First National Bank Alaska (OTCMKTS:FBAK) Increases Dividend to $4.00 Per Share

First National Bank Alaska (OTCMKTS:FBAK) announced a quarterly dividend on Monday, February 3rd,NASDAQ Dividends reports. Shareholders of record on Friday, February 28th will be given a dividend of 4.00 per share by the financial services provider on Monday, March 17th. This represents a $16.00 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date is Friday, February 28th. This is a boost from First National Bank Alaska’s previous quarterly dividend of $3.20.

First National Bank Alaska Stock Down 1.2 %

Shares of OTCMKTS:FBAK opened at $225.00 on Wednesday. First National Bank Alaska has a 52-week low of $190.00 and a 52-week high of $243.98. The stock’s fifty day simple moving average is $227.91 and its 200-day simple moving average is $214.73. The company has a market capitalization of $713.25 million, a P/E ratio of 11.19 and a beta of 0.31.

First National Bank Alaska (OTCMKTS:FBAK) last issued its quarterly earnings data on Wednesday, November 6th. The financial services provider reported $5.68 earnings per share (EPS) for the quarter.

About First National Bank Alaska

First National Bank Alaska, a commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska. The company offers savings and checking accounts; money market deposits; safe deposit services; certificates of deposit; individual retirement accounts; and personal, home equity, and construction loans, as well as loans for stability and growth.