F.N.B. Corporation Declares Cash Dividend of $0.12 on Common Stock

Rhea-AI Summary

F.N.B. Corporation (FNB) declares a quarterly cash dividend of $0.12 per share on its common stock, payable on March 15, 2024, to shareholders of record as of March 6, 2024.

Financial Analyst

The declaration of a quarterly cash dividend of $0.12 per share by F.N.B. Corporation represents a distribution of profits back to shareholders, reflecting the company's current financial health and its management's confidence in maintaining a stable cash flow. Such announcements are typically seen as positive signals by the market, as they suggest that the company is generating sufficient earnings to share with its investors.

From a financial perspective, the dividend yield, which is the dividend per share divided by the stock price, becomes a critical metric for investors seeking income-generating investments. In the context of the broader market, if F.N.B.'s dividend yield is competitive, it can attract income-focused shareholders, potentially increasing demand for the stock. However, investors also scrutinize the payout ratio, the proportion of earnings paid out as dividends, to assess sustainability. A payout ratio that is too high may signal potential cash flow issues in the future.

Market Research Analyst

Examining the impact of dividend announcements on stock performance, it's important to note that while they can lead to a short-term increase in stock price due to perceived company stability, long-term effects depend on the company's continued ability to generate profit and maintain or grow the dividend. Furthermore, the market's response can be influenced by sector trends, interest rates and economic conditions. Investors often compare the dividend growth rate with industry peers to gauge relative performance.

In the case of the banking sector, where F.N.B. Corporation operates, dividends are a significant component of shareholder returns. Therefore, consistent dividend payouts can enhance the company's reputation as a reliable investment amidst its peers, potentially impacting its stock valuation positively if the dividend is in line with or exceeds sector averages.

PITTSBURGH, Feb. 13, 2024 /PRNewswire/ -- F.N.B. Corporation (NYSE: FNB) announced it declared a quarterly cash dividend of $0.12 per share on its common stock. The dividend is payable on March 15, 2024, to shareholders of record as of the close of business on March 6, 2024.

About F.N.B. Corporation
F.N.B. Corporation (NYSE: FNB), headquartered in Pittsburgh, Pennsylvania, is a diversified financial services company operating in seven states and the District of Columbia. FNB's market coverage spans several major metropolitan areas including: Pittsburgh, Pennsylvania; Baltimore, Maryland; Cleveland, Ohio; Washington, D.C.; Charlotte, Raleigh, Durham and the Piedmont Triad (Winston-Salem, Greensboro and High Point) in North Carolina; and Charleston, South Carolina. The Company has total assets of over $46 billion and approximately 350 banking offices throughout Pennsylvania, Ohio, Maryland, West Virginia, North Carolina, South Carolina, Washington, D.C. and Virginia.

FNB provides a full range of commercial banking, consumer banking and wealth management solutions through its subsidiary network which is led by its largest affiliate, First National Bank of Pennsylvania, founded in 1864. Commercial banking solutions include corporate banking, small business banking, investment real estate financing, government banking, business credit, capital markets and lease financing. The consumer banking segment provides a full line of consumer banking products and services, including deposit products, mortgage lending, consumer lending and a complete suite of mobile and online banking services. FNB's wealth management services include asset management, private banking and insurance.

The common stock of F.N.B. Corporation trades on the New York Stock Exchange under the symbol "FNB" and is included in Standard & Poor's MidCap 400 Index with the Global Industry Classification Standard (GICS) Regional Banks Sub-Industry Index. Customers, shareholders and investors can learn more about this regional financial institution by visiting the F.N.B. Corporation website at www.fnbcorporation.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/fnb-corporation-declares-cash-dividend-of-0-12-on-common-stock-302060990.html

SOURCE F.N.B. Corporation

What dividend has F.N.B. Corporation (FNB) declared?

F.N.B. Corporation (FNB) has declared a quarterly cash dividend of $0.12 per share on its common stock.

When is the dividend payable to shareholders?

The dividend declared by F.N.B. Corporation (FNB) is payable on March 15, 2024.

Who are eligible to receive the dividend from F.N.B. Corporation (FNB)?

Shareholders of record as of the close of business on March 6, 2024, are eligible to receive the dividend from F.N.B. Corporation (FNB).