At the end of August 14, 2023, Northwest Bancshares (NASDAQ:NWBI) will reward its shareholders with a dividend payout of $0.20 per share, demonstrating an annualized dividend yield of 6.83%. Remember, only investors who held the stock before the ex-dividend date on August 02, 2023 will receive this payout.
Northwest Bancshares Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-02 | 4 | $0.2 | 6.83% | 2023-07-24 | 2023-08-03 | 2023-08-14 |
| 2023-05-03 | 4 | $0.2 | 6.98% | 2023-04-24 | 2023-05-04 | 2023-05-15 |
| 2023-02-01 | 4 | $0.2 | 5.79% | 2023-01-23 | 2023-02-02 | 2023-02-14 |
| 2022-11-02 | 4 | $0.2 | 5.79% | 2022-10-24 | 2022-11-03 | 2022-11-14 |
| 2022-08-03 | 4 | $0.2 | 6.12% | 2022-07-25 | 2022-08-04 | 2022-08-15 |
| 2022-05-04 | 4 | $0.2 | 6.03% | 2022-04-25 | 2022-05-05 | 2022-05-16 |
| 2022-02-02 | 4 | $0.2 | 5.6% | 2022-01-24 | 2022-02-03 | 2022-02-14 |
| 2021-11-04 | 4 | $0.2 | 5.68% | 2021-10-25 | 2021-11-05 | 2021-11-15 |
| 2021-08-04 | 4 | $0.2 | 5.94% | 2021-07-26 | 2021-08-05 | 2021-08-16 |
| 2021-05-05 | 4 | $0.2 | 5.66% | 2021-04-26 | 2021-05-06 | 2021-05-17 |
| 2021-02-03 | 4 | $0.19 | 5.48% | 2021-01-25 | 2021-02-04 | 2021-02-15 |
| 2020-11-04 | 4 | $0.19 | 7.19% | 2020-10-26 | 2020-11-05 | 2020-11-16 |
Northwest Bancshares is the leader in terms of dividend yield compared to its industry peers, with Hope Bancorp (NASDAQ:HOPE) having the highest annualized dividend yield at 5.40%.
Analyzing Northwest Bancshares 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 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.72 in 2019 to $0.80 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Northwest Bancshares
Investors can observe a decrease in Northwest Bancshares's earnings per share from $1.07 in 2019 to $1.03 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
Recap
In this article, we explore the recent dividend payout of Northwest Bancshares and its significance for shareholders. The company has decided to distribute a dividend of $0.20 per share today, which equates to an annualized dividend yield of 6.83%.
Northwest Bancshares is the leader in terms of dividend yield compared to its industry peers, with Hope Bancorp having the highest annualized dividend yield at 5.40%.
Given that Northwest Bancshares has experienced an increase in dividend per share from 2019 to 2022 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
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.
[Track real-time stock fluctuations for Northwest Bancshares on Benzinga.](https://www.benzinga.com/quote/Northwest Bancshares (NASDAQ: NWBI))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
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