Investors eagerly anticipate the dividend payout from SmartFinancial SMBK on August 28, 2023. With a payout of $0.08 per share and an annualized dividend yield of 1.30%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on August 10, 2023
SmartFinancial Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-08-10 | 4 | $0.08 | 1.3% | 2023-07-27 | 2023-08-11 | 2023-08-28 |
| 2023-05-11 | 4 | $0.08 | 1.48% | 2023-04-27 | 2023-05-12 | 2023-05-29 |
| 2023-02-09 | 4 | $0.08 | 1.21% | 2023-01-26 | 2023-02-10 | 2023-02-27 |
| 2022-11-10 | 4 | $0.07 | 0.98% | 2022-10-28 | 2022-11-14 | 2022-11-29 |
| 2022-08-11 | 4 | $0.07 | 1.08% | 2022-07-28 | 2022-08-12 | 2022-08-29 |
| 2022-05-12 | 4 | $0.07 | 1.14% | 2022-04-28 | 2022-05-13 | 2022-05-31 |
| 2022-02-10 | 4 | $0.07 | 1.04% | 2022-01-27 | 2022-02-11 | 2022-02-28 |
| 2021-11-10 | 4 | $0.06 | 0.93% | 2021-10-28 | 2021-11-12 | 2021-11-29 |
| 2021-08-05 | 4 | $0.06 | 0.98% | 2021-07-22 | 2021-08-06 | 2021-08-23 |
| 2021-05-06 | 4 | $0.06 | 1.04% | 2021-04-23 | 2021-05-07 | 2021-05-21 |
| 2021-02-11 | 4 | $0.06 | 1.21% | 2021-01-28 | 2021-02-12 | 2021-03-01 |
| 2020-11-06 | 4 | $0.05 | 1.38% | 2020-10-23 | 2020-11-09 | 2020-11-23 |
With a dividend yield that places it neither at the top nor the bottom, SmartFinancial finds itself in the middle among its industry peers, while Flushing Financial FFIC boasts the highest annualized dividend yield at 6.34%.
Analyzing SmartFinancial 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
During the period of 2020 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.20 to $0.28, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For SmartFinancial
The earnings chart illustrates an increase in SmartFinancial's earnings per share, from $1.64 in 2020 to $2.33 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 delves into the recent dividend payout of SmartFinancial and its implications for shareholders. Presently, the company is distributing a dividend of $0.08 per share, leading to an annualized dividend yield of 1.30%.
With a dividend yield that places it neither at the top nor the bottom, SmartFinancial finds itself in the middle among its industry peers, while Flushing Financial boasts the highest annualized dividend yield at 6.34%.
Considering the increase in dividend per share from 2020 to 2022 along with an increase in earnings per share, SmartFinancial 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.
[Click here](https://www.benzinga.com/stock//dividends) to find details on SmartFinancial'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.
