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TERRE HAUTE, Ind. - First Financial Corporation (NASDAQ:THFF) announced Wednesday that its board of directors has declared a quarterly dividend of 51 cents per share. The company, which has maintained dividend payments for 43 consecutive years according to InvestingPro data, currently offers a 4.02% dividend yield.
The dividend will be payable on July 15, 2025, to shareholders of record at the close of business on July 1, 2025, according to a press release issued by the company. With a market capitalization of $603.55 million and a P/E ratio of 11.03, First Financial maintains a FAIR financial health score on InvestingPro, which offers comprehensive dividend analysis tools and financial metrics.
First Financial Corporation serves as the holding company for First Financial Bank N.A., which operates across five states including Indiana, Illinois, Kentucky, Tennessee, and Georgia.
The company made the announcement through a statement released on June 18, 2025.
In other recent news, First Financial Corporation announced a new employment agreement with its President and CEO, Norman D. Lowery, effective July 1, 2025. The agreement includes an annual base salary of $675,350, with potential increases determined by the board, and outlines conditions for termination and severance packages. Additionally, First Financial Corporation has entered into new employment agreements with three senior executives, which include provisions for termination and severance in the event of a change in control. The company also held its annual shareholder meeting, where six directors were re-elected, and executive compensation was approved. Shareholders ratified the appointment of Crowe LLP as the independent registered public accounting firm for the fiscal year. Furthermore, First Financial Corporation declared a quarterly dividend of 51 cents per share, set to be paid on April 15, 2025, to shareholders on record as of April 1, 2025. This dividend declaration continues the company’s practice of providing periodic returns to its investors. These developments reflect the company’s ongoing commitment to corporate governance and shareholder engagement.
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