My Market Wizard

Filing Category: Cash Dividend

  • FIRST BANCORP /NC/ 8-K Analysis & Summary – 3/14/2025

    Analyst Summary

    • First Bancorp’s board of directors has declared a cash dividend of $0.22 per share on its common stock.
    • The dividend is payable on April 25, 2025, to shareholders of record as of March 31, 2025.
    • The decision to declare a dividend is supported by the company’s strong fourth-quarter performance, including increases in adjusted net income and adjusted EPS.
    • First Bancorp maintains strong capital, liquidity, and credit quality.

    Potential Implications

    Stock Price

    • The continued payment of cash dividends may positively influence investor perception and potentially support the stock price.
    • The dividend announcement could attract investors seeking regular income, potentially increasing demand for the stock.