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First Farmers and Merchants (OTC Pink: FFMH) has announced a 12.5% increase in its regular quarterly cash dividend. The new dividend of $0.27 per share, up from $0.24, will be paid on October 21, 2024, to shareholders of record as of October 7, 2024.
Brian K. Williams, Chairman and CEO of First Farmers, stated that this increase reflects the company’s positive outlook and continued growth opportunities. He emphasized that the higher dividend demonstrates confidence in the company’s trajectory and commitment to building long-term shareholder value. Williams also noted that First Farmers has strong fundamentals and has positioned its balance sheet to deliver improving net interest income in the coming quarters.
First Farmers and Merchants (OTC Pink: FFMH) ha annunciato un aumento del 12,5% del suo dividendo in contante trimestrale. Il nuovo dividendo di $0,27 per azione, rispetto a $0,24, sarà pagato il 21 ottobre 2024 agli azionisti registrati fino al 7 ottobre 2024.
Brian K. Williams, Presidente e CEO di First Farmers, ha dichiarato che questo aumento riflette l’ottimismo dell’azienda e le opportunità di crescita continue. Ha sottolineato che il dividendo più elevato dimostra fiducia nel percorso dell’azienda e l’impegno a costruire valore per gli azionisti a lungo termine. Williams ha anche osservato che First Farmers ha fondamentali solidi e ha posizionato il suo bilancio per garantire un aumento del reddito netto da interessi nei prossimi trimestri.
First Farmers and Merchants (OTC Pink: FFMH) ha anunciado un aumento del 12,5% en su dividendo en efectivo trimestral regular. El nuevo dividendo de $0,27 por acción, en comparación con $0,24, se pagará el 21 de octubre de 2024 a los accionistas registrados a partir del 7 de octubre de 2024.
Brian K. Williams, Presidente y CEO de First Farmers, afirmó que este aumento refleja una perspectiva positiva de la empresa y oportunidades de crecimiento continuas. Subrayó que el dividendo más alto demuestra confianza en la trayectoria de la empresa y el compromiso de construir valor para los accionistas a largo plazo. Williams también mencionó que First Farmers tiene fundamentos sólidos y ha posicionado su balance para generar un mejora en el ingreso neto por intereses en los próximos trimestres.
퍼스트 파머스 앤 머천츠 (OTC 핑크: FFMH)는 정기 분기 현금 배당금을 12.5% 인상한다고 발표했습니다. 새 배당금은 주당 $0.27로, 이전의 $0.24에서 인상되었으며, 2024년 10월 21일에 2024년 10월 7일 기준 주주에게 지급될 예정입니다.
퍼스트 파머스의 의장 겸 CEO인 브라이언 K. 윌리엄스는 이 인상이 회사의 긍정적인 전망과 지속적인 성장 기회를 반영한다고 언급했습니다. 그는 더 높은 배당금이 회사의 발전에 대한 신뢰를 보여주며, 장기적인 주주 가치를 구축하기 위한 의지를 표현한다고 강조했습니다. 윌리엄스는 또한 퍼스트 파머스가 강력한 기반을 갖추고 있으며, 향후 분기에서 순이자 수익 개선을 위해 재무 구조를 조정했다고 덧붙였습니다.
First Farmers and Merchants (OTC Pink: FFMH) a annoncé une augmentation de 12,5% de son dividende en espèces trimestriel régulier. Le nouveau dividende de $0,27 par action, contre $0,24 auparavant, sera payé le 21 octobre 2024 aux actionnaires enregistrés au 7 octobre 2024.
Brian K. Williams, président et PDG de First Farmers, a déclaré que cette augmentation reflète une perspective positive de l’entreprise et des opportunités de croissance continues. Il a souligné que le dividende plus élevé témoigne de la confiance dans la trajectoire de l’entreprise et de l’engagement à construire de la valeur pour les actionnaires à long terme. Williams a également noté que First Farmers possède des fondamentaux solides et a positionné son bilan pour offrir une amélioration du revenu net d’intérêts dans les trimestres à venir.
First Farmers and Merchants (OTC Pink: FFMH) hat eine 12,5%ige Erhöhung seiner regulären vierteljährlichen Bar-Dividende angekündigt. Die neue Dividende von $0,27 pro Aktie, gegenüber $0,24, wird am 21. Oktober 2024 an die Aktionäre ausgezahlt, die bis zum 7. Oktober 2024 Aktien im Besitz hatten.
Brian K. Williams, Vorsitzender und CEO von First Farmers, erklärte, dass diese Erhöhung die positive Perspektive und die fortdauernden Wachstumschancen des Unternehmens widerspiegelt. Er betonte, dass die höhere Dividende Vertrauen in die Entwicklung des Unternehmens zeigt und das Engagement zur Schaffung langfristiger Aktionärswerte bekräftigt. Williams fügte auch hinzu, dass First Farmers über solide Fundamentaldaten verfügt und seine Bilanz so gestaltet, dass sie eine Verbesserung der Nettzinsgewinne in den kommenden Quartalen erzielen kann.
Positive
- 12.5% increase in quarterly cash dividend to $0.27 per share
- Positive outlook and continued growth opportunities
- Strong company fundamentals
- Balance sheet positioned for improving net interest income
COLUMBIA, Tenn.–(BUSINESS WIRE)– First Farmers and Merchants Corporation (OTC Pink: FFMH), the holding company for First Farmers and Merchants Bank, today announced that its Board of Directors increased its regular quarterly cash dividend by 12.5% to $0.27 per share from $0.24 per share. The new higher dividend rate will be paid on October 21, 2024, to shareholders of record as of October 7, 2024.
“We are pleased to announce a 12.5% increase in our cash dividend per share,” stated Brian K. Williams, Chairman and Chief Executive Officer of First Farmers. “We believe the increase in our cash dividend highlights our positive outlook for First Farmers and our continued opportunities for growth.
“The increase in the cash dividend reflects our confidence in the trajectory of our company and our commitment to building long-term shareholder value for First Farmers’ shareholders. The fundamentals of First Farmers are strong as we have positioned our balance sheet to deliver improving net interest income in the coming quarters,” concluded Williams.
About First Farmers and Merchants Corporation and First Farmers and Merchants Bank
First Farmers and Merchants Corporation is the holding company for First Farmers and Merchants Bank, a community bank serving the Middle Tennessee area through 22 offices in seven Middle Tennessee counties. As of June 30, 2024, First Farmers reported total assets of approximately $1.9 billion, total shareholders’ equity of approximately $126 million, and administered trust assets of $6.0 billion. For more information about First Farmers, visit us on the Web at www.myfirstfarmers.com under “Investor Relations.”
View source version on businesswire.com: https://www.businesswire.com/news/home/20240924719626/en/
Robert E. Krimmel
Chief Financial Officer
(931) 380-8257
Source: First Farmers and Merchants Corporation
FAQ
What is the new quarterly dividend amount for First Farmers and Merchants (FFMH)?
The new quarterly dividend amount for First Farmers and Merchants (FFMH) is $0.27 per share, representing a 12.5% increase from the previous $0.24 per share.
When will First Farmers and Merchants (FFMH) pay its increased dividend?
First Farmers and Merchants (FFMH) will pay its increased dividend on October 21, 2024, to shareholders of record as of October 7, 2024.
What does the dividend increase indicate about First Farmers and Merchants ‘s (FFMH) financial outlook?
The dividend increase indicates a positive financial outlook for First Farmers and Merchants (FFMH). The company cites strong fundamentals, growth opportunities, and expectations of improving net interest income in coming quarters.
How much has First Farmers and Merchants (FFMH) increased its dividend?
First Farmers and Merchants (FFMH) has increased its quarterly cash dividend by 12.5%, from $0.24 per share to $0.27 per share.
