First Financial Corp (NASDAQ:THFF) announced a semiannual dividend on Thursday, May 23rd, Wall Street Journal reports. Investors of record on Monday, June 17th will be paid a dividend of 0.52 per share by the bank on Tuesday, July 2nd. The ex-dividend date is Friday, June 14th. This is an increase from First Financial’s previous semiannual dividend of $0.51.
First Financial has raised its dividend payment by an average of 1.3% per year over the last three years and has increased its dividend every year for the last 32 years. First Financial has a dividend payout ratio of 27.1% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect First Financial to earn $3.99 per share next year, which means the company should continue to be able to cover its $1.02 annual dividend with an expected future payout ratio of 25.6%.
THFF opened at $37.84 on Friday. The company has a debt-to-equity ratio of 0.05, a quick ratio of 0.83 and a current ratio of 0.83. First Financial has a 1-year low of $37.41 and a 1-year high of $53.05. The company has a market capitalization of $478.33 million, a price-to-earnings ratio of 9.96 and a beta of 0.89.
Several research firms have weighed in on THFF. Zacks Investment Research downgraded shares of First Financial from a “hold” rating to a “sell” rating in a research report on Thursday, May 16th. BidaskClub downgraded shares of First Financial from a “sell” rating to a “strong sell” rating in a research report on Wednesday, April 10th. Finally, ValuEngine downgraded shares of First Financial from a “hold” rating to a “sell” rating in a research report on Wednesday, March 20th.
First Financial Company Profile
First Financial Corporation, through its subsidiaries, provides various financial services. It offers non-interest-bearing demand, interest-bearing demand, savings, time, and other time deposits. The company also provides commercial loans primarily to expand a business or finance asset purchases; residential real estate and residential real estate construction loans; and home equity loans and lines, secured loans, and cash/CD secured and unsecured loans.
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