Unveiling the Dividend Performance of First Financial Bankshares Inc
A Comprehensive Analysis of FFIN's Dividend History, Yield, Growth, and Sustainability
First Financial Bankshares Inc(NASDAQ:FFIN) recently announced a dividend of $0.18 per share, payable on 2023-10-02, with the ex-dividend date set for 2023-09-13. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's deep dive into First Financial Bankshares Incs dividend performance and assess its sustainability.
Overview of First Financial Bankshares Inc
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First Financial Bankshares Inc is a financial and bank holding company. The company operates one line of business (community banking) located in a single geographic area (Texas). The company conducts a full-service commercial banking business through its subsidiaries. The loan portfolio segments of the company include Commercial and Industrial, Municipal, Agricultural, Construction and Development, Farm, Non-Owner Occupied and Owner Occupied Commercial Real Estate, Residential, Consumer Auto and Consumer Non-Auto.
First Financial Bankshares Inc's Dividend History
First Financial Bankshares Inc has maintained a consistent dividend payment record since 1992. Dividends are currently distributed on a quarterly basis. First Financial Bankshares Inc has increased its dividend each year since 1994. The stock is thus listed as a dividend aristocrat, an honor that is given to companies that have increased their dividend each year for at least the past 29 years.
Below is a chart showing annual Dividends Per Share for tracking historical trends.
First Financial Bankshares Inc's Dividend Yield and Growth
As of today, First Financial Bankshares Inc currently has a 12-month trailing dividend yield of 2.55% and a 12-month forward dividend yield of 2.66%. This suggests an expectation of increase dividend payments over the next 12 months.
Over the past three years, First Financial Bankshares Inc's annual dividend growth rate was 12.40%. Extended to a five-year horizon, this rate decreased to 12.00% per year. And over the past decade, First Financial Bankshares Inc's annual dividends per share growth rate stands at an impressive 10.50%.
Based on First Financial Bankshares Inc's dividend yield and five-year growth rate, the 5-year yield on cost of First Financial Bankshares Inc stock as of today is approximately 4.49%.