Today, July 25, 2023, marks an important moment for investors of First Bancorp FBNC. The company will distribute a dividend payout of $0.22 per share, demonstrating an annualized dividend yield of 2.65%. Remember, only shareholders prior to the ex-dividend date on June 29, 2023 are eligible for this payout.
First Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-06-29 | 4 | $0.22 | 2.65% | 2023-06-15 | 2023-06-30 | 2023-07-25 |
| 2023-03-30 | 4 | $0.22 | 2.4% | 2023-03-15 | 2023-03-31 | 2023-04-25 |
| 2022-12-29 | 4 | $0.22 | 2.04% | 2022-12-15 | 2022-12-31 | 2023-01-25 |
| 2022-09-29 | 4 | $0.22 | 2.38% | 2022-09-15 | 2022-09-30 | 2022-10-25 |
| 2022-06-29 | 4 | $0.22 | 2.53% | 2022-06-15 | 2022-06-30 | 2022-07-25 |
| 2022-03-30 | 4 | $0.22 | 2.02% | 2022-02-07 | 2022-03-31 | 2022-04-25 |
| 2021-12-30 | 4 | $0.2 | 1.78% | 2021-12-15 | 2021-12-31 | 2022-01-25 |
| 2021-09-29 | 4 | $0.2 | 2.06% | 2021-09-15 | 2021-09-30 | 2021-10-25 |
| 2021-06-29 | 4 | $0.2 | 1.92% | 2021-06-15 | 2021-06-30 | 2021-07-25 |
| 2021-03-30 | 4 | $0.2 | 1.66% | 2021-03-15 | 2021-03-31 | 2021-04-25 |
| 2020-12-30 | 4 | $0.18 | 2.16% | 2020-12-15 | 2020-12-31 | 2021-01-25 |
| 2020-09-29 | 4 | $0.18 | 3.47% | 2020-09-15 | 2020-09-30 | 2020-10-23 |
With a dividend yield that places it neither at the top nor the bottom, First Bancorp finds itself in the middle among its industry peers, while Northwest Bancshares NWBI boasts the highest annualized dividend yield at 6.68%.
Analyzing First Bancorp Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.54 in 2019 to $0.88 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For First Bancorp
The earnings chart above shows that from 2019 to 2022, First Bancorp has experienced an increase in their earnings from $3.19 per share to $3.80 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
In this article, we explore the recent dividend payout of First Bancorp and its significance for shareholders. The company has decided to distribute a dividend of $0.22 per share today, which equates to an annualized dividend yield of 2.65%.
With a dividend yield that places it neither at the top nor the bottom, First Bancorp finds itself in the middle among its industry peers, while Northwest Bancshares boasts the highest annualized dividend yield at 6.68%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for First Bancorp indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on First Bancorp's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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