By the end of today, August 16, 2023, Sandy Spring Bancorp SASR is set to deliver a dividend payout of $0.34 per share, equating to an annualized dividend yield of 5.41%. The company's dividend payout went ex-dividend on August 08, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Sandy Spring Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-08 | 4 | $0.34 | 5.41% | 2023-07-27 | 2023-08-09 | 2023-08-16 |
| 2023-05-09 | 4 | $0.34 | 6.17% | 2023-04-27 | 2023-05-10 | 2023-05-17 |
| 2023-02-07 | 4 | $0.34 | 3.95% | 2023-01-26 | 2023-02-08 | 2023-02-15 |
| 2022-11-08 | 4 | $0.34 | 4.03% | 2022-10-27 | 2022-11-09 | 2022-11-16 |
| 2022-08-09 | 4 | $0.34 | 3.33% | 2022-07-28 | 2022-08-10 | 2022-08-17 |
| 2022-05-10 | 4 | $0.34 | 3.4% | 2022-04-28 | 2022-05-11 | 2022-05-18 |
| 2022-02-17 | 4 | $0.34 | 2.85% | 2022-01-27 | 2022-02-18 | 2022-02-28 |
| 2021-11-09 | 4 | $0.32 | 2.76% | 2021-10-28 | 2021-11-10 | 2021-11-17 |
| 2021-08-10 | 4 | $0.32 | 3.07% | 2021-07-29 | 2021-08-11 | 2021-08-18 |
| 2021-05-11 | 4 | $0.32 | 2.85% | 2021-04-29 | 2021-05-12 | 2021-05-19 |
| 2021-02-16 | 4 | $0.32 | 3.8% | 2021-01-28 | 2021-02-17 | 2021-02-24 |
| 2020-11-09 | 4 | $0.3 | 4.89% | 2020-10-29 | 2020-11-11 | 2020-11-18 |
In terms of dividend yield, Sandy Spring Bancorp finds itself in the middle ground among its industry peers, while Peoples Bancorp PEBO takes the lead with the highest annualized dividend yield at 5.85%.
Analyzing Sandy Spring Bancorp 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 $1.18 in 2019 to $1.36 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 Sandy Spring Bancorp
From 2019 to 2022, Sandy Spring Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $3.18 to $3.82. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article takes an in-depth look at Sandy Spring Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.34 per share today, translating to an annualized dividend yield of 5.41%.
In terms of dividend yield, Sandy Spring Bancorp finds itself in the middle ground among its industry peers, while Peoples Bancorp takes the lead with the highest annualized dividend yield at 5.85%.
With an increase in dividend per share and earnings per share from 2019 to 2022, Sandy Spring Bancorp demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates 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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