Brief: First Bancorp Announces 50% Cash Dividend Increase & New Share Repurchase Authorization

First Bancorp (North Carolina)

19/11/2019 21:11

Nov 19 (Reuters) - First Bancorp  FBNC.O :
    * FIRST BANCORP ANNOUNCES 50% CASH DIVIDEND INCREASE & NEW
SHARE
REPURCHASE AUTHORIZATION
    * FIRST BANCORP - BOARD AUTHORIZED AN UPDATED SHARE
REPURCHASE
PROGRAM
    * FIRST BANCORP - PURSUANT TO SHARE REPURCHASE CO MAY
PURCHASE
SHARES OF ITS COMMON STOCK FOR AN AGGREGATE REPURCHASE PRICE NOT
TO EXCEED $40 MILLION
    * FIRST BANCORP - HAS DECLARED A CASH DIVIDEND ON ITS COMMON
STOCK
OF $0.18 PER SHARE
    * FIRST BANCORP - DIVIDEND RATE REPRESENTS A 50% INCREASE
OVER
PRIOR DIVIDEND RATE

Source text for Eikon:  ID:nPn7T6p3Sa 
Further company coverage:  FBNC.O 

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