First National Financial Co. Declares Monthly Dividend of $0.20 (TSE:FN)

First National Financial Co. (TSE:FN) announced a monthly dividend on Friday, March 15th, Zacks reports. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.204 per share on Monday, April 15th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.53%. The ex-dividend date of this dividend is Wednesday, March 27th.

First National Financial Trading Up 0.7 %

Shares of TSE FN traded up C$0.26 during midday trading on Tuesday, reaching C$37.46. 7,017 shares of the stock were exchanged, compared to its average volume of 33,700. The company has a 50 day simple moving average of C$39.12 and a 200 day simple moving average of C$37.80. The company has a debt-to-equity ratio of 6,070.47, a quick ratio of 10.11 and a current ratio of 10.29. The stock has a market capitalization of C$2.25 billion, a P/E ratio of 8.96, a PEG ratio of 0.70 and a beta of 1.10. First National Financial has a twelve month low of C$32.86 and a twelve month high of C$41.80.

Analyst Upgrades and Downgrades

Several equities analysts have recently commented on FN shares. BMO Capital Markets decreased their price objective on shares of First National Financial from C$44.00 to C$41.00 and set a “market perform” rating on the stock in a report on Thursday, March 7th. Royal Bank of Canada increased their price target on shares of First National Financial from C$42.00 to C$43.00 in a research note on Thursday, January 4th. Scotiabank lifted their price objective on shares of First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Finally, TD Securities increased their target price on shares of First National Financial from C$41.00 to C$44.00 and gave the stock a “hold” rating in a research note on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating, Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of C$41.83.

About First National Financial

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.