First Connecticut Bancorp (FBNK) Raises Quarterly Dividend 22.2% to $0.11; 1.8% Yield

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Go back to First Connecticut Bancorp (FBNK) Raises Quarterly Dividend 22.2% to $0.11; 1.8% Yield

First Connecticut Bancorp, Inc. Increases Quarterly Dividend $0.02 and Sets Date for Annual Stockholders Meeting

March 1, 2017 10:58 AM EST

FARMINGTON, Conn., March 01, 2017 (GLOBE NEWSWIRE) -- First Connecticut Bancorp, Inc. (NASDAQ: FBNK) announced that its Board of Directors has voted to increase its quarterly dividend to $0.11 per share, an increase of $0.02. In making this announcement, John J. Patrick, Jr., Chairman, President, & CEO said, Having just completed a successful year in 2016 earning $1.00 per share, the Board of Directors decided it was prudent to raise the quarterly dividend $0.02 to $0.11 per share.  This dividend represents the 22nd consecutive dividend paid to shareholders. Dividends will be payable on March 20, 2017 to all shareholders of record as of March 10,... More