F.N.B. raises quarterly dividend to 13c per share, announces $250M share buyback

F.N.B. (FNB) announced two strategic actions to deploy capital, resulting from sustained exceptional financial performance to continue to benefit FNB shareholders. In addition to declaring a quarterly cash dividend of 13c per share on common stock, representing a one cent per share increase from the prior quarterly cash dividend, the company authorized a new $250M share repurchase program. Both actions were unanimously approved by the Board of Directors based on FNB executive management’s disciplined development and execution of its long-term strategic plans. FNB’s quarterly stock dividend is payable on June 15 to shareholders of record as of the close of business on June 1.