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.
Preferred Bank Recent Dividend Payouts
| 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%.
Analyzing Preferred Bank 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
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.
YoY Earnings Growth For Preferred Bank
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.
Recap
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.
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