Franklin Financial Services Co. (NASDAQ:FRAF) Announces Quarterly Dividend of $0.33

Franklin Financial Services Co. (NASDAQ:FRAF - Get Free Report) announced a quarterly dividend on Thursday, April 10th, Wall Street Journal reports. Investors of record on Friday, May 2nd will be given a dividend of 0.33 per share on Wednesday, May 28th. This represents a $1.32 dividend on an annualized basis and a dividend yield of 3.54%. The ex-dividend date of this dividend is Friday, May 2nd. This is a 3.1% increase from Franklin Financial Services's previous quarterly dividend of $0.32.

Franklin Financial Services has raised its dividend payment by an average of 0.8% per year over the last three years.

Franklin Financial Services Stock Performance

NASDAQ:FRAF traded up $1.83 during trading hours on Friday, reaching $37.30. The stock had a trading volume of 25,695 shares, compared to its average volume of 8,603. Franklin Financial Services has a 12-month low of $25.90 and a 12-month high of $38.41. The company has a debt-to-equity ratio of 1.60, a quick ratio of 0.92 and a current ratio of 0.92. The stock has a 50 day simple moving average of $36.14 and a 200 day simple moving average of $33.52. The stock has a market cap of $165.61 million, a P/E ratio of 14.98 and a beta of 0.18.

Franklin Financial Services (NASDAQ:FRAF - Get Free Report) last announced its quarterly earnings data on Tuesday, January 28th. The company reported $0.11 earnings per share for the quarter. Franklin Financial Services had a return on equity of 7.91% and a net margin of 9.64%.

Insider Activity at Franklin Financial Services

In related news, Director Gregory A. Duffey purchased 3,000 shares of Franklin Financial Services stock in a transaction dated Wednesday, February 5th. The stock was bought at an average cost of $33.90 per share, for a total transaction of $101,700.00. Following the completion of the transaction, the director now owns 23,782 shares in the company, valued at $806,209.80. This trade represents a 14.44 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, President Craig W. Best acquired 6,756 shares of the company's stock in a transaction that occurred on Friday, March 7th. The shares were bought at an average cost of $37.00 per share, for a total transaction of $249,972.00. Following the acquisition, the president now directly owns 15,606 shares in the company, valued at $577,422. This represents a 76.34 % increase in their position. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 9,785 shares of company stock worth $352,751. 6.93% of the stock is owned by corporate insiders.

About Franklin Financial Services

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.