First Interstate Bancsystem, Inc Declares Dividend, Payable on February 19, 2024
January 30, 2024 at 04:21 pm EST
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On January 26, 2024, First Interstate BancSystem, Inc.?s board of directors declared a dividend of $0.47 per common share, payable on February 19, 2024, to common stockholders of record as of February 9, 2024. The dividend equates to a 7.2% annualized yield based on the $26.01 per share average closing price of the Company?s common stock as reported on NASDAQ during the fourth quarter of 2023.
First Interstate BancSystem, Inc. is a financial and bank holding company focused on community banking. Through its bank subsidiary, First Interstate Bank, the Company delivers a range of banking products and services, including online and mobile banking to individuals, businesses, municipalities, and others throughout its market areas. It operates through Community Banking segment, which encompasses commercial and consumer banking services offered to individuals, businesses, municipalities and other entities. Community Banking segment encompasses commercial and consumer banking services provided through its Bank: primarily the acceptance of deposits, the extension of credit, mortgage loan origination and servicing, and wealth management, which includes trust, employee benefit, investment management, insurance, agency, and custodial services to individuals, businesses, and nonprofit organizations. It provides lending opportunities to clients that participate in a variety of industries.