Today, November 27, 2023, marks an important moment for investors of SmartFinancial SMBK. The company will distribute a dividend payout of $0.08 per share, demonstrating an annualized dividend yield of 1.55%. Remember, only shareholders prior to the ex-dividend date on November 10, 2023 are eligible for this payout.
SmartFinancial Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-10 | 4 | $0.08 | 1.55% | 2023-10-27 | 2023-11-13 | 2023-11-27 |
| 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 |
SmartFinancial's dividend yield falls in the middle range when compared to its industry peers, with Flushing Financial FFIC having the highest annualized dividend yield at 6.25%.
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
From 2020 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.20 in 2020 to $0.28 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For SmartFinancial
Investors can observe a growth in earnings for SmartFinancial from 2020 to 2022, as earnings per share increased from $1.64 to $2.33. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
In this article, we explore the recent dividend payout of SmartFinancial and its significance for shareholders. The company has decided to distribute a dividend of $0.08 per share today, which equates to an annualized dividend yield of 1.55%.
SmartFinancial's dividend yield falls in the middle range when compared to its industry peers, with Flushing Financial having the highest annualized dividend yield at 6.25%.
Given that SmartFinancial has experienced an increase in dividend per share from 2020 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.
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