Today, August 15, 2023, Orrstown Finl Servs ORRF will distribute a dividend payout of $0.20 per share, highlighting an annualized dividend yield of 3.65%. Shareholders who owned the stock before the ex-dividend date on August 07, 2023 will be eligible for this payout.
Orrstown Finl Servs Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-07 | 4 | $0.2 | 3.65% | 2023-07-25 | 2023-08-08 | 2023-08-15 |
| 2023-05-08 | 4 | $0.2 | 4.27% | 2023-04-25 | 2023-05-09 | 2023-05-16 |
| 2023-02-06 | 4 | $0.2 | 3.38% | 2023-01-24 | 2023-02-07 | 2023-02-14 |
| 2022-10-28 | 4 | $0.19 | 3.05% | 2022-10-18 | 2022-10-31 | 2022-11-07 |
| 2022-07-29 | 4 | $0.19 | 3.12% | 2022-07-19 | 2022-08-01 | 2022-08-08 |
| 2022-04-29 | 4 | $0.19 | 3.44% | 2022-04-19 | 2022-05-02 | 2022-05-09 |
| 2022-01-31 | 4 | $0.19 | 3.02% | 2022-01-19 | 2022-02-01 | 2022-02-08 |
| 2021-10-29 | 4 | $0.19 | 3.21% | 2021-10-19 | 2021-11-01 | 2021-11-08 |
| 2021-07-30 | 4 | $0.19 | 3.39% | 2021-07-20 | 2021-08-02 | 2021-08-09 |
| 2021-04-30 | 4 | $0.18 | 3.22% | 2021-04-20 | 2021-05-03 | 2021-05-10 |
| 2021-01-29 | 4 | $0.18 | 4.09% | 2021-01-20 | 2021-02-01 | 2021-02-08 |
| 2020-10-30 | 4 | $0.17 | 5.06% | 2020-10-20 | 2020-11-02 | 2020-11-09 |
Orrstown Finl Servs's dividend yield falls in the middle range when compared to its industry peers, with Northrim BanCorp NRIM having the highest annualized dividend yield at 5.09%.
Analyzing Orrstown Finl Servs 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 $0.60 in 2019 to $0.76 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 Orrstown Finl Servs
From 2019 to 2022, Orrstown Finl Servs has demonstrated an upward trend in earnings, with earnings per share rising from $1.57 to $2.94. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article delves into the recent dividend payout of Orrstown Finl Servs and its implications for shareholders. Presently, the company is distributing a dividend of $0.20 per share, leading to an annualized dividend yield of 3.65%.
Orrstown Finl Servs's dividend yield falls in the middle range when compared to its industry peers, with Northrim BanCorp having the highest annualized dividend yield at 5.09%.
Given that Orrstown Finl Servs 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.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Orrstown Finl Servs'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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