First National Financial Co. (TSE:FN) Announces Monthly Dividend of $0.20

First National Financial Co. (TSE:FN) announced a monthly dividend on Monday, April 15th, TickerTech reports. Stockholders of record on Tuesday, April 30th will be given a dividend of 0.2042 per share on Wednesday, May 15th. This represents a $2.45 dividend on an annualized basis and a dividend yield of 6.55%. The ex-dividend date of this dividend is Monday, April 29th. This is an increase from First National Financial’s previous monthly dividend of $0.20.

First National Financial Trading Down 0.5 %

FN traded down C$0.20 during trading on Wednesday, hitting C$37.41. 1,867 shares of the stock traded hands, compared to its average volume of 32,357. The firm has a market capitalization of C$2.24 billion, a P/E ratio of 9.06, a price-to-earnings-growth ratio of 0.70 and a beta of 1.10. First National Financial has a 12-month low of C$32.86 and a 12-month high of C$41.80. The company has a debt-to-equity ratio of 6,070.47, a current ratio of 10.29 and a quick ratio of 10.11. The firm has a 50-day moving average of C$38.30 and a 200 day moving average of C$37.87.

First National Financial (TSE:FN) last released its quarterly earnings results on Tuesday, March 5th. The company reported C$0.72 EPS for the quarter, beating analysts’ consensus estimates of C$0.22 by C$0.50. The business had revenue of C$199.30 million during the quarter, compared to analyst estimates of C$164.10 million. First National Financial had a return on equity of 35.19% and a net margin of 33.65%. Equities research analysts anticipate that First National Financial will post 3.8981289 EPS for the current year.

Analyst Upgrades and Downgrades

FN has been the subject of a number of recent research reports. BMO Capital Markets lowered their price objective on First National Financial from C$44.00 to C$41.00 and set a “market perform” rating for the company in a research note on Thursday, March 7th. Scotiabank upped their target price on shares of First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a research note on Wednesday, January 31st. Royal Bank of Canada lifted their price target on shares of First National Financial from C$42.00 to C$43.00 in a research note on Thursday, January 4th. Finally, TD Securities increased their price objective on shares of First National Financial from C$41.00 to C$44.00 and gave the company a “hold” rating in a research report on Thursday, March 7th. Six investment analysts have rated the stock with a hold rating, According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of C$41.83.

First National Financial Company Profile

First National Financial Corporation, together with its subsidiaries, originates, underwrites, and services commercial and residential mortgages in Canada. It operates in two segments, Residential and Commercial segments. The company offers single-family and multi-unit residential, and commercial mortgages.