First Citizens BancShares, Inc. (NASDAQ:FCNCP) Plans Dividend Increase – $0.34 Per Share

First Citizens BancShares, Inc. (NASDAQ:FCNCP) declared a quarterly dividend on Friday, April 26th, Wall Street Journal reports. Stockholders of record on Friday, May 31st will be paid a dividend of 0.3359 per share on Monday, June 17th. This represents a $1.34 dividend on an annualized basis and a dividend yield of 6.42%. The ex-dividend date is Friday, May 31st. This is a positive change from First Citizens BancShares’s previous quarterly dividend of $0.34.

First Citizens BancShares has increased its dividend payment by an average of 26.0% per year over the last three years.

First Citizens BancShares Stock Up 0.2 %

FCNCP traded up $0.05 during midday trading on Friday, hitting $20.92. 9,448 shares of the company were exchanged, compared to its average volume of 28,582. The firm’s 50 day moving average price is $22.03 and its 200-day moving average price is $21.02. First Citizens BancShares has a 1-year low of $18.69 and a 1-year high of $23.03.

First Citizens BancShares Company Profile

First Citizens BancShares, Inc operates as the holding company for First-Citizens Bank & Trust Company that provides retail and commercial banking services to individuals, businesses, and professionals. The company's deposit products include checking, savings, money market, and time deposit accounts.