FBMI Ex-Dividend Reminder - 9/6/13

Looking at the universe of stocks we cover at Dividend Channel, on 9/6/13, Firstbank Corp. (FBMI) will trade ex-dividend, for its quarterly dividend of $0.06, payable on 9/26/13. As a percentage of FBMI's recent stock price of $18.13, this dividend works out to approximately 0.33%.

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Below is a dividend history chart for FBMI, showing historical dividends prior to the most recent $0.06 declared by Firstbank Corp. :

FBMI+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from FBMI is likely to continue, and whether the current estimated yield of 1.32% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of FBMI shares, versus its 200 day moving average:

Firstbank Corp.  200 Day Moving Average Chart

Looking at the chart above, FBMI's low point in its 52 week range is $7.72 per share, with $18.86 as the 52 week high point — that compares with a last trade of $18.13.

In Wednesday trading, Firstbank Corp. shares are currently off about 0.3% on the day.

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