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First Bancorp (FBNC) Approves $0.08 Per Share Quarterly Dividend

May 28, 2009 11:03 AM EDT
FBNC Hot Sheet
Overall Analyst Rating:
    NEUTRAL (Up Up)

Dividend Yield: 2.9%
First Bancorp (Nasdaq: FBNC) has declared a cash dividend of $0.08 per share payable July 24, 2009 to shareholders of record as of June 30, 2009. The $0.08 per share dividend rate is the same as the rate declared in the first quarter of 2009 and is a decrease from the $0.19 per share rate declared in the second quarter of 2008.

Current annual dividend yield is 2.40%.

First Bancorp operates as a bank holding company for First Bank that provides a range of banking services to individuals and small to medium-sized businesses. [SM]

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