Fentura Financial, Inc. Announces Quarterly Dividend
Rhea-AI Summary
Fentura Financial (OTCQX: FETM) has declared a quarterly dividend of $0.11 per share. This dividend will be paid to shareholders who are on record as of August 5, 2024, with the payment scheduled for August 12, 2024. The announcement of this regular dividend demonstrates Fentura Financial's commitment to providing consistent returns to its shareholders. As a financial institution trading on the OTCQX market, this dividend declaration may be seen as a positive signal of the company's financial health and its ability to generate cash flow for investor returns.
Positive
- Declared a quarterly dividend of $0.11 per share
- Demonstrates ability to provide consistent shareholder returns
- Indicates positive cash flow generation
Negative
- None.
News Market Reaction – FETM
In the trading session that priced this news, FETM gained 11.00%, reflecting a significant positive market reaction.
Data tracked by StockTitan Argus on the day of publication.
AI-generated analysis. How Rhea-AI works. Not financial advice.
FENTON, Mich., July 25, 2024 (GLOBE NEWSWIRE) -- Fentura Financial, Inc. (OTCQX: FETM) has announced a regular dividend of
About Fentura Financial, Inc. and The State Bank
Fentura Financial, Inc. is the holding company for The State Bank. It was formed in 1987 and is traded on the OTCQX exchange under the symbol FETM, and has been recognized as one of the Top 50 performing stocks on that exchange.
The State Bank is a commercial, retail and trust bank headquartered in Fenton, Michigan. It currently operates 20 full-service offices and one loan production center serving Bay, Genesee, Ingham, Jackson, Livingston, Oakland, Saginaw, and Shiawassee counties. The State Bank believes in the potential of banking to help create better lives, better businesses, and better communities, and works to achieve this through its full array of consumer, mortgage, SBA, commercial and wealth management banking and advisory services, together with philanthropic and volunteer support to organizations and groups within the communities it serves. More information can be found at www.thestatebank.com or www.fentura.com.
Cautionary Statement: This press release contains certain forward-looking statements that involve risks and uncertainties. Forward-looking statements include, but are not limited to, statements concerning future growth in earning assets and net income. Such statements are subject to certain risks and uncertainties which could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including, but not limited to, economic, competitive, governmental and technological factors affecting the Company's operations, markets, products, services, interest rates and fees for services. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
| Contacts: | Ronald L. Justice | Aaron D. Wirsing | ||
| President & CEO | Chief Financial Officer | |||
| Fentura Financial, Inc. | Fentura Financial, Inc. | |||
| 810.714.3902 | 810.714.3925 | |||
| ron.justice@thestatebank.com | aaron.wirsing@thestatebank.com |
