As the day concludes, Old Second Bancorp OSBC is preparing to distribute a dividend payout of $0.05 per share, resulting in an annualized dividend yield of 1.43%. This payout is exclusive to investors who held the stock before the ex-dividend date on July 27, 2023.
Old Second Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-27 | 4 | $0.05 | 1.43% | 2023-07-18 | 2023-07-28 | 2023-08-07 |
| 2023-04-27 | 4 | $0.05 | 1.49% | 2023-04-18 | 2023-04-28 | 2023-05-08 |
| 2023-01-26 | 4 | $0.05 | 1.21% | 2023-01-17 | 2023-01-27 | 2023-02-06 |
| 2022-10-27 | 4 | $0.05 | 1.39% | 2022-10-18 | 2022-10-28 | 2022-11-07 |
| 2022-07-28 | 4 | $0.05 | 1.4% | 2022-07-19 | 2022-07-29 | 2022-08-08 |
| 2022-04-28 | 4 | $0.05 | 1.41% | 2022-04-19 | 2022-04-29 | 2022-05-09 |
| 2022-01-27 | 4 | $0.05 | 1.41% | 2022-01-18 | 2022-01-28 | 2022-02-07 |
| 2021-10-28 | 4 | $0.05 | 1.52% | 2021-10-19 | 2021-10-29 | 2021-11-08 |
| 2021-07-29 | 4 | $0.05 | 1.62% | 2021-07-21 | 2021-07-30 | 2021-08-09 |
| 2021-04-29 | 4 | $0.05 | 1.55% | 2021-04-20 | 2021-04-30 | 2021-05-10 |
| 2021-01-28 | 4 | $0.01 | 0.37% | 2021-01-19 | 2021-01-29 | 2021-02-08 |
| 2020-10-29 | 4 | $0.01 | 0.46% | 2020-10-19 | 2020-10-30 | 2020-11-09 |
In terms of dividend yield, Old Second Bancorp finds itself in the middle ground among its industry peers, while Eagle Bancorp EGBN takes the lead with the highest annualized dividend yield at 6.62%.
Analyzing Old Second 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
As you can see, from 2019 to 2022, investors saw an average increase in the company's dividend per share, rising from $0.04 in 2019 to $0.20 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Old Second Bancorp
From 2019 to 2022, Old Second Bancorp experienced a growth in earnings per share, with an increase from $1.28 to $1.47. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article takes an in-depth look at Old Second Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.05 per share today, translating to an annualized dividend yield of 1.43%.
In terms of dividend yield, Old Second Bancorp finds itself in the middle ground among its industry peers, while Eagle Bancorp takes the lead with the highest annualized dividend yield at 6.62%.
Given that Old Second Bancorp has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[Monitor live stock price updates for Old Second Bancorp on Benzinga.](https://www.benzinga.com/quote/Old Second Bancorp (NASDAQ: OSBC))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Ex-Date | ticker | name | Dividend | Yield | Announced | Record | Payable |
|---|
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