At the end of today, September 19, 2023, Penns Woods Bancorp PWOD will distribute a dividend payout of $0.32 per share, translating to an annualized dividend yield of 4.98%. Shareholders who held the stock before the ex-dividend date on September 01, 2023 will benefit from this payout.
Penns Woods Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-09-01 | 4 | $0.32 | 4.98% | 2023-08-22 | 2023-09-05 | 2023-09-19 |
| 2023-06-05 | 4 | $0.32 | 5.32% | 2023-05-23 | 2023-06-06 | 2023-06-20 |
| 2023-03-13 | 4 | $0.32 | 4.78% | 2023-02-28 | 2023-03-14 | 2023-03-28 |
| 2022-12-05 | 4 | $0.32 | 5.04% | 2022-11-22 | 2022-12-06 | 2022-12-20 |
| 2022-09-02 | 4 | $0.32 | 5.33% | 2022-08-23 | 2022-09-06 | 2022-09-20 |
| 2022-06-06 | 4 | $0.32 | 5.63% | 2022-05-24 | 2022-06-07 | 2022-06-21 |
| 2022-03-07 | 4 | $0.32 | 5.29% | 2022-02-22 | 2022-03-08 | 2022-03-22 |
| 2021-12-06 | 4 | $0.32 | 5.28% | 2021-11-23 | 2021-12-07 | 2021-12-21 |
| 2021-09-03 | 4 | $0.32 | 5.38% | 2021-08-24 | 2021-09-07 | 2021-09-21 |
| 2021-06-07 | 4 | $0.32 | 4.95% | 2021-05-24 | 2021-06-08 | 2021-06-22 |
| 2021-03-08 | 4 | $0.32 | 5.49% | 2021-02-23 | 2021-03-09 | 2021-03-23 |
| 2020-12-07 | 4 | $0.32 | 5.0% | 2020-11-24 | 2020-12-08 | 2020-12-22 |
When comparing Penns Woods Bancorp's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Blue Ridge Bankshares BRBS having the highest annualized dividend yield at 7.21%.
Analyzing Penns Woods 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 decrease in the company's dividend per share, decreasing from $1.73 in 2019 to $1.28 in 2022. This is not favorable for investors as it indicates a decline in the company's dividend payout over the years. Further analysis is recommended to understand the factors contributing to this decrease.
YoY Earnings Growth For Penns Woods Bancorp
From 2019 to 2022, Penns Woods Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $2.42 to $2.51. 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 Penns Woods Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.32 per share today, translating to an annualized dividend yield of 4.98%.
When comparing Penns Woods Bancorp's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Blue Ridge Bankshares having the highest annualized dividend yield at 7.21%.
With dividend per share decreasing and earnings per share increasing from 2019 to 2022, Penns Woods Bancorp appears to be emphasizing business growth by reinvesting profits rather than focusing on dividend distributions.
Investors are advised to closely monitor the company's performance in the upcoming quarters to stay informed about any fluctuations in financials or dividend disbursements.
[Monitor live stock price updates for Penns Woods Bancorp on Benzinga.](https://www.benzinga.com/quote/Penns Woods Bancorp (NASDAQ: PWOD))
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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