Premier Financial Corp. (PFC) to Issue Quarterly Dividend of $0.31 on February 7th

Premier Financial Corp. (NASDAQ:PFC) declared a quarterly dividend on Tuesday, January 21st,Wall Street Journal reports. Shareholders of record on Friday, January 31st will be given a dividend of 0.31 per share on Friday, February 7th. This represents a $1.24 dividend on an annualized basis and a yield of 4.44%. The ex-dividend date is Friday, January 31st.

Premier Financial has raised its dividend payment by an average of 5.7% annually over the last three years. Premier Financial has a payout ratio of 51.2% meaning its dividend is sufficiently covered by earnings. Research analysts expect Premier Financial to earn $2.39 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 51.9%.

Premier Financial Trading Down 1.0 %

NASDAQ PFC opened at $27.93 on Wednesday. The company’s fifty day simple moving average is $26.57 and its 200-day simple moving average is $25.28. The stock has a market cap of $1.00 billion, a P/E ratio of 14.04 and a beta of 1.28. Premier Financial has a 52 week low of $18.63 and a 52 week high of $29.63. The company has a current ratio of 0.95, a quick ratio of 0.93 and a debt-to-equity ratio of 0.42.

Insider Buying and Selling at Premier Financial

In other Premier Financial news, EVP Dennis E. Rose, Jr. sold 2,000 shares of the company’s stock in a transaction that occurred on Monday, November 18th. The stock was sold at an average price of $27.98, for a total value of $55,960.00. Following the transaction, the executive vice president now directly owns 36,144 shares of the company’s stock, valued at $1,011,309.12. This represents a 5.24 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 2.22% of the stock is currently owned by corporate insiders.

About Premier Financial

Premier Financial Corp., through its subsidiaries, provides various banking services. It offers demand, checking, money market, and savings accounts, as well as certificates of deposits and certificates of deposit account registry service; and investment products. The company also provides residential and commercial real estate, commercial, construction, home improvement and home equity, installment, and consumer loans.