First Financial boosts dividend, sets 2:1 stock split

|About: First Financial Bankshar... (FFIN)|By:, SA News Editor

Along with a boost in the dividend to $0.28 per share from $0.26, First Financial Bankshares (FFIN +1.4%) also announces a 2-for-1 stock split in the form of a 100% stock dividend effective to shareholders of record on May 15, with distribution date of June 2. As the cash dividend won't be paid until July 1, it will actually be $0.14 on double the number of shares.

Earlier, Macquarie pulled its Sell rating on the stock.