First National Financial Co. (TSE:FN) Increases Dividend to $0.20 Per Share

First National Financial Co. (TSE:FN - Get Free Report) announced a monthly dividend on Monday, April 15th, TickerTech reports. Shareholders of record on Tuesday, April 30th will be paid a dividend of 0.2042 per share on Wednesday, May 15th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.62%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from First National Financial's previous monthly dividend of $0.20.

First National Financial Trading Down 1.5 %

Shares of FN traded down C$0.57 during trading on Wednesday, reaching C$37.04. 17,369 shares of the company traded hands, compared to its average volume of 32,578. First National Financial has a twelve month low of C$32.86 and a twelve month high of C$41.80. The stock has a market cap of C$2.22 billion, a PE ratio of 8.93, a price-to-earnings-growth ratio of 0.70 and a beta of 1.10. The stock has a 50-day simple moving average of C$38.24 and a 200-day simple moving average of C$37.87. The company has a quick ratio of 10.11, a current ratio of 10.29 and a debt-to-equity ratio of 6,070.47.

First National Financial (TSE:FN - Get Free Report) last announced its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 earnings per share for the quarter, beating analysts' consensus estimates of C$0.22 by C$0.50. First National Financial had a net margin of 33.65% and a return on equity of 35.19%. The business had revenue of C$199.30 million during the quarter, compared to analysts' expectations of C$164.10 million. On average, analysts anticipate that First National Financial will post 3.8981289 earnings per share for the current year.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Scotiabank lifted their price objective on shares of First National Financial from C$44.00 to C$45.00 and gave the company a "sector perform" rating in a report on Wednesday, January 31st. BMO Capital Markets dropped their price objective on shares of First National Financial from C$44.00 to C$41.00 and set a "market perform" rating for the company in a report on Thursday, March 7th. TD Securities lifted their price objective on shares of First National Financial from C$41.00 to C$44.00 and gave the company a "hold" rating in a report on Thursday, March 7th. Finally, Royal Bank of Canada lifted their price objective on shares of First National Financial from C$42.00 to C$43.00 in a report on Thursday, January 4th. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of C$41.83.

About First National Financial

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.