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OP Bancorp Exceeds Expectations with Strong Performance, Driving Profits and Rewarding Investors

Author: Benzinga Insights | August 24, 2023 11:05am

Today, August 24, 2023, marks an important moment for investors of OP Bancorp (NASDAQ:OPBK). The company will distribute a dividend payout of $0.12 per share, demonstrating an annualized dividend yield of 4.94%. Remember, only shareholders prior to the ex-dividend date on August 09, 2023 are eligible for this payout.

OP Bancorp Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-08-09 4 $0.12 4.94% 2023-07-27 2023-08-10 2023-08-24
2023-05-10 4 $0.12 5.36% 2023-04-27 2023-05-11 2023-05-25
2023-02-08 4 $0.12 4.28% 2023-01-26 2023-02-09 2023-02-23
2022-11-09 4 $0.12 4.19% 2022-10-27 2022-11-10 2022-11-24
2022-08-10 4 $0.12 4.39% 2022-07-28 2022-08-11 2022-08-25
2022-05-11 4 $0.1 3.02% 2022-04-28 2022-05-12 2022-05-26
2022-02-09 4 $0.1 3.42% 2022-01-27 2022-02-10 2022-02-24
2021-11-09 4 $0.1 3.79% 2021-10-28 2021-11-11 2021-11-25
2021-08-04 4 $0.1 4.04% 2021-07-22 2021-08-05 2021-08-19
2021-05-05 4 $0.07 2.78% 2021-04-22 2021-05-06 2021-05-20
2021-02-10 4 $0.07 3.71% 2021-01-28 2021-02-11 2021-02-25
2020-11-05 4 $0.07 4.38% 2020-10-22 2020-11-06 2020-11-20

When comparing OP Bancorp's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer United Security (NASDAQ:UBFO) having the highest annualized dividend yield at 6.84%.

Analyzing OP Bancorp Financial Health

Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.

YoY Growth in Dividend Per Share

dividend chart graph

From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.20 in 2019 to $0.44 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.

YoY Earnings Growth For OP Bancorp

earning chart graph

From 2019 to 2022, OP Bancorp experienced a growth in earnings per share, with an increase from $0.93 to $2.21. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.

Recap

In this article, we delve into OP Bancorp's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.12 per share today, resulting in an annualized dividend yield of 4.94%.

When comparing OP Bancorp's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer United Security having the highest annualized dividend yield at 6.84%.

The increase in both dividend per share and earnings per share from 2019 to 2022 for OP Bancorp indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.

It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.

[Click here](https://www.compensationrecovery.com/symbol//dividends) to find details on OP Bancorp's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

Posted In: OPBK UBFO

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