By the end of today, July 21, 2023, Preferred Bank PFBC is set to deliver a dividend payout of $0.55 per share, equating to an annualized dividend yield of 3.94%. The company's dividend payout went ex-dividend on July 06, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Preferred Bank Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2021-01-06 | 4 | $0.3 | 2.53% | 2020-12-16 | 2021-01-07 | 2021-01-21 |
| 2020-10-06 | 4 | $0.3 | 3.58% | 2020-09-16 | 2020-10-07 | 2020-10-21 |
With a dividend yield that places it neither at the top nor the bottom, Preferred Bank finds itself in the middle among its industry peers, while Eagle Bancorp EGBN boasts the highest annualized dividend yield at 7.03%.
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
The company demonstrated a positive dividend growth pattern from 2019 to 2022, with the dividend per share rising from $1.20 to $1.84. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Preferred Bank
Investors can observe a growth in earnings for Preferred Bank from 2019 to 2022, as earnings per share increased from $5.08 to $7.81. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for 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 $0.55 per share today, which equates to an annualized dividend yield of 3.94%.
With a dividend yield that places it neither at the top nor the bottom, Preferred Bank finds itself in the middle among its industry peers, while Eagle Bancorp boasts the highest annualized dividend yield at 7.03%.
With an increase in dividend per share and earnings per share from 2019 to 2022, Preferred Bank demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Preferred Bank's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
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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