First Interstate BancSystem, Inc.'s (Nasdaq: FIBK) Board of Directors, at a meeting held on July 25, 2013, declared a dividend of $0.14 per common share. The dividend is payable on August 15, 2013 to owners of record as of August 5, 2013. This dividend is an increase of approximately 7% and is First Interstate BancSystem, Inc.’s second dividend increase in less than one year. First Interstate BancSystem, Inc. is a financial services holding company, headquartered in Billings, Montana, with $7.3 billion in assets as of June 30, 2013. It is the parent company of First Interstate Bank, a community bank operating 74 banking offices, along with online and mobile banking services, throughout Montana, Wyoming, and South Dakota. As a recognized leader in community banking services with 25 consecutive years of profitability, First Interstate remains a family business whose culture is driven by strong family and corporate values, as well as a commitment to long-term organic growth, exemplary customer service, exceeding customer expectations through its products and services and supporting, with leadership and resources, the communities it serves.
The DividendRank formula at Dividend Channel ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. First Interstate BancSystem, Inc.