First National Financial Corp (TSE:FN) to Issue Dividend Increase – $0.15 Per Share
First National Financial Corp (TSE:FN) declared a monthly dividend on Monday, July 17th, Zacks reports. Shareholders of record on Monday, July 31st will be paid a dividend of 0.154 per share on Tuesday, August 15th. This represents a $1.85 annualized dividend and a yield of 7.01%. The ex-dividend date of this dividend is Thursday, July 27th. This is a positive change from First National Financial Corp’s previous monthly dividend of $0.10.
Shares of First National Financial Corp (FN) traded down 0.23% on Tuesday, reaching $26.30. The company’s stock had a trading volume of 5,330 shares. First National Financial Corp has a 1-year low of $22.18 and a 1-year high of $32.23. The company’s 50 day moving average is $25.71 and its 200-day moving average is $26.72. The stock has a market cap of $1.58 billion and a PE ratio of 8.05.
Several analysts recently issued reports on FN shares. Scotiabank reiterated a “sector perform” rating and set a C$27.00 target price on shares of First National Financial Corp in a report on Wednesday, April 26th. TD Securities dropped their target price on First National Financial Corp from C$28.00 to C$26.00 and set a “hold” rating on the stock in a report on Thursday, April 27th.
About First National Financial Corp
First National Financial Corporation is a Canada-based parent company of First National Financial LP (FNFLP), which is an originator, underwriter and servicer of prime residential (single-family and multi-unit) and commercial mortgages. The Company operates through two segments: Residential (which includes single-family residential mortgages) and Commercial (which includes multi-unit residential and commercial mortgages).
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