First National Bank Alaska (OTCMKTS:FBAK) Declares Dividend Increase – $4.00 Per Share

First National Bank Alaska (OTCMKTS:FBAK) declared a quarterly dividend on Monday, February 3rd,NASDAQ Dividends reports. Investors of record on Friday, February 28th will be given a dividend of 4.00 per share by the financial services provider on Monday, March 17th. This represents a $16.00 dividend on an annualized basis and a yield of 7.11%. The ex-dividend date of this dividend is Friday, February 28th. This is an increase from First National Bank Alaska’s previous quarterly dividend of $3.20.

First National Bank Alaska Price Performance

OTCMKTS:FBAK traded down $2.75 during trading hours on Tuesday, reaching $225.00. 1,025 shares of the company were exchanged, compared to its average volume of 378. The company has a market capitalization of $713.25 million, a P/E ratio of 11.19 and a beta of 0.31. The business has a 50 day moving average of $228.20 and a 200 day moving average of $214.56. First National Bank Alaska has a 1-year low of $190.00 and a 1-year high of $243.98.

First National Bank Alaska (OTCMKTS:FBAK) last announced its quarterly earnings results on Wednesday, November 6th. The financial services provider reported $5.68 earnings per share (EPS) for the quarter.

About First National Bank Alaska

First National Bank Alaska, a commercial bank, provides various banking products and services for business, industry, and individual customers primarily in Alaska. The company offers savings and checking accounts; money market deposits; safe deposit services; certificates of deposit; individual retirement accounts; and personal, home equity, and construction loans, as well as loans for stability and growth.