By the close of today, January 24, 2024, NetApp NTAP will issue a dividend payout of $0.50 per share, resulting in an annualized dividend yield of 2.56%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 04, 2024.
NetApp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-04 | 4 | $0.5 | 2.56% | 2023-11-28 | 2024-01-05 | 2024-01-24 |
| 2023-10-05 | 4 | $0.5 | 2.61% | 2023-08-23 | 2023-10-06 | 2023-10-25 |
| 2023-07-06 | 4 | $0.5 | 2.89% | 2023-05-31 | 2023-07-07 | 2023-07-26 |
| 2023-04-05 | 4 | $0.5 | 3.03% | 2023-02-22 | 2023-04-06 | 2023-04-26 |
| 2023-01-05 | 4 | $0.5 | 2.76% | 2022-11-29 | 2023-01-06 | 2023-01-25 |
| 2022-10-06 | 4 | $0.5 | 2.73% | 2022-08-24 | 2022-10-07 | 2022-10-26 |
| 2022-07-07 | 4 | $0.5 | 2.78% | 2022-06-01 | 2022-07-08 | 2022-07-27 |
| 2022-04-07 | 4 | $0.5 | 2.32% | 2022-02-23 | 2022-04-08 | 2022-04-27 |
| 2022-01-06 | 4 | $0.5 | 2.19% | 2021-11-30 | 2022-01-07 | 2022-01-26 |
| 2021-10-07 | 4 | $0.5 | 2.48% | 2021-08-25 | 2021-10-08 | 2021-10-27 |
| 2021-07-08 | 4 | $0.5 | 2.61% | 2021-06-02 | 2021-07-09 | 2021-07-28 |
| 2021-04-08 | 4 | $0.48 | 2.77% | 2021-02-24 | 2021-04-09 | 2021-04-28 |
NetApp's dividend yield falls in the middle range when compared to its industry peers, with Xerox Holdings XRX having the highest annualized dividend yield at 6.01%.
Analyzing NetApp 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
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $1.92 to $2.00. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For NetApp
The earnings chart illustrates an increase in NetApp's earnings per share, from $4.13 in 2020 to $5.64 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we delve into NetApp's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.50 per share today, resulting in an annualized dividend yield of 2.56%.
NetApp's dividend yield falls in the middle range when compared to its industry peers, with Xerox Holdings having the highest annualized dividend yield at 6.01%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, NetApp appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[Monitor live stock price updates for NetApp on Benzinga.](https://www.benzinga.com/quote/NetApp (NASDAQ: NTAP))
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.
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