Dividend Details for First Bancorp: Key Information Before the Ex-Dividend Date on May 29, 2025

First Bancorp (FBP) has announced a cash dividend of $0.180 per share, payable on Jun 13, 2025, with an ex-dividend date of May 29, 2025. The announcement was made on Apr 24, 2025. This dividend is notably higher than the average of the last 10 dividends, which stands at $0.101. Previously, on Mar 7, 2025, First Bancorp issued a dividend of the same amount, $0.180 per share. Both dividends are characterized as cash dividends.

Recently, First Bancorp has been attracting attention with its upcoming ex-dividend date. The stock is poised to trade ex-dividend in just a few days, which often stimulates investor interest due to the potential for dividend capture strategies. Additionally, Millennium Management LLC significantly increased its stake in First Bancorp, boosting its holdings by 381.9% during the fourth quarter, a move indicating strong institutional confidence in the company’s prospects.

As of late, First Bancorp has demonstrated impressive market performance. Over the past five years, the company has outperformed the market by an annualized rate of 14.72%, delivering an average annual return of 28.78%. This highlights the company's robust market presence and solid returns for its investors. Since the last update, First Bancorp's stock is trading higher at $20.22, reflecting a positive change of 0.11 or 0.52%, as of May 25, 2025.

In conclusion, First Bancorp's dividend announcement reflects a consistent payout strategy, with the ex-dividend date fast approaching on May 29, 2025. Investors must be aware that this date marks the deadline for purchasing shares to qualify for the upcoming dividend. Any acquisitions made after this date will not entitle shareholders to receive the dividend for this period.