First Farmers Financial Corp. Declares Record Dividend

Rhea-AI Summary

First Farmers Financial Corp. (FFMR) has declared a record quarterly cash dividend of $0.42 per share, marking a 23.5% increase from the previous year’s $0.34. This dividend will be payable on July 15, 2022, to shareholders on record as of June 30, 2022. The company is a financial holding corporation based in Converse, Indiana, with assets totaling $2.5 billion. With numerous banking locations across Indiana and parts of Illinois, FFMR is traded on the OTC Markets under the ticker symbol FFMR.

AI-generated analysis. Not financial advice.

Positive

• Quarterly cash dividend increased by 23.5% from $0.34 to $0.42 per share.
• Dividend reflects a strong commitment to shareholder returns.
• The company has a substantial asset base of $2.5 billion.

Negative

• None.

News Market Reaction – FFMR

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On the day this news was published, FFMR declined NaN%, reflecting a moderate negative market reaction.

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Converse, IN, June 21, 2022 (GLOBE NEWSWIRE) -- First Farmers Financial Corp. (OTCQX Banks; FFMR), the parent company of First Farmers Bank & Trust Co., announced that on June 21, 2022, the Board of Directors approved a record quarterly cash dividend of $0.42 per share, payable on July 15, 2022, to shareholders of record as of June 30, 2022. This quarterly dividend represents a 23.5% increase over the $0.34 dividend declared in June 2021.

 

First Farmers Financial Corp is a $2.5 billion financial holding company headquartered in Converse, Indiana.  First Farmers Bank & Trust has offices throughout Carroll, Cass, Clay, Grant, Hamilton, Howard, Huntington, Madison, Marshall, Miami, Starke, Sullivan, Tippecanoe, Tipton, Vigo and Wabash counties in Indiana and offices in Coles, Edgar, and Vermilion counties in Illinois. First Farmers Financial Corp is traded on the OTC Markets Group, Inc. "OTCQX" exchange under the ticker symbol: FFMR  

FAQ

What is the new quarterly dividend declared by First Farmers Financial Corp?

The new quarterly dividend is $0.42 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on July 15, 2022.

When is the record date for the dividend?

The record date for the dividend is June 30, 2022.

How much was the increase in the quarterly dividend compared to last year?

The quarterly dividend increased by 23.5% from $0.34 to $0.42.

What is First Farmers Financial Corp's ticker symbol?

The ticker symbol for First Farmers Financial Corp is FFMR.