Farmers Capital Bank Corp. : FFKT-US: Dividend Analysis : June 01st, 2017 (record date) : By the numbers : May 31, 2017

Our analysis is based on comparing Farmers Capital Bank Corp. with the following peers – Porter Bancorp, Inc., Citizens First Corporation, Community Trust Bancorp, Inc., Stock Yards Bancorp, Inc., Kentucky First Federal Bancorp, Pinnacle Financial Partners, Inc. and First Horizon National Corporation (PBIB-US, CZFC-US, CTBI-US, SYBT-US, KFFB-US, PNFP-US and FHN-US).

Farmers Capital Bank Corp.’s dividend yield is 0.70 percent and its dividend payout is 18.58 percent. This compares to a peer average dividend yield of 1.76 percent and a payout level of 30.93 percent. This relatively lagging dividend performance could spur some dividend action going forward – except the company’s current dividend quality score of 58 out of a possible score of 100 is only about average.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to March 31, 2017), FFKT-US paid a low quality dividend, which represents a yield of 0.88% at the current price.
  • Dividend quality trend has not been consistent over the last five years. Dividends were paid during 2 of these years — of these 1 was high quality and 1 was low quality.
  • The ending cash balance, with a dividend coverage of 9.24x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), FFKT-US paid a low quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 9.34x), investing cash flow (coverage of 25.25x), issuance cash flow (coverage of -41.63x) and twelve-month prior cash (coverage of 10.09x), for a total dividend coverage of 10.24x.

FFKT-US‘s issuance cash flow includes outflows from net debt repayment (coverage of -52.27x).

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm had to dip into the beginning cash balance to pay the dividend, which suggests a low dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) 1.64 0 0 0 0.5 0.7
Dividend Payout (%) 0 0 0 0 14.03 18.58

A complete list of metrics and analysis is available on the company page.

Company Profile

Farmers Capital Bank Corp. operates as a holding company, which provides financial and banking solutions. Through its subsidiary, it offers deposit products, term certificate accounts, residential mortgages, commercial lending, and consumer installment loans. It also provides cash management, issuing letters of credit, safe deposit box rental, and funds transfer services. The company was founded on October 28, 1982 and is headquartered in Frankfort, KY.


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