First Community Co. (NASDAQ:FCCO) to Issue Quarterly Dividend of $0.15

First Community Co. (NASDAQ:FCCO) announced a quarterly dividend on Wednesday, January 22nd,RTT News reports. Shareholders of record on Tuesday, February 4th will be paid a dividend of 0.15 per share by the bank on Tuesday, February 18th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 2.44%.

First Community has raised its dividend payment by an average of 6.5% annually over the last three years. First Community has a payout ratio of 24.5% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect First Community to earn $2.08 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 28.8%.

First Community Stock Performance

Shares of FCCO stock opened at $24.57 on Thursday. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.79 and a current ratio of 0.79. The firm has a market cap of $187.71 million, a P/E ratio of 14.54 and a beta of 0.42. The firm’s 50 day moving average price is $24.60 and its 200-day moving average price is $22.63. First Community has a one year low of $15.40 and a one year high of $26.48.

First Community (NASDAQ:FCCO) last released its quarterly earnings results on Wednesday, January 22nd. The bank reported $0.55 EPS for the quarter, topping analysts’ consensus estimates of $0.49 by $0.06. First Community had a return on equity of 9.57% and a net margin of 12.99%. During the same quarter in the previous year, the business earned $0.43 EPS. As a group, equities research analysts predict that First Community will post 1.76 EPS for the current year.

First Community Company Profile

First Community Corporation operates as the bank holding company for First Community Bank that provides various commercial and retail banking products and services to small-to-medium sized businesses, professionals, and individuals. The company operates through Commercial and Retail Banking, Mortgage Banking, and Investment Advisory and Non-Deposit segments.