Primis Financial (FRST) DIvidends Date & History

Key Takeaways

• Primis Financial (FRST) pays a quarterly dividend of $0.10 per share, or $0.40 annually, for a yield of roughly 2.5%–2.6%.
• The dividend is supported by a low payout ratio of about 18%–21% of earnings, leaving ample room for coverage.
• The quarterly payout has been unchanged since 2020, so the stock is a steady-income payer rather than a dividend-growth story.
• The yield sits modestly above the industry median, making it competitive among small regional banks.
• Regular, uninterrupted payments over more than a decade underscore the bank's commitment to returning capital to shareholders.

Dividend Overview

Primis Financial Corp. (FRST) is the bank holding company for Primis Bank, a community-focused financial institution serving customers principally in Virginia and Maryland. The company pays a regular quarterly cash dividend of $0.10 per share, which annualizes to $0.40 per share and currently translates into a dividend yield of about 2.5%–2.6%, depending on the prevailing share price.

Payments follow a consistent quarterly schedule, with recent ex-dividend dates falling in February, May, August, and November and payments following roughly two weeks later. Primis is best described as a modest-yield, steady-income stock rather than a high-yield or fast-growing dividend payer. Its payout is well covered by earnings, positioning it as a stable regional bank holding that prioritizes dependable, recurring distributions over aggressive dividend growth.

Dividend History and Growth

Primis Financial has maintained an unbroken record of quarterly cash dividends for well over a decade, demonstrating a durable commitment to shareholder returns even through periods of market stress. The per-share payout has gradually stepped up over time: the company paid $0.08 per quarter from 2016 through 2018, raised the amount to $0.09 in 2019, and then increased it to $0.10 in 2020, where it has remained since.

Because the dividend has been flat since 2020, Primis does not currently hold a dividend-growth streak, and its trailing twelve-month dividend growth is effectively 0%. The long-term trend nonetheless reflects a conservative, deliberate approach to capital return. Management has favored stability over aggressive increases, and the absence of any cuts during the volatile 2020–2024 period is a notable sign of resilience for income-oriented shareholders.

Dividend Sustainability and Payout Ratio

Primis Financial's dividend appears well supported by current earnings. Based on trailing twelve-month earnings per share (EPS — a company's profit divided by its outstanding shares), the payout ratio is roughly 18%–21%, a low figure that gives the bank substantial flexibility to maintain the dividend even if profitability softens. On a cash-flow basis, the payout consumes a larger but still manageable share of operating cash flow.

It is worth noting that the payout ratio spiked in 2024 and early 2025 when the bank reported unusually weak earnings, but it normalized as profitability recovered. As a regulated bank, Primis also operates within capital adequacy requirements, and its funding model relies primarily on customer deposits rather than heavy leverage. These factors, combined with a conservative payout level, point to a dividend that is sustainable under current conditions, though future increases will likely depend on continued earnings growth.

Dividend Compared to Industry Peers

Within the community and regional bank space, Primis Financial's yield of roughly 2.5%–2.6% is competitive but not exceptional. The dividend is modestly above the industry median, which typically sits near 2.1%–2.2% for comparable small-cap banks, giving Primis a slight edge on current income. At the same time, the broader financial sector average is often higher, though that figure is skewed upward by real estate investment trusts (REITs) and business development companies that carry elevated payout requirements.

Investors should therefore view Primis as a middle-of-the-road regional bank income holding: its yield is solid for its peer group, its payout is well covered, and its distribution has proven reliable over time — but it does not offer the headline yield of higher-paying financial names.

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Is This Stock Attractive for Dividend Investors?

Primis Financial is likely to appeal most to conservative, income-oriented investors who prioritize reliable, recurring quarterly payments over rapid payout growth. With a well-covered dividend, a long unbroken payment record, and a modestly above-average yield for its peer group, the stock suits long-term investors seeking steady income from a smaller regional bank.

The flat dividend since 2020, however, means the stock is less attractive to dividend-growth investors who target consistent annual increases. Similarly, investors seeking high current yield may find Primis's roughly 2.5% payout unremarkable compared with higher-yielding financial names. As with any smaller regional bank, exposure to local economic conditions and interest-rate cycles can influence earnings and, over time, the capacity to raise the dividend. Overall, Primis is a balanced choice for investors who value stability and moderate income, rather than aggressive growth or maximum yield.

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