By the end of today, August 23, 2023, Northfield Bancorp NFBK is set to deliver a dividend payout of $0.13 per share, equating to an annualized dividend yield of 4.29%. 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.
Northfield Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-08 | 4 | $0.13 | 4.29% | 2023-07-26 | 2023-08-09 | 2023-08-23 |
| 2023-05-09 | 4 | $0.13 | 4.87% | 2023-04-26 | 2023-05-10 | 2023-05-24 |
| 2023-02-07 | 4 | $0.13 | 3.31% | 2023-01-25 | 2023-02-08 | 2023-02-22 |
| 2022-11-08 | 4 | $0.13 | 3.35% | 2022-10-26 | 2022-11-09 | 2022-11-23 |
| 2022-08-09 | 4 | $0.13 | 3.75% | 2022-07-27 | 2022-08-10 | 2022-08-24 |
| 2022-05-10 | 4 | $0.13 | 3.91% | 2022-04-27 | 2022-05-11 | 2022-05-25 |
| 2022-02-08 | 4 | $0.13 | 3.08% | 2022-01-26 | 2022-02-09 | 2022-02-23 |
| 2021-11-09 | 4 | $0.13 | 2.98% | 2021-10-27 | 2021-11-10 | 2021-11-24 |
| 2021-08-10 | 4 | $0.13 | 3.27% | 2021-07-28 | 2021-08-11 | 2021-08-25 |
| 2021-05-11 | 4 | $0.13 | 3.22% | 2021-04-28 | 2021-05-12 | 2021-05-26 |
| 2021-02-09 | 4 | $0.11 | 3.42% | 2021-01-27 | 2021-02-10 | 2021-02-24 |
| 2020-11-09 | 4 | $0.11 | 4.25% | 2020-10-28 | 2020-11-11 | 2020-11-25 |
Northfield Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Washington Trust Bancorp WASH having the highest annualized dividend yield at 8.16%.
Analyzing Northfield 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
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $0.43 to $0.52, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Northfield Bancorp
The earnings chart illustrates an increase in Northfield Bancorp's earnings per share, from $0.77 in 2019 to $1.35 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
In this article, we delve into Northfield Bancorp's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.13 per share today, resulting in an annualized dividend yield of 4.29%.
Northfield Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Washington Trust Bancorp having the highest annualized dividend yield at 8.16%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Northfield Bancorp appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
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.
[Track real-time stock fluctuations for Northfield Bancorp on Benzinga.](https://www.benzinga.com/quote/Northfield Bancorp (NASDAQ: NFBK))
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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