The increase will not affect the variable dividend in the short-term, as we also announced that we intend to maintain this component for the next six quarters, unless capital deployment opportunities arise that cause our capital ratios to move towards our stated thresholds sooner than expected. The six-quarter timeframe represents actual dividend that will be paid to shareholders through 2013 based on our traditional dividend payment schedule.Our next quarterly dividend will consist of the increased regular dividend of $0.15 per share and a variable dividend of $0.14 per share based on the first quarter earnings of $0.29. The announced variable dividend results in a current yield of 6.8% based on yesterday’s closing price of $17.10.
First Financial Bancorp's CEO Discusses Q1 2012 Results - Earnings Call Transcript
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