First Farmers Financial Corp. Declares Record Dividend

Rhea-AI Summary

First Farmers Financial Corp. (FFMR) has announced a record quarterly cash dividend of $0.40 per share, payable on April 15, 2022. This dividend reflects a significant 21.2% increase from the $0.33 dividend declared in March 2021. The announcement was made by the Board of Directors on March 15, 2022, with shareholders of record as of March 31, 2022 eligible for this payment. First Farmers Financial Corp., a financial holding company with a valuation of $2.5 billion, operates multiple bank offices across Indiana and parts of Illinois.

Positive

• Record quarterly cash dividend of $0.40 per share.
• 21.2% increase in dividend compared to the previous year.
• Company maintains a solid financial position with a $2.5 billion valuation.

Negative

• None.

Converse, Indiana, March 15, 2022 (GLOBE NEWSWIRE) -- First Farmers Financial Corp. (OTCQX Banks; FFMR), the parent company of First Farmers Bank & Trust Co., announced that on March 15, 2022, the Board of Directors approved a record quarterly cash dividend of $0.40 per share, payable on April 15, 2022, to shareholders of record as of March 31,2022. This quarterly dividend represents a 21.2% increase over the $0.33 dividend declared in March 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 dividend amount declared by First Farmers Financial Corp.?

The declared dividend amount is $0.40 per share.

When will the dividend be paid to shareholders?

The dividend will be paid on April 15, 2022.

When is the record date for shareholders to receive the dividend?

The record date is March 31, 2022.

How much has the dividend increased since last year?

The dividend increased by 21.2% from $0.33 to $0.40.