First US Bancshares, Inc. (NASDAQ:FUSB) to Issue Dividend Increase – $0.07 Per Share

First US Bancshares, Inc. (NASDAQ:FUSB) declared a quarterly dividend on Thursday, November 21st,Wall Street Journal reports. Shareholders of record on Friday, December 13th will be paid a dividend of 0.07 per share by the financial services provider on Thursday, January 2nd. This represents a $0.28 annualized dividend and a yield of 2.21%. The ex-dividend date of this dividend is Friday, December 13th. This is an increase from First US Bancshares’s previous quarterly dividend of $0.05.

First US Bancshares has raised its dividend by an average of 18.6% per year over the last three years.

First US Bancshares Stock Performance

First US Bancshares stock traded up $0.38 during midday trading on Thursday, hitting $12.65. 2,973 shares of the company’s stock were exchanged, compared to its average volume of 4,801. First US Bancshares has a 12-month low of $8.66 and a 12-month high of $12.65. The company has a debt-to-equity ratio of 0.11, a quick ratio of 0.91 and a current ratio of 0.91. The stock has a market cap of $72.36 million, a price-to-earnings ratio of 8.76 and a beta of 0.91. The firm’s 50 day simple moving average is $11.62 and its 200 day simple moving average is $10.68.

About First US Bancshares

First US Bancshares, Inc operates as the bank holding company for First US Bank that provides commercial banking products and services. The company offers non-interest-bearing demand deposits, savings accounts, NOW accounts, money market demand accounts, individual retirement accounts, and time deposits.