First National Bank Alaska declares regular and special dividends for fourth quarter, both payable in December

Rhea-AI Impact

(Low)

Rhea-AI Sentiment

(Neutral)

Rhea-AI Summary

First National Bank Alaska (OTCQX:FBAK) has announced two dividend payments for the fourth quarter. The regular cash dividend of $3.20 per share will be paid to shareholders of record as of December 1, 2024, with distribution on December 16, 2024. Additionally, a special cash dividend of $3.20 per share was declared for shareholders of record as of December 1, 2024, with payment and distribution set for December 19, 2024. Both decisions were made during the Board of Directors meeting on October 31, 2024.

Positive

Regular dividend maintained at $3.20 per share
Additional special dividend of $3.20 per share announced
Total dividend payout of $6.40 per share for Q4 2024

Negative

None.

News Market Reaction 1 Alert

+1.01% News Effect

On the day this news was published, FBAK gained 1.01%, reflecting a mild positive market reaction.

Data tracked by StockTitan Argus on the day of publication.

11/01/2024 - 06:50 PM

ANCHORAGE, Alaska, Nov. 01, 2024 (GLOBE NEWSWIRE) -- At the Board of Directors meeting held Oct. 31, 2024, First National Bank Alaska (OTCQX:FBAK) declared a cash dividend of $3.20 per share for shareholders of record as of Dec. 1, 2024, payable on Dec. 15, 2024 with distribution on Dec. 16.

At the same meeting, the Board declared a special cash dividend of $3.20 per share for shareholders of record as of Dec. 1, 2024, payable and for distribution on Dec. 19, 2024.

CONTACT: Cheri Gillian
Secretary to the Board of Directors
907-777-3409