By the close of today, January 25, 2024, First Bancorp FBNC will issue a dividend payout of $0.22 per share, resulting in an annualized dividend yield of 2.35%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on December 28, 2023.
First Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-28 | 4 | $0.22 | 2.35% | 2023-12-15 | 2023-12-31 | 2024-01-25 |
| 2023-09-28 | 4 | $0.22 | 3.0% | 2023-09-15 | 2023-09-30 | 2023-10-25 |
| 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 |
First Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Northwest Bancshares NWBI having the highest annualized dividend yield at 6.25%.
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
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $0.72 to $0.88. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For First Bancorp
From 2020 to 2023, First Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $2.70 to $2.89. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
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 2.35%.
First Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Northwest Bancshares having the highest annualized dividend yield at 6.25%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for First Bancorp indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[See current stock movements First Bancorp on Benzinga.](https://www.benzinga.com/quote/First Bancorp (NASDAQ: FBNC))
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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