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FBP First Bancorp dividend history, payout ratio & dates

First Bancorp's last quarterly dividend was on Feb 22, 2024 (ex-date) with a distribution of $0.16 per share. At an annualized rate of $0.58 per share, the stock yields 3.42%. The latest dividend has grown by $0.02, or 14% from the previous dividend.

Key dates

  • FBP last dividend date: Feb 22, 2024
  • FBP next dividend date: Not announced
FBP dividend stats
DPS
$0.58
Dividend yield
3.42%
Payout ratio
35.2%
vs. Financial Services sector
Dividend yield
3.32%
Payout ratio
37.3%

Dividend yield

What is First Bancorp current dividend yield

FBP has a dividend yield of 3.42% which is higher than the Financial Services sector and its peers average but lower than the industry average. But in comparison with the Financial Services sector average of 3.32%, First Bancorp's dividend yield is only 3% higher. The current dividend yield is higher than the historical average of 2.7% of the last 5 years.

Dividend history

What is FBP dividend payout history and dates

First Bancorp has a long dividend history, including the last six consecutive years with dividend payouts. FBP has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 16% since one year ago. However with the stock price up by 17% from a year ago, the dividend yield marks a decrease of 0.8%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Feb 22, 2024 Mar 8, 2024 Feb 8, 2024 $0.16 normal
Nov 22, 2023 Dec 8, 2023 Oct 31, 2023 $0.14 normal
Aug 23, 2023 Sep 8, 2023 Jul 24, 2023 $0.14 normal
May 23, 2023 Jun 9, 2023 Apr 27, 2023 $0.14 normal
Feb 23, 2023 Mar 10, 2023 Feb 9, 2023 $0.14 normal
Nov 23, 2022 Dec 9, 2022 Oct 28, 2022 $0.12 normal
Aug 24, 2022 Sep 9, 2022 Jul 21, 2022 $0.12 normal
May 24, 2022 Jun 10, 2022 Apr 27, 2022 $0.12 normal
Feb 24, 2022 Mar 11, 2022 Feb 10, 2022 $0.1 normal
Nov 24, 2021 Dec 10, 2021 Oct 22, 2021 $0.1 normal
Aug 25, 2021 Sep 10, 2021 Jul 29, 2021 $0.07 normal
May 25, 2021 Jun 11, 2021 Apr 28, 2021 $0.07 normal
Feb 25, 2021 Mar 12, 2021 Jan 28, 2021 $0.07 normal
Nov 25, 2020 Dec 11, 2020 Oct 30, 2020 $0.05 normal
Aug 26, 2020 Sep 11, 2020 Jul 31, 2020 $0.05 normal
May 27, 2020 Jun 12, 2020 Apr 24, 2020 $0.05 normal
Feb 27, 2020 Mar 13, 2020 Feb 6, 2020 $0.05 normal
Nov 27, 2019 Dec 13, 2019 Oct 25, 2019 $0.05 normal
Aug 28, 2019 Sep 13, 2019 Jul 31, 2019 $0.03 normal
May 29, 2019 Jun 14, 2019 May 16, 2019 $0.03 normal
Feb 27, 2019 Mar 15, 2019 Feb 14, 2019 $0.03 normal
Nov 29, 2018 Dec 14, 2018 Nov 14, 2018 $0.03 normal

First Bancorp dividend payout ratio

What is First Bancorp dividend payout ratio compared to the sector

Payout ratio

FBP has a payout ratio of 35.2% which is higher than its peers average but lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 37.3%, First Bancorp's payout ratio is 6% lower.

Total amount of dividends paid per financial year (from cash flow)

FBP dividend vs peer dividends

How does FBP dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
NWBI Northwest Bancshares Inc 6.98% $0.8 75.5%
FBP First Bancorp 3.42% $0.58 35.2%
BPOP Popular Inc 2.71% $2.27 23.2%
OFG Ofg Bancorp 2.43% $0.88 22.9%
FCNCA First Citizens Bancshares Inc 0.3% $4.78 0.6%

Frequently asked questions

Does First Bancorp pay a dividend?

Yes, First Bancorp has been paying dividends for the last six years.

When is First Bancorp's next dividend?

FBP hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in May 2024.

When was FBP's last dividend?

First Bancorp's last regular dividend was on Feb 22, 2024 (ex-date) with the amount of $0.16 per share.

How much dividend does First Bancorp pay (per share)?

FBP's annualized dividend per share is $0.58.

What is First Bancorp's dividend yield?

Currently First Bancorp's dividend yield is 3.42%.

How often does First Bancorp pay dividends?

First Bancorp pays four dividends per year.

What is First Bancorp's dividend payout ratio?

First Bancorp's dividend payout ratio is 35.2%.

Does First Bancorp pay a good dividend?

First Bancorp's dividend yield is in line with the Financial Services sector average.