First Financial hikes dividend 20%
February 22, 2011
Business Courier: Date: Tuesday, February 22, 2011, 4:55pm EST
First Financial Bancorp is raising its quarterly dividend payment to shareholders 20 percent to 12 cents per share.
First Financial (Nasdaq: FFBC) paid back its Troubled Asset Relief Program borrowings of $80 million a year ago, paving the way for it to increase its dividend again. It will pay the higher dividend April 1 to shareholders of record March 4.
The downtown-based bank had cut its quarterly dividend from 17 cents a share to 10 cents two years ago. Its last dividend hike was in 2007.
First Financial, with $6.3 billion in assets, is Cincinnati's second-largest locally based bank.