FB Financial Corporation Announces 12% Increase in Quarterly Dividend
NASHVILLE, Tenn.–(Business Wire)–
FB Financial Corporation (FBK), a leading financial services company based in Nashville, Tennessee, announced today that its board of directors declared a quarterly cash dividend of $0.19 per share. This dividend represents a 12% increase compared to the previous quarterly dividend of $0.17 per share. The dividend is payable on February 25, 2025, to shareholders of record as of February 11, 2025.
Impact on Shareholders
The announcement of the increased dividend is welcome news for FB Financial Corporation’s shareholders. With the new dividend rate, shareholders will receive a higher return on their investment. For instance, an investor holding 1,000 shares of FBK will receive a quarterly dividend income of $381, an increase of $63 compared to the previous quarter.
Impact on the Economy
The decision to increase the dividend also has a ripple effect on the broader economy. As shareholders receive their dividend payments, they may choose to spend the money, injecting additional funds into the economy. Furthermore, the increased dividend may attract new investors to FB Financial Corporation, leading to increased demand for the stock and potentially driving up its price.
Quotes from FB Financial Corporation
“We are excited to declare our 28th consecutive quarterly dividend to our shareholders,” stated Christopher T. Holmes, President and Chief Executive Officer of FB Financial Corporation. “Our strong financial position allows us to continue to reward our shareholders with a growing dividend.”
About FB Financial Corporation
FB Financial Corporation is a financial holding company headquartered in Nashville, Tennessee. The company provides a range of financial services, including commercial banking, insurance, and wealth management, through its subsidiaries. FB Financial Corporation’s focus on customer service, financial stability, and community involvement has made it a trusted financial partner for individuals and businesses in Middle Tennessee and the surrounding region.
- FB Financial Corporation declares a quarterly cash dividend of $0.19 per share, a 12% increase from the previous quarter.
- Shareholders of record as of February 11, 2025, will receive the dividend payment on February 25, 2025.
- The increased dividend will result in higher returns for existing shareholders and potentially attract new investors.
- The ripple effect of the dividend payment may inject additional funds into the economy.
- FB Financial Corporation’s strong financial position enables it to continue rewarding shareholders with growing dividends.
According to other online sources, FB Financial Corporation’s strong financial performance and consistent dividend payments are indicative of a stable and profitable business. The company’s focus on customer service and community involvement has contributed to its long-term success and growth. As a result, the increased dividend is a testament to the company’s commitment to its shareholders and its confidence in its future prospects.
Conclusion
FB Financial Corporation’s announcement of a 12% increase in its quarterly dividend is a positive sign for both the company and its shareholders. The increased dividend represents a growing return on investment for existing shareholders and may attract new investors to the company. Furthermore, the ripple effect of the dividend payment may inject additional funds into the economy, contributing to overall economic growth. With a strong financial position and a commitment to customer service and community involvement, FB Financial Corporation continues to be a trusted financial partner for individuals and businesses in Middle Tennessee and beyond.
