First Community Corporation (NASDAQ:FCCO) Plans Quarterly Dividend of $0.17

First Community Corporation (NASDAQ:FCCO) declared a quarterly dividend on Wednesday, October 21st. Shareholders of record on Tuesday, November 3rd will be given a dividend of $0.17 per share by the bank on Tuesday, November 17th. This represents a $0.68 annualized dividend and a yield of 2.1%. The ex-dividend date of this dividend is Tuesday, November 3rd.

First Community has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend every year for the last 4 years. First Community has a payout ratio of 25.0% meaning its dividend is sufficiently covered by earnings. Analysts expect First Community to earn $3.30 per share next year, which means the company should continue to be able to cover its $0.68 annual dividend with an expected future payout ratio of 20.6%.

First Community Price Performance

Shares of NASDAQ:FCCO traded up $0.16 during midday trading on Wednesday, hitting $32.77. The stock had a trading volume of 53,943 shares, compared to its average volume of 72,462. The company’s 50-day moving average price is $33.32 and its 200-day moving average price is $32.19. The company has a market capitalization of $308.04 million, a P/E ratio of 12.23 and a beta of 0.33. The company has a quick ratio of 0.81, a current ratio of 0.82 and a debt-to-equity ratio of 0.07. First Community has a fifty-two week low of $26.42 and a fifty-two week high of $35.74.

First Community (NASDAQ:FCCO) last issued its quarterly earnings results on Wednesday, October 21st. The bank reported $0.86 earnings per share for the quarter, topping analysts’ consensus estimates of $0.80 by $0.06. The company had revenue of $26.23 million during the quarter, compared to the consensus estimate of $26.01 million. First Community had a net margin of 18.32% and a return on equity of 13.23%. As a group, equities research analysts predict that First Community will post 3.14 EPS for the current fiscal year.

About First Community

First Community Corporation is a bank holding company headquartered in Lexington, South Carolina. Through its principal subsidiary, First Community Bank, the company provides banking and financial services to individuals, families, businesses and institutions.

First Community Bank offers deposit accounts, residential and commercial real estate lending, consumer loans, business financing and other credit products. Its services also include online and mobile banking, treasury management, mortgage banking, wealth management and investment services.

Founded in 1995, First Community serves communities across South Carolina through a network of banking offices and digital channels.