First Bancorp Announces Cash Dividend Increase
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SOUTHERN PINES, N.C., March 15, 2021 /PRNewswire/ The Board of Directors of First Bancorp (NASDAQ - FBNC), the parent company of First Bank, has declared a cash dividend on its common stock of $0.20 per share payable on April 25, 2021 to shareholders of record as of March 31, 2021. The $0.20 dividend rate represents an 11.1% increase over the previous dividend rate of $0.18.
First Bancorp is a bank holding company headquartered in Southern Pines, North Carolina, with total assets of approximately $7.3 billion. Its principal activity is the ownership and operation of First Bank, a state-chartered community bank that operates 101 branches in North Carolina and South Carolina. First Bank also provides SBA loans to customers through its nationwide network of lenders – for more information on First Bank s SBA lending capabilities, please visit www.firstbanksba.com. First Ba
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SOUTHERN PINES, N.C., March 10, 2021 /PRNewswire/ First Bank, North Carolina s largest community bank, has created a new corporate social responsibility program its calling the Power of Good.
The Power of Good will launch with two initiatives: the first kicks off on March 19, in celebration of the International Day of Happiness on March 20. That Friday, every First Bank employee (including those of the larger holding company, First Bancorp) will be given $20 to perform good deeds for unsuspecting strangers at any time through the following Friday (March 26).
With every deed done, associates will leave behind a small card encouraging the recipient to continue the chain of good and to visit www.localgooddeeds.com to share what they did to pay it forward.
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Coming out of a recession is typically a good time to look for stocks. You can find good values in companies that have been beaten down due to macroeconomic or other forces, but you can also find great growth stocks of small companies that are poised to break out in an improving economy.
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First BanCorp Announces Increase in Quarterly Cash Dividend to $0.07 Per Share
First BanCorp Announces Increase in Quarterly Cash Dividend to $0.07 Per Share First BanCorp. (the Corporation) (NYSE: FBP), the bank holding company for FirstBank Puerto Rico, announced today that its Board of Directors has declared a quarterly cash dividend of $0.07 per share, which represents an increase of $0.02 per common share compared to its most recent dividend paid on December 11, 2020. The dividend is payable on March 12, 2021 to shareholders of record at the close of business on February 26, 2021. We are very pleased to provide an increase to the quarterly cash dividend payment on the Corporations common stock from $0.05 to $0.07 commencing in the first quarter of 2021, the dividend increase is well supported by our current and projected earnings as we continue executing our business plan, said Aurelio Alem¡n, President and CEO of Corporation.
First BanCorp (NYSE:FBP). All three are compelling prospects, and you can own a full 100-share round lot of each for less than $1,000 apiece.
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Share Price: $9.45
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