By the end of today, August 24, 2023, Peapack Gladstone Finl PGC is set to deliver a dividend payout of $0.05 per share, equating to an annualized dividend yield of 0.68%. The company's dividend payout went ex-dividend on August 09, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Peapack Gladstone Finl Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-09 | 4 | $0.05 | 0.68% | 2023-07-22 | 2023-08-10 | 2023-08-24 |
| 2023-05-05 | 4 | $0.05 | 0.73% | 2023-04-24 | 2023-05-08 | 2023-05-22 |
| 2023-02-08 | 4 | $0.05 | 0.57% | 2023-01-26 | 2023-02-09 | 2023-02-23 |
| 2022-11-09 | 4 | $0.05 | 0.53% | 2022-10-27 | 2022-11-10 | 2022-11-28 |
| 2022-08-10 | 4 | $0.05 | 0.63% | 2022-07-29 | 2022-08-11 | 2022-08-25 |
| 2022-05-11 | 4 | $0.05 | 0.64% | 2022-04-28 | 2022-05-12 | 2022-05-26 |
| 2022-02-09 | 4 | $0.05 | 0.56% | 2022-01-27 | 2022-02-10 | 2022-02-25 |
| 2021-11-09 | 4 | $0.05 | 0.6% | 2021-10-27 | 2021-11-10 | 2021-11-26 |
| 2021-08-09 | 4 | $0.05 | 0.64% | 2021-07-27 | 2021-08-10 | 2021-08-24 |
| 2021-05-10 | 4 | $0.05 | 0.64% | 2021-04-27 | 2021-05-11 | 2021-05-25 |
| 2021-02-10 | 4 | $0.05 | 0.86% | 2021-01-28 | 2021-02-11 | 2021-02-26 |
| 2020-11-09 | 4 | $0.05 | 1.17% | 2020-10-27 | 2020-11-10 | 2020-11-25 |
Peapack Gladstone Finl's dividend yield is on the lower end compared to its industry peers, with Washington Trust Bancorp WASH having a higher annualized dividend yield of 8.14%.
Analyzing Peapack Gladstone Finl 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 observed a stable dividend per share of $0.20 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
YoY Earnings Growth For Peapack Gladstone Finl
The earnings chart above shows that from 2019 to 2022, Peapack Gladstone Finl has experienced an increase in their earnings from $2.35 per share to $3.66 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
In this article, we delve into Peapack Gladstone Finl's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.05 per share today, resulting in an annualized dividend yield of 0.68%.
Peapack Gladstone Finl's dividend yield is on the lower end compared to its industry peers, with Washington Trust Bancorp having a higher annualized dividend yield of 8.14%.
Despite no adjustment in the dividend per share over the period of 2019 to 2022, the consistent growth in earnings per share for Peapack Gladstone Finl indicates a sound financial status, which could enable the company to continue sharing profits with its 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.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Peapack Gladstone Finl'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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
