First Capital Bancorp, Inc. Announces the Approval of an Annual Corporate Dividend Policy, the Intent to Pay a Dividend Durin...
22 Dezembro 2014 - 7:00PM
First Capital Bancorp, Inc. (Nasdaq:FCVA) ("the Company") announced
today that its Board of Directors has approved an annual cash
dividend policy, with the first dividend expected to be paid in the
second quarter of 2015. The Board anticipates the initial annual
dividend will be $.04 per share. Future amounts and payment
dates of the annual cash dividend will be subject to the approval
of the Board of Directors.
John Presley, First Capital Bancorp, Inc. Chief Executive
Officer, commented, "The Board's decision to initiate an annual
dividend reflects our confidence in the earnings growth we are
experiencing from our core business of Community
Banking. We also expect these earnings to support the
growth we have enjoyed and expect to continue."
The Board of Directors also authorized a share repurchase
program to purchase up to 300,000 shares of its outstanding common
stock. The Company intends and expects to accomplish the
repurchases through open market transactions, though it could
affect the repurchases through other means such as privately
negotiated transactions or under a SEC 10b5-1 trading plan, which
would allow repurchases under pre-set terms at times when the
Company might otherwise be prevented from doing so under applicable
securities laws or self-imposed blackout. The authorization
permits management to repurchase the Company's shares from time to
time at management's discretion, depending on market conditions and
other factors. The repurchase program is authorized through
December 31, 2015.
About the Company:
The Bank currently operates eight branches in Innsbrook,
Chesterfield Towne Center, near Willow Lawn on Staples Mill Road,
in Ashland, at Three Chopt and Patterson in Henrico County, at the
James Center in downtown, Richmond, in Bon Air, Chesterfield
County, and inside the Kroger Store in the Swift
Creek shopping center located at 13201 Rittenhouse Drive, in
Midlothian.
Readers are cautioned that this press release contains
forward-looking statements made pursuant to safe harbor provisions
of the Private Securities Litigation Reform Act of 1995. Such
forward-looking statements are based on management's current
knowledge, assumptions, and analyses, which it believes are
appropriate in the circumstances regarding future events, and may
address issues that involve significant risks including, but not
limited to: changes in interest rates; changes in accounting
principles, policies, or guidelines; significant changes in general
economic, competitive, and business conditions; significant changes
in or additions to laws and regulatory requirements; and
significant changes in securities markets. Additionally, such
aforementioned uncertainties, assumptions, and estimates, may cause
actual results to differ materially from the anticipated results or
other expectations expressed in the forward-looking
statements.
First Capital Bank…Let's Make it Work.
CONTACT: John M. Presley
Managing Director and CEO
804-273-1254
JPresley@1capitalbank.com
Or
William W. Ranson
Executive Vice President and CFO
804-273-1176
WRanson@1capitalbank.com
(MM) (NASDAQ:FCVA)
Gráfico Histórico do Ativo
De Abr 2024 até Mai 2024
(MM) (NASDAQ:FCVA)
Gráfico Histórico do Ativo
De Mai 2023 até Mai 2024