Company Overview - First Bancorp (FBP) is headquartered in San Juan and operates in the Finance sector [3] - The stock has experienced a price change of 6.62% since the beginning of the year [3] Dividend Information - First Bancorp currently pays a dividend of $0.18 per share, resulting in a dividend yield of 3.63% [3] - The company's annualized dividend of $0.72 has increased by 12.5% from the previous year [4] - Over the past five years, First Bancorp has raised its dividend five times, averaging an annual increase of 31.93% [4] - The current payout ratio is 39%, indicating that 39% of its trailing 12-month EPS is distributed as dividends [4] Earnings Growth Expectations - For the fiscal year, First Bancorp anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 at $1.88 per share, reflecting a year-over-year growth rate of 3.87% [5] Industry Context - The Banks - Southeast industry's average dividend yield is 2.38%, while the S&P 500's yield is 1.62%, positioning First Bancorp as an attractive dividend option [3] - High-growth firms or tech start-ups typically do not offer dividends, making established companies like First Bancorp more appealing for income investors [7] Investment Outlook - First Bancorp is viewed as a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]
This is Why First Bancorp (FBP) is a Great Dividend Stock