First Financial (FFIN) Reports 2-for-1 Share Split, Effective May 15th; Raises Quarterly Dividend 14.3% to $0.12, 1.6% Yield (Post Split)

First Financial (NASDAQ: FFIN) declared a quarterly dividend of $0.12 per share, or $0.48 annualized. This is a 14.3% increase from the prior dividend of $0.105.

The dividend will be payable on July 1, 2019, to stockholders of record on June 17, 2019, with an ex-dividend date of June 14, 2019.

The annual yield on the dividend is 1.6 percent, post 2-for-1 split.

2-for 1 Share Split Announcement

Today the Board declared a two-for-one stock split in the form of a 100 percent stock dividend. The stock split will be effective for shareholders of record on May 15, 2019, with distribution on June 3, 2019. The Board also declared a $0.12 per share cash dividend for the second quarter, post-split, which represents a 14.3 percent increase and will be paid to shareholders of record on June 17, 2019, with payment set for July 1, 2019.

At the Shareholders' Meeting, shareholders elected Mike Denny, Owner/President of Batjer and Associates, Inc. from Abilene, Texas and Robert Nickles, Jr., Executive Chairman of Alegacy Group, LLC from Houston, Texas to the Company's Board of Directors.

Shareholders also re-elected ten existing members to the Board of Directors. The re-elected directors are April Anthony, CEO, Encompass Health - Home Health and Hospice and Homecare Homebase, Dallas; Tucker S. Bridwell, President of Mansfeldt Investment Corporation, Abilene; David Copeland, President, SIPCO, Inc., and Shelton Family Foundation, Abilene; F. Scott Dueser, Chairman, President and CEO of First Financial Bankshares, Abilene; Murray Edwards, Principal, The Edwards Group, Clyde; Ron Giddiens, investment and business consultant, San Angelo; Tim Lancaster, retired President and CEO of Hendrick Health System, Lubbock; Kade Matthews, ranching and investments, Amarillo; Ross H. Smith Jr., Chairman and President, Akrotex Inc., Orange; and Johnny E. Trotter, President and CEO, Livestock Investors, Ltd., Hereford.

"We are pleased to announce this stock split and an increase of our quarterly cash dividend for our shareholders," said F. Scott Dueser, Chairman, President and CEO. "We also welcome Mike Denny and Bob Nickles to the Board of Directors and know their business experience and expertise will greatly benefit First Financial Bankshares."

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

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