First National Bank Alaska Announces Quarterly Dividend Increase

First National Bank Alaska (OTCMKTS:FBAK) declared a quarterly dividend on Monday, February 3rd, as reported by NASDAQ Dividends. Shareholders on record as of Friday, February 28th, will receive a dividend payment of $4.00 per share on Monday, March 17th. This dividend represents an annualized figure of $16.00 and offers a yield of 7.11%. The ex-dividend date is also listed as Friday, February 28th. Notably, this marks an increase from the bank's previous quarterly dividend, which was set at $3.20.

Stock Performance of First National Bank Alaska

As of Tuesday, shares of FBAK were down by 1.2%, trading at $225.00. A total of 1,025 shares changed hands, surpassing the company’s average trading volume of 378 shares. The financial institution's 50-day moving average is $228.20, while its 200-day moving average stands at $214.56. With a market capitalization of $713.25 million, the bank has a price-to-earnings (P/E) ratio of 11.19 and a beta of 0.31. Over the past year, First National Bank Alaska has recorded a low of $190.00 and a high of $243.98.

In its last earnings report, released on November 6th, First National Bank Alaska announced earnings of $5.68 per share for the quarter.

About First National Bank Alaska

First National Bank Alaska is a commercial banking institution that provides a range of banking products and services. It caters to individuals, businesses, and industries primarily in the state of Alaska. The bank offers a variety of services, including savings and checking accounts, money market accounts, certificates of deposit, safe deposit services, personal loans, home equity loans, and construction loans.

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This news highlights a significant development for shareholders of First National Bank Alaska, as the company continues to increase its dividend payments, reflecting its financial stability and commitment to returning value to investors.

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