Elevating Investor Returns: First Bancorp Delivers Strong Performance and Growing Profits
By the close of today, January 19, 2024, First Bancorp (NASDAQ:FNLC) will issue a dividend payout of $0.35 per share, resulting in an annualized dividend yield of 5.00%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 05, 2024.
First Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-05 | 4 | $0.35 | 5.0% | 2023-12-21 | 2024-01-08 | 2024-01-19 |
| 2023-10-06 | 4 | $0.35 | 5.99% | 2023-09-28 | 2023-10-10 | 2023-10-20 |
| 2023-07-07 | 4 | $0.35 | 5.78% | 2023-06-29 | 2023-07-10 | 2023-07-20 |
| 2023-04-06 | 4 | $0.34 | 5.18% | 2023-03-30 | 2023-04-10 | 2023-04-20 |
| 2023-01-06 | 4 | $0.34 | 4.54% | 2022-12-15 | 2023-01-09 | 2023-01-20 |
| 2022-10-04 | 4 | $0.34 | 4.76% | 2022-09-21 | 2022-10-05 | 2022-10-21 |
| 2022-07-08 | 4 | $0.34 | 4.55% | 2022-06-30 | 2022-07-11 | 2022-07-22 |
| 2022-04-08 | 4 | $0.32 | 4.26% | 2022-03-31 | 2022-04-11 | 2022-04-22 |
| 2022-01-07 | 4 | $0.32 | 4.04% | 2021-12-30 | 2022-01-10 | 2022-01-21 |
| 2021-10-08 | 4 | $0.32 | 4.34% | 2021-09-30 | 2021-10-12 | 2021-10-22 |
| 2021-07-07 | 4 | $0.32 | 4.28% | 2021-06-24 | 2021-07-08 | 2021-07-19 |
| 2021-04-05 | 4 | $0.31 | 4.42% | 2021-03-25 | 2021-04-06 | 2021-04-16 |
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 First of Long Island (NASDAQ:FLIC) boasts the highest annualized dividend yield at 6.85%.
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
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $1.23 in 2020 to $1.39 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For First Bancorp
The earnings chart illustrates an increase in First Bancorp's earnings per share, from $2.46 in 2020 to $2.89 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
This article delves into the recent dividend payout of First Bancorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.35 per share, leading to an annualized dividend yield of 5.00%.
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 First of Long Island boasts the highest annualized dividend yield at 6.85%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, First Bancorp appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
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: FNLC))
This article was generated by Benzinga's automated content engine and reviewed by an editor.