First Capital, Inc. Announces Quarterly Dividend Increase

Rhea-AI Summary

First Capital, Inc. (NASDAQ: FCAP) has announced a 7.4% increase in its quarterly cash dividend. The new dividend of $0.29 per share will be paid on September 27, 2024, to shareholders of record as of September 13, 2024. This represents a $0.02 increase from the previous dividend of $0.27 paid on June 28, 2024.

President and CEO Michael C. Frederick attributed the increase to First Capital's continued profitability and commitment to returning capital to shareholders. First Capital is the holding company for First Harrison Bank, which operates 18 offices across Indiana and Kentucky communities.

Positive

• Quarterly dividend increased by 7.4% to $0.29 per share
• Company demonstrates continued profitability
• Commitment to returning capital to shareholders

Negative

• None.

CORYDON, Ind., Aug. 21, 2024 (GLOBE NEWSWIRE) -- The Board of Directors of First Capital, Inc. (NASDAQ: FCAP) has declared a quarterly cash dividend of $0.29 (twenty-nine cents) per share of common stock, according to Michael C. Frederick, President and Chief Executive Officer. The dividend will be paid on September 27, 2024 to shareholders of record as of September 13, 2024. This represents an increase of $0.02 (two cents) per share, or 7.4%, compared to the most recent dividend paid on June 28, 2024.

“We are very pleased to provide a 7.4% increase to the quarterly cash dividend payment on the Company’s common stock from $0.27 (twenty-seven cents) to $0.29 (twenty-nine cents),” said Mr. Frederick. “The increased dividend was declared as a result of First Capital, Inc.’s continued profitability and our commitment to returning capital to our shareholders.”

First Capital, Inc. is the holding company for First Harrison Bank. First Harrison currently has eighteen offices in the Indiana communities of Corydon, Edwardsville, Greenville, Floyds Knobs, Palmyra, New Albany, New Salisbury, Jeffersonville, Salem, Lanesville and Charlestown and the Kentucky communities of Shepherdsville, Mt. Washington and Lebanon Junction. Access to First Harrison Bank accounts, including online banking and electronic bill payments, is available anywhere with Internet access through the Bank’s website at www.firstharrison.com. For more information and financial data about First Capital, Inc., please visit Investor Relations at First Harrison Bank’s aforementioned website.

Contact:
Joshua Stevens
Chief Financial Officer
812-738-1570

FAQ

What is First Capital's (FCAP) new quarterly dividend amount?

First Capital's (FCAP) new quarterly dividend is $0.29 per share, representing a 7.4% increase from the previous dividend.

When will First Capital (FCAP) pay its next dividend?

First Capital (FCAP) will pay its next dividend on September 27, 2024, to shareholders of record as of September 13, 2024.

How much did First Capital (FCAP) increase its dividend?

First Capital (FCAP) increased its dividend by $0.02 per share, from $0.27 to $0.29, which represents a 7.4% increase.

What reason did First Capital (FCAP) give for increasing its dividend?

First Capital (FCAP) cited continued profitability and a commitment to returning capital to shareholders as reasons for increasing its dividend.