First Farmers Financial Corp. Declares Record Dividend

Rhea-AI Summary

First Farmers Financial Corp. (FFMR) has declared a quarterly cash dividend of $0.33 per share, marking a 3.1% increase from the $0.32 dividend last year. The dividend is payable on April 15, 2021, to shareholders recorded as of March 31, 2021. The company, with assets totaling $2.2 billion, operates through its bank, which serves multiple counties in Indiana and parts of Illinois.

Positive

• Quarterly cash dividend increased by 3.1% to $0.33 per share.
• Dividend payment scheduled for April 15, 2021, providing income for shareholders.

Negative

• None.

Converse, IN, March 09, 2021 (GLOBE NEWSWIRE) -- First Farmers Financial Corp. (OTCQX Banks; FFMR), the parent company of First Farmers Bank & Trust Co., announced that on March 9, 2021 the Board of Directors approved a quarterly cash dividend of $0.33 per share, payable on April 15, 2021 to shareholders of record as of March 31, 2021. This quarterly dividend represents a 3.1% increase over the $0.32 dividend declared in March 2020.  

First Farmers Financial Corp is a $2.2 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 FFMR?

The dividend amount declared by FFMR is $0.33 per share.

When will the FFMR dividend be paid?

The FFMR dividend will be paid on April 15, 2021.

What was the previous dividend amount declared by FFMR?

The previous dividend amount declared by FFMR was $0.32 per share.

What is the record date for FFMR's dividend payment?

The record date for FFMR's dividend payment is March 31, 2021.

How does the dividend increase affect shareholders?

The dividend increase positively impacts shareholders by providing greater income.