Franklin Financial Services Co. (NASDAQ:FRAF) Announces Dividend Increase – $0.33 Per Share

Franklin Financial Services Co. (NASDAQ:FRAF) declared a quarterly dividend on Thursday, April 10th, Wall Street Journal reports. Shareholders of record on Friday, May 2nd will be paid a dividend of 0.33 per share on Wednesday, May 28th. This represents a $1.32 annualized dividend and a yield of 3.39%. The ex-dividend date of this dividend is Friday, May 2nd. This is a 3.1% increase from Franklin Financial Services’s previous quarterly dividend of $0.32.

Franklin Financial Services has raised its dividend by an average of 0.8% annually over the last three years.

Franklin Financial Services Trading Down 0.7 %

Shares of Franklin Financial Services stock opened at $38.91 on Wednesday. The company’s 50-day moving average price is $36.37 and its 200-day moving average price is $34.00. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 1.60. Franklin Financial Services has a 12-month low of $25.90 and a 12-month high of $40.76. The company has a market cap of $172.76 million, a price-to-earnings ratio of 15.63 and a beta of 0.18.

Franklin Financial Services (NASDAQ:FRAF) last posted its earnings results on Tuesday, April 29th. The company reported $0.88 earnings per share (EPS) for the quarter. Franklin Financial Services had a net margin of 9.64% and a return on equity of 7.91%.

Insider Activity at Franklin Financial Services

In related news, Director Gregory A. Duffey acquired 3,000 shares of the stock in a transaction dated Wednesday, February 5th. The shares were purchased at an average price of $33.90 per share, for a total transaction of $101,700.00. Following the transaction, the director now owns 23,782 shares in the company, valued at $806,209.80. This represents a 14.44 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, President Craig W. Best bought 6,756 shares of the business’s stock in a transaction that occurred on Friday, March 7th. The stock was bought at an average price of $37.00 per share, with a total value of $249,972.00. Following the completion of the transaction, the president now directly owns 15,606 shares of the company’s stock, valued at $577,422. This represents a 76.34 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders acquired 9,785 shares of company stock valued at $352,751. Company insiders own 7.35% of the company’s stock.

Franklin Financial Services Company Profile

Franklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania. It offers various deposit products, including checking, savings, money management, and time deposit accounts, as well as demand deposits.