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HAMMOND, LA – First Guaranty Bancshares, Inc. (NASDAQ:FGBI), a federally chartered savings institution with a market capitalization of $114 million, declared a quarterly cash dividend of $0.01 per share on its common stock, as announced on May 15, 2025. This marks the 128th consecutive quarterly dividend paid by the company to its common shareholders, reflecting a current dividend yield of 0.43%. The dividend is scheduled for shareholders on record as of June 23, 2025, with the payment date set for June 30, 2025. According to InvestingPro analysis, the stock appears slightly undervalued at its current trading price of $8.97.
The declaration of this dividend continues First Guaranty Bancshares’ long-standing tradition of returning value to its shareholders and demonstrates the company’s commitment to its dividend policy. InvestingPro data reveals the company has maintained dividend payments for 20 consecutive years, though the stock has experienced a significant 28% decline over the past six months. The consistent payment history underscores the company’s financial stability and prudent management practices. Shareholders looking forward to the upcoming dividend distribution can expect the funds to be credited to their accounts at the end of June.
Investors and market watchers often view regular dividend payments as a sign of a company’s strong financial health and its ability to generate steady cash flow. First Guaranty Bancshares’ announcement aligns with this perspective, potentially reinforcing investor confidence in the company’s operational and financial strategies.
This financial event is part of the company’s regular communications with its shareholders and the broader financial community, as required by the Securities Exchange Act of 1934. The information is based on the latest 8-K filing with the Securities and Exchange Commission by First Guaranty Bancshares.
In other recent news, First Guaranty Bancshares reported the results of its annual shareholder meeting, where all proposed directors were elected, and key proposals, including executive compensation and the appointment of an independent registered public accounting firm, were approved. The appointment of Griffith, DeLaney, Hillman & Lett, CPAs, PSC as the company’s independent registered public accounting firm was ratified with strong shareholder support. Additionally, the company declared a quarterly cash dividend for its Series A Preferred Stock, amounting to $0.421875 per depositary share, with payments scheduled for June 2, 2025. Shareholders recorded as of May 15, 2025, will be eligible for this dividend payout.
First Guaranty Bancshares also announced the election of Mr. Robert W. Walker to its Board of Directors, bringing his extensive experience from Premier Financial Bancorp, Inc. This appointment was confirmed in a filing with the Securities and Exchange Commission. The company has not disclosed any strategic implications related to Mr. Walker’s appointment. These recent developments reflect the company’s ongoing efforts to enhance shareholder value and strengthen its leadership team.
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