First Community Corporation (NASDAQ:FCCO) Announces Quarterly Dividend of $0.17

First Community Corporation (NASDAQ:FCCO) declared a quarterly dividend on Wednesday, July 22nd. Investors of record on Tuesday, August 4th will be given a dividend of 0.17 per share by the bank on Tuesday, August 18th. This represents a c) annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, August 4th. This is a 6.3% increase from First Community’s previous quarterly dividend of $0.16.

First Community has raised its dividend payment by an average of 0.1%annually over the last three years and has raised its dividend every year for the last 4 years. First Community has a dividend payout ratio of 23.5% meaning its dividend is sufficiently covered by earnings. Analysts expect First Community to earn $3.22 per share next year, which means the company should continue to be able to cover its $0.64 annual dividend with an expected future payout ratio of 19.9%.

First Community Trading Up 0.8%

NASDAQ:FCCO traded up $0.25 during trading hours on Wednesday, hitting $32.49. 75,596 shares of the stock were exchanged, compared to its average volume of 79,700. The company has a market capitalization of $305.34 million, a P/E ratio of 12.74 and a beta of 0.34. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.07. The company’s 50 day moving average is $31.52 and its two-hundred day moving average is $30.27. First Community has a twelve month low of $24.12 and a twelve month high of $34.01.

First Community (NASDAQ:FCCO) last released its earnings results on Wednesday, July 22nd. The bank reported $0.84 EPS for the quarter, beating the consensus estimate of $0.69 by $0.15. First Community had a return on equity of 13.00% and a net margin of 17.29%. On average, sell-side analysts anticipate that First Community will post 2.97 earnings per share for the current fiscal year.

First Community Company Profile

First Community Financial Corp. (NASDAQ: FCCO) is the bank holding company for First Community Bank, a full-service commercial bank headquartered in Bluefield, West Virginia. Through its subsidiary, the company delivers a comprehensive range of financial services to individuals, small businesses and larger commercial clients. Its operations are focused on community banking, with an emphasis on personalized relationship management and local decision-making.

The company’s core offerings include deposit products such as checking and savings accounts, certificates of deposit and money market accounts, as well as consumer and commercial lending solutions.