First Community Corp. (FCCO) Declares $0.11 Quarterly Dividend; 2.4% Yield

First Community Corp. (NASDAQ: FCCO) declared a quarterly dividend of $0.11 per share, or $0.44 annualized.

The dividend will be payable on May 15, 2019, to stockholders of record on April 30, 2019, with an ex-dividend date of April 29, 2019.

The annual yield on the dividend is 2.4 percent.

First Community President and CEO, Mike Crapps, commented, "The decrease in earnings is primarily attributable to two items. The first is our strategic decision to invest in the future of our franchise with two new offices in the Augusta market and the recently opened full-service office in downtown Greenville. We believe these investments in experienced bankers and facilities will payoff in the future. The second item is the lack of growth in the loan portfolio, which follows nearly two years of quarterly increases. We experienced softer demand along with greater than normal payoff/paydown activity."

For a dividend history and other dividend-related data on First Community Corp. (FCCO) click here.

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