First Capital (FCAP) hikes dividend by 7.4%

First Capital (FCAP) will hike its quarterly dividend by 7.4% to 29 cents per share in 2024. This is the first dividend hike since February 2023 by FCAP. The dividend yield is 3.6%.

The Board of Directors of First Capital, Inc. (FCAP) has declared a quarterly cash dividend of $0.29 (twenty-nine cents) per share of common stock, according to Michael C. Frederick, President and Chief Executive Officer. The dividend will be paid on September 27, 2024 to shareholders of record as of September 13, 2024. This represents an increase of $0.02 (two cents) per share, or 7.4%, compared to the most recent dividend paid on June 28, 2024.

“We are very pleased to provide a 7.4% increase to the quarterly cash dividend payment on the Company’s common stock from $0.27 (twenty-seven cents) to $0.29 (twenty-nine cents),” said Mr. Frederick. “The increased dividend was declared as a result of First Capital, Inc.’s continued profitability and our commitment to returning capital to our shareholders.”

First Capital, Inc. is the holding company for First Harrison Bank. First Harrison currently has eighteen offices in the Indiana communities of Corydon, Edwardsville, Greenville, Floyds Knobs, Palmyra, New Albany, New Salisbury, Jeffersonville, Salem, Lanesville and Charlestown and the Kentucky communities of Shepherdsville, Mt. Washington and Lebanon Junction. Access to First Harrison Bank accounts, including online banking and electronic bill payments, is available anywhere with Internet access through the Bank’s website at www.firstharrison.com.