First Financial Bancorp (FFBC) Raises Quarterly Dividend 10% to $0.22; 3.4% Yield

First Financial Bancorp (NASDAQ: FFBC) declared a quarterly dividend of $0.22 per share, or $0.88 annualized. This is a 10% increase from the prior dividend of $0.20.

The dividend will be payable on March 15, 2019, to stockholders of record on March 1, 2019, with an ex-dividend date of February 28, 2019.

The annual yield on the dividend is 3.4 percent.

Mr. Brown continued, "Fourth quarter core banking trends were positive and loan originations were stronger than they have been all year, however elevated payoffs, particularly in ICRE (investment commercial real estate), led to a slight decline in overall loan balances. In addition to positive loan origination trends, we were particularly pleased with our ability to grow deposits during the the quarter while maintaining a pricing discipline that benefits both our clients and our shareholders."

Mr. Brown concluded, "2018 was a year of significant change for First Financial. We are highly encouraged by the way in which the Company has come together culturally and performed financially. Successfully completing a transformational merger while producing high level returns reflects the hard work of our associates and dedication to serving the needs of our clients and shareholders. We remain confident in our ability to sustain these results and our outlook for the future continues to be very optimistic."

For a dividend history and other dividend-related data on First Financial Bancorp (FFBC) click here.

You May Also Be Interested In

• Farmers & Merchants Bancorp (FMCB) Raises Quarterly Dividend 4.7% to $5.60; 1.6% Yield
• Mobix Labs agrees to acquire Special Project Delivery
• OPKO Health raises $125M in notes backed by mazdutide royalties