CANFIELD, Ohio--(BUSINESS WIRE)--On February 27, 2018, the Board of Directors of the Farmers National Banc Corp. (NASDAQ: FMNB) declared a quarterly cash dividend of $0.07 per share, a 40% increase from the 2017 first quarter payment. The common stock cash dividend will have a record date of March 9, 2018, and is payable to shareholders on March 30, 2018.
Kevin J. Helmick, President and CEO, stated, “It is my pleasure to announce the Board of Directors has approved a 40% year-over-year increase to the company’s first quarter dividend. This is the third increase to Farmers’ dividend in two years reflecting the company’s strong financial and performance results, and the Board’s commitment to create value for our shareholders.”
ABOUT FARMERS NATIONAL BANC CORP.
Founded in 1887, Farmers is a diversified financial services company headquartered in Canfield, Ohio, with over $2 billion in banking assets and over $1 billion in trust assets. Farmers’ wholly-owned subsidiaries are comprised of Farmers National Bank, a full-service national bank engaged in commercial and retail banking with 41 locations in Mahoning, Trumbull, Columbiana, Stark, Summit, Wayne, Medina, Holmes and Cuyahoga Counties in Ohio and Beaver County in Pennsylvania; Farmers Trust Company, which operates 4 trust offices and offers services in the same geographic markets; National Associates, Inc.; and Farmers National Insurance, LLC and Bowers Insurance Agency, Inc. which offer a variety of insurance products.