First National Financial Corp (FN) Announces $0.15 Monthly Dividend

First National Financial Corp (TSE:FN) announced a monthly dividend on Friday, June 15th, Zacks reports. Investors of record on Friday, June 29th will be paid a dividend of 0.154 per share on Monday, July 16th. This represents a $1.85 dividend on an annualized basis and a yield of 6.53%. The ex-dividend date of this dividend is Thursday, June 28th.

First National Financial traded down C$0.28, reaching C$28.32, during mid-day trading on Friday, according to Marketbeat. 24,300 shares of the stock were exchanged, compared to its average volume of 18,651. First National Financial has a 1 year low of C$24.64 and a 1 year high of C$29.99.

First National Financial (TSE:FN) last announced its quarterly earnings results on Tuesday, May 1st. The company reported C$0.59 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of C$0.59. First National Financial had a net margin of 17.02% and a return on equity of 38.00%. The firm had revenue of C$256.70 million for the quarter.

In related news, Director Stephen Smith acquired 1,915 shares of First National Financial stock in a transaction on Friday, April 13th. The stock was bought at an average cost of C$26.35 per share, for a total transaction of C$50,460.25.

A number of brokerages recently issued reports on FN. Scotiabank increased their price target on shares of First National Financial from C$26.00 to C$27.50 and gave the stock a “sector perform” rating in a report on Thursday, May 3rd. BMO Capital Markets increased their price target on shares of First National Financial from C$26.00 to C$28.00 in a report on Thursday, May 3rd. National Bank Financial raised shares of First National Financial from an “underperform market weight” rating to a “sector perform market weight” rating in a report on Monday, April 30th. Finally, Royal Bank of Canada raised shares of First National Financial from an “underperform” rating to a “sector perform” rating and set a C$28.00 price target on the stock in a report on Monday, April 23rd. Four research analysts have rated the stock with a hold rating, First National Financial presently has an average rating of “Hold” and an average target price of C$27.43.

About First National Financial

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, as well as engages in the mortgage broker distribution channel operations.

Dividend History for First National Financial (TSE:FN)

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