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On January 22, 2024, Preferred Bank (NASDAQ:PFBC) will distribute a dividend payout of $0.70 per share, equating to an annualized dividend yield of 4.17%. Shareholders who owned the stock before the ex-dividend date on January 05, 2024 will receive this payout.
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-05 | 4 | $0.7 | 4.17% | 2023-12-13 | 2024-01-08 | 2024-01-22 |
| 2023-10-05 | 4 | $0.55 | 3.56% | 2023-09-20 | 2023-10-06 | 2023-10-20 |
| 2023-07-06 | 4 | $0.55 | 3.94% | 2023-06-21 | 2023-07-07 | 2023-07-21 |
| 2023-04-05 | 4 | $0.55 | 4.01% | 2023-03-27 | 2023-04-07 | 2023-04-21 |
| 2023-01-05 | 4 | $0.55 | 3.07% | 2022-12-15 | 2023-01-06 | 2023-01-20 |
| 2022-10-06 | 4 | $0.43 | 2.49% | 2022-09-21 | 2022-10-07 | 2022-10-21 |
| 2022-07-06 | 4 | $0.43 | 2.56% | 2022-06-22 | 2022-07-07 | 2022-07-21 |
| 2022-04-06 | 4 | $0.43 | 2.25% | 2022-03-16 | 2022-04-07 | 2022-04-21 |
| 2022-01-06 | 4 | $0.43 | 2.54% | 2021-12-22 | 2022-01-07 | 2022-01-21 |
| 2021-10-06 | 4 | $0.38 | 2.48% | 2021-09-22 | 2021-10-07 | 2021-10-21 |
| 2021-07-06 | 4 | $0.38 | 2.27% | 2021-06-16 | 2021-07-07 | 2021-07-21 |
| 2021-04-06 | 4 | $0.38 | 2.34% | 2021-03-19 | 2021-04-07 | 2021-04-21 |
In terms of dividend yield, Preferred Bank finds itself in the middle ground among its industry peers, while Eagle Bancorp (NASDAQ:EGBN) takes the lead with the highest annualized dividend yield at 6.59%.
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.
From 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $1.20 in 2020 to $2.35 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
From 2020 to 2023, Preferred Bank experienced a growth in earnings per share, with an increase from $4.57 to $10.64. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
In this article, we explore the recent dividend payout of Preferred Bank and its significance for shareholders. The company has decided to distribute a dividend of $0.70 per share today, which equates to an annualized dividend yield of 4.17%.
In terms of dividend yield, Preferred Bank finds itself in the middle ground among its industry peers, while Eagle Bancorp takes the lead with the highest annualized dividend yield at 6.59%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, Preferred Bank appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.
