Franklin Financial Services Co. (FRAF) to Issue Quarterly Dividend of $0.32 on August 28th

Franklin Financial Services Co. (NASDAQ:FRAF) declared a quarterly dividend on Thursday, July 11th, Zacks reports. Stockholders of record on Friday, August 2nd will be paid a dividend of 0.32 per share on Wednesday, August 28th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 4.04%. The ex-dividend date of this dividend is Friday, August 2nd.

Franklin Financial Services has increased its dividend by an average of 2.2% per year over the last three years.

Franklin Financial Services Trading Up 1.2 %

Shares of NASDAQ:FRAF opened at $31.65 on Wednesday. Franklin Financial Services has a 12 month low of $25.11 and a 12 month high of $35.00. The company has a quick ratio of 0.92, a current ratio of 0.92 and a debt-to-equity ratio of 2.09. The company’s fifty day simple moving average is $27.99 and its 200 day simple moving average is $27.92. The firm has a market cap of $139.26 million, a price-to-earnings ratio of 10.14 and a beta of 0.35.

Insider Buying and Selling

In related news, Director Gregory A. Duffey acquired 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, June 5th. The shares were acquired at an average cost of $25.90 per share, for a total transaction of $51,800.00. Following the completion of the acquisition, the director now directly owns 20,127 shares in the company, valued at approximately $521,289.30. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders have purchased a total of 4,440 shares of company stock worth $122,700 over the last ninety days. Company insiders own 6.93% of the company’s stock.

Franklin Financial Services Company Profile

Franklin Financial Services Corporation operates as the bank holding company for Farmers and Merchants Trust Company of Chambersburg that provides commercial, retail banking, and trust services to businesses, individuals, governmental entities, and non-profit organizations in Pennsylvania. It offers various deposit products, including checking, savings, money management, and time deposit accounts, as well as demand deposits.