First National Financial Corp Plans Monthly Dividend of $0.16 (TSE:FN)

First National Financial Corp (TSE:FN) declared a monthly dividend on Friday, June 14th, Zacks reports. Stockholders of record on Friday, June 28th will be given a dividend of 0.158 per share on Monday, July 15th. This represents a $1.90 annualized dividend and a dividend yield of 6.06%. The ex-dividend date of this dividend is Thursday, June 27th.

FN traded down C$0.24 during trading hours on Wednesday, hitting C$31.29. 15,200 shares of the stock were exchanged, compared to its average volume of 19,407. The stock has a 50-day simple moving average of C$30.64. First National Financial has a 12 month low of C$25.38 and a 12 month high of C$32.51. The firm has a market capitalization of $1.88 billion and a PE ratio of 12.43. The company has a debt-to-equity ratio of 6,865.68, a quick ratio of 10.75 and a current ratio of 10.95.

First National Financial (TSE:FN) last announced its quarterly earnings data on Tuesday, April 30th. The company reported C$0.38 earnings per share (EPS) for the quarter. The firm had revenue of C$286.31 million for the quarter. As a group, equities research analysts anticipate that First National Financial will post 3.02 earnings per share for the current fiscal year.

In other news, insider FNSC Holdings Inc. bought 11,669 shares of the stock in a transaction that occurred on Thursday, April 25th. The shares were purchased at an average cost of C$32.15 per share, with a total value of C$375,158.35. Following the completion of the acquisition, the insider now directly owns 6,955,784 shares in the company, valued at C$223,628,455.60.

Several equities analysts recently issued reports on the company. BMO Capital Markets restated a “market perform” rating and set a C$30.00 price objective on shares of First National Financial in a research note on Wednesday, February 27th. Royal Bank of Canada lowered their price target on First National Financial from C$32.00 to C$31.00 and set an “underperform” rating on the stock in a report on Wednesday, May 1st. National Bank Financial raised their price target on First National Financial from C$27.00 to C$30.00 and gave the company a “sector perform” rating in a report on Tuesday, April 30th. Finally, TD Securities raised First National Financial from a “hold” rating to a “buy” rating and raised their price target for the company from C$29.00 to C$32.00 in a report on Wednesday, February 27th.

First National Financial Company Profile

First National Financial Corporation, through its subsidiaries, originates, underwrites, and services residential and commercial mortgages in Canada. It offers single family residential, and multi-unit residential and commercial mortgages. The company provides its services through mortgage broker distribution channel, as well as through online.

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Dividend History for First National Financial (TSE:FN)

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