First Fmrs & Merchants Corp (FFMH) Raises Quarterly Dividend 5% to $0.21; 2% Yield

First Fmrs & Merchants Corp (OTC: FFMH) declared a quarterly dividend of $0.21 per share, or $0.84 annualized. This is a 5% increase from the prior dividend of $0.20.

The dividend will be payable on January 14, 2019, to stockholders of record on December 31, 2018, with an ex-dividend date of December 28, 2018.

The annual yield on the dividend is 2 percent.

Commenting on the announcement, T. Randy Stevens, Chairman and Chief Executive Officer, said, “We are pleased to again raise our quarterly cash dividends paid to shareholders, enabling our investors to participate more directly in First Farmers’ ongoing growth, improving financial performance and strong capital position. This dividend marks the third increase in our cash payout over the past five years, for a cumulative increase of 13%, and represents the 78th consecutive dividend for First Farmers shareholders.”

For a dividend history and other dividend-related data on First Fmrs & Merchants Corp (FFMH) click here.

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