First Financial Bancorp. (NASDAQ:FFBC) Shareholders to Get $0.26 Quarterly Dividend

First Financial Bancorp. (NASDAQ:FFBC) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.26 per share by the bank on Tuesday, December 15th. This represents a $1.04 annualized dividend and a dividend yield of 3.2%. The ex-dividend date is Tuesday, December 1st.

First Financial Bancorp. has a dividend payout ratio of 37.7% meaning its dividend is sufficiently covered by earnings. Equities analysts expect First Financial Bancorp. to earn $3.55 per share next year, which means the company should continue to be able to cover its $1.04 annual dividend with an expected future payout ratio of 29.3%.

First Financial Bancorp. Trading Down 0.4%

NASDAQ:FFBC opened at $32.54 on Wednesday. First Financial Bancorp. has a twelve month low of $23.06 and a twelve month high of $36.24. The stock has a fifty day simple moving average of $32.09 and a 200-day simple moving average of $30.84.

First Financial Bancorp. (NASDAQ:FFBC) last issued its quarterly earnings data on Tuesday, October 27th. The bank reported $0.84 EPS for the quarter, topping analysts’ consensus estimates of $0.82 by $0.02. The business had revenue of $273.91 million during the quarter, compared to the consensus estimate of $270.97 million. During the same period last year, the firm earned $0.76 EPS. Research analysts forecast that First Financial Bancorp. will post 3.18 earnings per share for the current fiscal year.

About First Financial Bancorp.

First Financial Bancorp. is a bank holding company headquartered in Cincinnati, Ohio. Through its principal subsidiary, First Financial Bank, the company provides banking and financial services to businesses, individuals and organizations.

First Financial Bank offers commercial and consumer lending, deposit accounts, treasury management, cash management and other traditional banking products. Its services also include wealth management, investment services and mortgage-related solutions, helping customers manage borrowing, deposits, payments and longer-term financial needs.

The company serves communities primarily in Ohio, Indiana and Kentucky through a network of banking offices and digital banking channels.