First Bancorp Declares Q1 Cash Dividend, Offering Attractive 5.31% Annualized Yield

summarizeSummary

First Bancorp announced a quarterly cash dividend of 37 cents per share, representing an attractive annualized yield of 5.31% based on recent trading prices.

check_boxKey Events

• Quarterly Dividend Declared

  The company declared a cash dividend of 37 cents per share for the first quarter of 2026.

• Attractive Annualized Yield

  Based on the March 25, 2026 closing price of $27.88, the annualized dividend of $1.48 per share represents a yield of 5.31%.

• Payment Details

  The dividend is payable on April 17, 2026, to shareholders of record as of April 7, 2026.

auto_awesomeAnalysis

This dividend declaration reinforces First Bancorp's commitment to shareholder returns, following a year of strong financial performance as reported in its recent 10-K. The attractive annualized yield of over 5% makes the stock appealing to income-focused investors and signals management's confidence in the company's ongoing profitability and cash flow generation.