On August 14, 2023, Sierra BSRR will distribute a dividend payout of $0.23 per share, equating to an annualized dividend yield of 5.01%. Shareholders who owned the stock before the ex-dividend date on July 28, 2023 will receive this payout.
Sierra Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-07-28 | 4 | $0.23 | 5.01% | 2023-07-20 | 2023-07-31 | 2023-08-14 |
| 2023-04-28 | 4 | $0.23 | 5.72% | 2023-04-21 | 2023-05-01 | 2023-05-12 |
| 2023-01-30 | 4 | $0.23 | 4.28% | 2023-01-20 | 2023-01-31 | 2023-02-13 |
| 2022-10-28 | 4 | $0.23 | 4.45% | 2022-10-21 | 2022-10-31 | 2022-11-14 |
| 2022-07-29 | 4 | $0.23 | 4.14% | 2022-07-21 | 2022-08-01 | 2022-08-15 |
| 2022-04-29 | 4 | $0.23 | 3.74% | 2022-04-22 | 2022-05-02 | 2022-05-12 |
| 2022-01-28 | 4 | $0.23 | 3.39% | 2022-01-21 | 2022-01-31 | 2022-02-14 |
| 2021-10-28 | 4 | $0.22 | 3.61% | 2021-10-22 | 2021-10-29 | 2021-11-11 |
| 2021-07-29 | 4 | $0.22 | 3.49% | 2021-07-16 | 2021-07-30 | 2021-08-12 |
| 2021-04-28 | 4 | $0.21 | 3.13% | 2021-04-16 | 2021-04-29 | 2021-05-12 |
| 2021-01-28 | 4 | $0.21 | 3.52% | 2021-01-22 | 2021-01-29 | 2021-02-12 |
| 2020-10-29 | 4 | $0.2 | 4.49% | 2020-10-16 | 2020-10-30 | 2020-11-12 |
Sierra's dividend yield falls in the middle range when compared to its industry peers, with Financial Institutions FISI having the highest annualized dividend yield at 6.20%.
Analyzing Sierra 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 $0.74 in 2019 to $0.92 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 Sierra
The earnings chart illustrates an increase in Sierra's earnings per share, from $2.24 in 2019 to $2.39 in 2022. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
This article provides an in-depth analysis of Sierra's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.23 per share, resulting in an annualized dividend yield of 5.01%.
Sierra's dividend yield falls in the middle range when compared to its industry peers, with Financial Institutions having the highest annualized dividend yield at 6.20%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Sierra indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
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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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