First National Financial Corp (FN) to Issue Monthly Dividend of $0.16

First National Financial Corp (TSE:FN) declared a monthly dividend on Wednesday, May 15th, Zacks reports. Stockholders of record on Friday, May 31st will be given a dividend of 0.158 per share on Friday, June 14th. This represents a $1.90 dividend on an annualized basis and a dividend yield of 6.35%. The ex-dividend date of this dividend is Thursday, May 30th.

Shares of First National Financial stock traded up C$0.04 on Friday, reaching C$29.84. 5,300 shares of the company traded hands, compared to its average volume of 19,222. First National Financial has a 52 week low of C$25.38 and a 52 week high of C$32.51. The company has a market capitalization of $1.79 billion and a P/E ratio of 11.85. The company has a quick ratio of 10.75, a current ratio of 10.95 and a debt-to-equity ratio of 6,865.68.

First National Financial (TSE:FN) last released its earnings results on Monday, February 25th. The company reported C$0.53 earnings per share for the quarter, missing the Zacks’ consensus estimate of C$0.70 by C($0.17). The firm had revenue of C$312.04 million for the quarter. Equities analysts expect that First National Financial will post 3.01999996753779 EPS for the current fiscal year.

In related news, insider FNSC Holdings Inc. acquired 11,669 shares of the stock in a transaction dated Thursday, April 25th. The shares were purchased at an average price of C$32.15 per share, for a total transaction of C$375,158.35. Following the transaction, the insider now owns 6,955,784 shares in the company, valued at approximately C$223,628,455.60.

Several research firms recently commented on FN. National Bank Financial raised their price objective on shares of First National Financial from C$27.00 to C$30.00 and gave the stock a “sector perform” rating in a report on Tuesday, April 30th. Royal Bank of Canada lowered their target price on shares of First National Financial from C$32.00 to C$31.00 and set an “underperform” rating on the stock in a research note on Wednesday, May 1st. BMO Capital Markets reiterated a “market perform” rating and issued a C$30.00 target price on shares of First National Financial in a research note on Wednesday, February 27th. Finally, TD Securities upgraded shares of First National Financial from a “hold” rating to a “buy” rating and increased their target price for the stock from C$29.00 to C$32.00 in a research note on Wednesday, February 27th.

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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. The company provides its services through mortgage broker distribution channel, as well as through online.

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Dividend History for First National Financial (TSE:FN)

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