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

First National Financial Co. (TSE:FN) announced a monthly dividend on Friday, March 15th, Zacks reports. Shareholders of record on Thursday, March 28th will be paid a dividend of 0.204 per share on Monday, April 15th. This represents a $2.45 annualized dividend and a yield of 6.53%. The ex-dividend date of this dividend is Wednesday, March 27th.

First National Financial Stock Performance

FN traded up C$0.26 during trading on Tuesday, hitting C$37.46. The stock had a trading volume of 7,017 shares, compared to its average volume of 33,700. 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 market cap of C$2.25 billion, a price-to-earnings ratio of 8.96, a P/E/G ratio of 0.70 and a beta of 1.10. The company has a 50 day moving average price of C$39.12 and a 200-day moving average price of C$37.80. First National Financial has a one year low of C$32.86 and a one year high of C$41.80.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the stock. TD Securities lifted their price objective on shares of First National Financial from C$41.00 to C$44.00 and gave the stock a “hold” rating in a research note on Thursday, March 7th. BMO Capital Markets decreased their price target on First National Financial from C$44.00 to C$41.00 and set a “market perform” rating on the stock in a research report on Thursday, March 7th. Royal Bank of Canada boosted their price target on First National Financial from C$42.00 to C$43.00 in a research note on Thursday, January 4th. Finally, Scotiabank raised their target price on First National Financial from C$44.00 to C$45.00 and gave the company a “sector perform” rating in a report on Wednesday, January 31st. Six analysts have rated the stock with a hold rating, Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average target price 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.