Franklin Financial Services Co. (NASDAQ:FRAF) Declares $0.32 Quarterly Dividend

Franklin Financial Services Co. (NASDAQ:FRAF) declared a quarterly dividend on Wednesday, January 22nd,Wall Street Journal reports. Investors of record on Friday, February 7th will be paid a dividend of 0.32 per share on Wednesday, February 26th. This represents a $1.28 annualized dividend and a dividend yield of 3.87%. The ex-dividend date is Friday, February 7th.

Franklin Financial Services has increased its dividend by an average of 0.8% per year over the last three years.

Franklin Financial Services Stock Performance

Shares of FRAF stock remained flat at $33.10 during mid-day trading on Wednesday. The stock had a trading volume of 6,832 shares, compared to its average volume of 10,463. Franklin Financial Services has a fifty-two week low of $25.11 and a fifty-two week high of $34.15. The company has a market cap of $146.17 million, a price-to-earnings ratio of 10.44 and a beta of 0.33. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. The business has a fifty day moving average of $31.96 and a two-hundred day moving average of $31.16.

Franklin Financial Services (NASDAQ:FRAF) last posted its earnings results on Tuesday, October 22nd. The company reported $0.95 earnings per share for the quarter. Franklin Financial Services had a net margin of 12.40% and a return on equity of 10.19%. The firm had revenue of $30.91 million during the quarter.

About Franklin Financial Services

Franklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania. It offers various deposit products, including checking, savings, money management, and time deposit accounts, as well as demand deposits.