First Financial Northwest, Inc. Declares Quarterly Cash Dividend Of $0.13 per Share; Announces Adoption Of New Stock Repurchase Plan Of Up To 5% Of The Co's Outstanding Common Stock Or 457,000 Shares
Portfolio Pulse from Happy Mohamed
First Financial Northwest, Inc. (FFNW) has declared a quarterly cash dividend of $0.13 per share and announced a new stock repurchase plan of up to 5% of the company's outstanding common stock, or approximately 457,000 shares. The dividend will be payable on September 22, 2023, to shareholders of record on September 8, 2023. The repurchase plan will commence on August 10, 2023, and will expire no later than March 16, 2024.
August 07, 2023 | 8:58 pm
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POSITIVE IMPACT
FFNW's declaration of a quarterly dividend and a new stock repurchase plan could potentially increase investor confidence and positively impact the stock price in the short term.
Dividends and stock repurchase plans are generally seen as positive signals by the market, as they indicate a company's confidence in its financial stability and future prospects. This could potentially lead to increased demand for the stock, driving up its price in the short term.
CONFIDENCE 85
IMPORTANCE 80
RELEVANCE 100