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Thriving with Robust Performance: MVB Financial Delivers Growing Profits to Investors

Author: Benzinga Insights | December 15, 2023 11:05am

As the day concludes, MVB Financial (NASDAQ:MVBF) is preparing to distribute a dividend payout of $0.17 per share, resulting in an annualized dividend yield of 3.44%. This payout is exclusive to investors who held the stock before the ex-dividend date on November 30, 2023.

MVB Financial Recent Dividend Payouts

Ex-Date Payments per year Dividend Yield Announced Record Payable
2023-11-30 4 $0.17 3.44% 2023-11-21 2023-12-01 2023-12-15
2023-08-31 4 $0.17 2.7% 2023-08-17 2023-09-01 2023-09-15
2023-05-31 4 $0.17 3.91% 2023-05-10 2023-06-01 2023-06-15
2023-02-28 4 $0.17 2.8% 2023-02-17 2023-03-01 2023-03-15
2022-11-30 4 $0.17 2.81% 2022-11-16 2022-12-01 2022-12-15
2022-08-31 4 $0.17 1.93% 2022-08-17 2022-09-01 2022-09-15
2022-05-31 4 $0.17 1.8% 2022-05-18 2022-06-01 2022-06-15
2022-02-28 4 $0.17 1.73% 2022-02-16 2022-03-01 2022-03-15
2021-11-30 4 $0.15 1.43% 2021-11-17 2021-12-01 2021-12-15
2021-08-31 4 $0.14 1.27% 2021-08-09 2021-09-01 2021-09-15
2021-05-28 4 $0.12 1.13% 2021-05-19 2021-06-01 2021-06-15
2021-02-26 4 $0.1 1.68% 2021-02-17 2021-03-01 2021-03-15

With a dividend yield that places it neither at the top nor the bottom, MVB Financial finds itself in the middle among its industry peers, while First of Long Island (NASDAQ:FLIC) boasts the highest annualized dividend yield at 6.36%.

Analyzing MVB Financial 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

The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $0.20 to $0.68. This signifies the company's commitment to consistently increasing shareholder dividends.

YoY Earnings Growth For MVB Financial

earning chart graph

Investors can observe a growth in earnings for MVB Financial from 2019 to 2022, as earnings per share increased from $1.24 to $1.43. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.

Recap

In this article, we explore the recent dividend payout of MVB Financial and its significance for shareholders. The company has decided to distribute a dividend of $0.17 per share today, which equates to an annualized dividend yield of 3.44%.

With a dividend yield that places it neither at the top nor the bottom, MVB Financial finds itself in the middle among its industry peers, while First of Long Island boasts the highest annualized dividend yield at 6.36%.

The upward trend in dividend per share and earnings per share for MVB Financial from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.

To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.

[Click here](https://www.compensationrecovery.com/symbol//dividends) to find details on MVB Financial'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: FLIC MVBF

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