First Guaranty slashes dividend to just 1 cent a share [Yahoo! Finance]
First Guaranty Bancshares, Inc. (FGBI)
NASDAQ:AMEX Investor Relations:
fgb.net/investor-relations
Company Research
Source: Yahoo! Finance
First Guaranty Bancshares in Hammond, Louisiana, cut its dividend from 8 cents a share to just a penny, its second reduction this year as the bank struggles to lower its costs and increase capital. Shareholders started the year with dividends of 16 cents a share. The new payout, equal to 4 cents a year, represents an annual yield of about 0.3% based on Thursday's share price of $12.28. The new dividend is expected to be paid on Dec. 31 to shareholders of record as of Dec. 27, according to a filing with the Securities and Exchange Commission. The company did not respond to a request for comment. The reduction comes about five months after the $3.9 billion-asset First Guaranty cut its dividend payment in half and eliminated 71 jobs, or roughly 15% of its workforce. At the time, the bank said the moves were part of an effort to lower costs while increasing capital and slowing asset growth. Over the past 18 months, First Guaranty has shifted from a growth strategy to conservati
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News
- First Guaranty Bancshares (NASDAQ:FGBI) stock falls 12% in past week as three-year earnings and shareholder returns continue downward trend [Yahoo! Finance]Yahoo! Finance
- First Guaranty Bancshares Third Quarter 2024 Earnings: EPS: US$0.11 (vs US$0.10 in 3Q 2023) [Yahoo! Finance]Yahoo! Finance
- First Guaranty Bancshares, Inc. Announces Third Quarter 2024 Financial ResultsGlobeNewswire
FGBI
Sec Filings
- 12/17/24 - Form 8-K
- 11/12/24 - Form 10-Q
- 11/8/24 - Form 8-K
- FGBI's page on the SEC website