividend of $0.49 per share, which is scheduled for payment on January 15, 2025, to shareholders on record as of December 31, 2024.
This latest dividend represents a 2.1% increase from the previous dividend of $0.48 declared in December 2023. The increase marks a new record for the company's quarterly cash dividend.
First Farmers Financial Corp is a financial holding entity with a market presence valued at approximately $3.2 billion. Its subsidiary, First Farmers Bank & Trust, operates across multiple counties in Indiana and Illinois, providing a range of banking services to its customers.
The corporation's shares are traded on the OTCQX Best Market, a segment of the OTC Markets Group for established, investor-focused U.S. and international companies that meet high financial standards, are current in their disclosure, and are sponsored by a professional third-party advisor.
The declaration of this increased dividend reflects the company's financial health and commitment to providing value to its shareholders. It is also an indicator of the company's confidence in its financial stability and future earnings potential.
This financial news is based solely on the press release statement from First Farmers Financial Corporation.
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