First Bancorp (FBP) has announced a cash dividend of $0.18000000 per share, with the ex-dividend date set for Aug 28, 2025. This marks a notable increase compared to the average of the last 10 dividend payments, which stood at $0.10210112 per share. The dividend will be distributed on Sep 12, 2025, and the announcement was made on Jul 21, 2025. Investors should note that the last dividend was paid on Jun 13, 2025, in the same amount of $0.18000000 per share, also in the form of a cash dividend. This current payout maintains the same structure as the previous one and signals a consistent capital return strategy for the company.
Over the past week, several developments have influenced First Bancorp’s market performance and investor sentiment. Recently, the company completed a significant buyback tranche, repurchasing over 3.8 million shares since July 2024, demonstrating its ongoing commitment to capital return. Additionally, First Bancorp’s shares rose 4.35% intraday following the release of its Second Quarter 2025 Investor Presentation, highlighting renewed investor confidence. As of late, the company reported strong Q2 earnings, with a net income of $80.2 million, which reflects improved financial health and operational performance. These fundamentals suggest the company is in a favorable position to continue its dividend and share repurchase programs.
Since the last update, key personnel movements have also garnered attention. Notably, EVP, CCO, and Chief of Staff Nayda Rivera executed a transaction involving the sale of 10,000 shares, which, while not uncommon, may signal insider sentiment. In addition, a top executive recently sold a significant stake in
for $214,300, further drawing market attention to insider activity. Meanwhile, the company filed a Form 144 with the SEC, indicating the proposed sale of 50,000 shares via Merrill Lynch on Aug 22, 2025, valued at $1.1 million, underscoring active shareholder activity in recent days.
In conclusion, First Bancorp continues to demonstrate strong operational and financial performance, supported by a consistent dividend policy and robust buyback activity. The ex-dividend date for the upcoming dividend of $0.18000000 per share is scheduled for Aug 28, 2025. Investors must purchase shares before this date to be eligible for the dividend; any purchases made on or after Aug 28, 2025, will not qualify for the payout.
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