INDIANA, Pa., April 20, 2011 /PRNewswire/ -- The Board of Directors of First Commonwealth Financial Corporation (NYSE: FCF) declared a dividend on April 20, 2011 of $0.03 per share payable on May 16, 2011, to shareholders of record at the close of business May 2, 2011. This dividend represents a 2% projected annual yield utilizing the March 31, 2011 closing market price of $6.85. (Logo: http://photos.prnewswire.com/prnh/20030416/FIRSTLOGO ) About First Commonwealth Financial Corporation First Commonwealth Financial Corporation is a $5.8 billion financial holding company headquartered in Indiana, Pennsylvania. It operates 115 retail branch offices in 15 counties in western and central Pennsylvania through First Commonwealth Bank, a Pennsylvania chartered bank and trust company. Financial services and insurance products are also provided through First Commonwealth Insurance Agency and First Commonwealth Financial Advisors, Inc. SOURCE First Commonwealth Financial Corporation
In this series, we look through the most recent Dividend Channel ''DividendRank'' report, and then we cherry pick only those companies that have experienced insider buying within the past six months. The officers and directors of a company tend to have a unique insider's view of the business, and presumably the only reason an insider would choose to take their hard-earned cash and use it to buy stock in the open market, is that they expect to make money — maybe they find the stock very undervalued, or maybe they see exciting progress within the company, or maybe both.