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Truxton shares (Ticker:
TRUX) were up slightly to $45.95 in midday trading Friday. They have risen slightly over the past six months.
The directors of FB Financial voted this week to hike the company’s quarterly dividend by more than 20 percent on the heels of reporting their fourth-quarter results.
Downtown-based FB Financial will now pay investors 11 cents per shares each quarter, up from 9 cents. The move, which will become effective for investors as of Feb. 8, will life the stock’s dividend yield to about 1.2 percent based on Friday’s market action.
The dividend decision by the parent of FirstBank comes shortly after a