First Guaranty Bancshares Declares Q1 Common & Preferred Dividends
Ticker: FGBIP · Form: 8-K · Filed: Jan 22, 2024 · CIK: 1408534
| Field | Detail |
|---|---|
| Company | First Guaranty Bancshares, Inc. (FGBIP) |
| Form Type | 8-K |
| Filed Date | Jan 22, 2024 |
| Risk Level | low |
| Pages | 2 |
| Reading Time | 2 min |
| Key Dollar Amounts | $1, $0.421875, $16.875 |
| Sentiment | bullish |
Complexity: simple
Sentiment: bullish
Topics: dividends, financial-stability, preferred-stock, common-stock
TL;DR
**FGBI declared its regular quarterly dividends for both common and preferred stock, signaling business as usual.**
AI Summary
First Guaranty Bancshares, Inc. announced on January 18, 2024, that it will pay regular quarterly cash dividends for both its common stock and its Series A Non-Cumulative Perpetual Preferred Stock. Common stockholders will receive $0.09 per share, payable on March 29, 2024, to shareholders of record as of March 15, 2024. Holders of the Series A Preferred Stock will receive $0.46875 per share, payable on March 1, 2024, to shareholders of record as of February 15, 2024. This matters to investors because consistent dividend payments signal financial stability and can make the stock more attractive to income-focused investors.
Why It Matters
This filing confirms First Guaranty Bancshares' commitment to returning value to shareholders through consistent dividend payments, which can be a positive sign of financial health and attract income-oriented investors.
Risk Assessment
Risk Level: low — The declaration of regular dividends indicates stable financial performance and no immediate adverse events.
Analyst Insight
A smart investor would view this as a positive sign of stability and consider the stock for its dividend income, especially if they are an income-focused investor.
Key Numbers
- $0.09 — Common Stock Dividend per Share (Amount paid to holders of common stock)
- $0.46875 — Series A Preferred Stock Dividend per Share (Amount paid to holders of Series A Non-Cumulative Perpetual Preferred Stock)
Key Players & Entities
- First Guaranty Bancshares, Inc. (company) — the registrant declaring dividends
- $0.09 (dollar_amount) — per share dividend for common stock
- March 29, 2024 (date) — payment date for common stock dividend
- March 15, 2024 (date) — record date for common stock dividend
- $0.46875 (dollar_amount) — per share dividend for Series A Preferred Stock
- March 1, 2024 (date) — payment date for Series A Preferred Stock dividend
- February 15, 2024 (date) — record date for Series A Preferred Stock dividend
- January 18, 2024 (date) — date of earliest event reported
Forward-Looking Statements
- First Guaranty Bancshares will continue to pay regular quarterly dividends at similar rates. (First Guaranty Bancshares, Inc.) — high confidence, target: Q2 2024
FAQ
What is the dividend amount per share for First Guaranty Bancshares' common stock?
First Guaranty Bancshares, Inc. declared a cash dividend of $0.09 per share for its common stock.
When is the common stock dividend payable and what is the record date?
The common stock dividend is payable on March 29, 2024, to shareholders of record as of March 15, 2024.
What is the dividend amount per share for the Series A Non-Cumulative Perpetual Preferred Stock?
The dividend amount for the Series A Non-Cumulative Perpetual Preferred Stock is $0.46875 per share.
When is the Series A Preferred Stock dividend payable and what is its record date?
The Series A Preferred Stock dividend is payable on March 1, 2024, to shareholders of record as of February 15, 2024.
What was the date of the earliest event reported in this 8-K filing?
The date of the earliest event reported in this 8-K filing was January 18, 2024.
Filing Stats: 525 words · 2 min read · ~2 pages · Grade level 11.8 · Accepted 2024-01-22 16:30:14
Key Financial Figures
- $1 — ange on which registered Common Stock, $1 par value FGBI The Nasdaq Stock Market
- $0.421875 — quarterly distribution in the amount of $0.421875 per Depositary Share, resulting from Fi
- $16.875 — from First Guaranty's declaration of a $16.875 per share of Series A Preferred Stock q
Filing Documents
- fgbi-20240118.htm (8-K) — 29KB
- fgbi-20240118_g1.jpg (GRAPHIC) — 26KB
- 0001408534-24-000004.txt ( ) — 238KB
- fgbi-20240118.xsd (EX-101.SCH) — 2KB
- fgbi-20240118_def.xml (EX-101.DEF) — 15KB
- fgbi-20240118_lab.xml (EX-101.LAB) — 29KB
- fgbi-20240118_pre.xml (EX-101.PRE) — 16KB
- fgbi-20240118_htm.xml (XML) — 4KB
01 Other Events
Item 8.01 Other Events On January 18, 2024 the Board of Directors of First Guaranty Bancshares, Inc. ("First Guaranty") announced that on March 1, 2024, holders of record as of February 15, 2024 (the "Depository Shares Record Date") of its depositary shares (the "Depositary Shares"), each representing a 1/40th interest in the Corporation's 6.75% Series A Fixed-Rate Non-Cumulative Perpetual Preferred Stock (the "Series A Preferred Stock"), will receive a quarterly distribution in the amount of $0.421875 per Depositary Share, resulting from First Guaranty's declaration of a $16.875 per share of Series A Preferred Stock quarterly cash dividend, which underlies the Depositary Shares. On March 1, 2024, the Series A Preferred Stock dividend will be paid to the depositary for the Series A Preferred Stock. The depositary will, in turn, distribute such dividend to the holders of record of the Depositary Shares as of the Depositary Shares Record Date.
SIGNATURES
SIGNATURES Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized. FIRST GUARANTY BANCSHARES, INC. (Registrant) Date: January 22, 2024 By: /s/Eric J. Dosch Eric J. Dosch Chief Financial Officer