Franklin Financial Services Co. (NASDAQ:FRAF) Announces $0.32 Quarterly Dividend

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

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

Franklin Financial Services Trading Up 1.2 %

Shares of NASDAQ FRAF opened at $31.65 on Wednesday. The company has a current ratio of 0.92, a quick ratio of 0.92 and a debt-to-equity ratio of 2.09. The stock has a market capitalization of $139.26 million, a PE ratio of 10.14 and a beta of 0.35. Franklin Financial Services has a twelve month low of $25.11 and a twelve month high of $35.00. The stock has a fifty day simple moving average of $27.99 and a 200-day simple moving average of $27.92.

Insiders Place Their Bets

In other Franklin Financial Services news, Director Gregory A. Duffey acquired 2,000 shares of the stock in a transaction dated Wednesday, June 5th. The stock was acquired at an average price of $25.90 per share, with a total value of $51,800.00. Following the completion of the purchase, the director now owns 20,127 shares in the company, valued at approximately $521,289.30. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders have acquired 4,440 shares of company stock worth $122,700 over the last three months. Company insiders own 6.93% of the company’s stock.

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.