By the end of today, October 20, 2023, Preferred Bank PFBC is set to deliver a dividend payout of $0.55 per share, equating to an annualized dividend yield of 3.56%. Shareholders who owned the stock prior to the ex-dividend date on October 05, 2023 will receive this payout.
Preferred Bank Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-05 | 4 | $0.55 | 3.56% | 2023-09-20 | 2023-10-06 | 2023-10-20 |
| 2023-07-06 | 4 | $0.55 | 3.94% | 2023-06-21 | 2023-07-07 | 2023-07-21 |
| 2023-04-05 | 4 | $0.55 | 4.01% | 2023-03-27 | 2023-04-07 | 2023-04-21 |
| 2023-01-05 | 4 | $0.55 | 3.07% | 2022-12-15 | 2023-01-06 | 2023-01-20 |
| 2022-10-06 | 4 | $0.43 | 2.49% | 2022-09-21 | 2022-10-07 | 2022-10-21 |
| 2022-07-06 | 4 | $0.43 | 2.56% | 2022-06-22 | 2022-07-07 | 2022-07-21 |
| 2022-04-06 | 4 | $0.43 | 2.25% | 2022-03-16 | 2022-04-07 | 2022-04-21 |
| 2022-01-06 | 4 | $0.43 | 2.54% | 2021-12-22 | 2022-01-07 | 2022-01-21 |
| 2021-10-06 | 4 | $0.38 | 2.48% | 2021-09-22 | 2021-10-07 | 2021-10-21 |
| 2021-07-06 | 4 | $0.38 | 2.27% | 2021-06-16 | 2021-07-07 | 2021-07-21 |
| 2021-04-06 | 4 | $0.38 | 2.34% | 2021-03-19 | 2021-04-07 | 2021-04-21 |
| 2021-01-06 | 4 | $0.3 | 2.53% | 2020-12-16 | 2021-01-07 | 2021-01-21 |
When comparing Preferred Bank's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Sandy Spring Bancorp SASR having the highest annualized dividend yield at 6.63%.
Analyzing Preferred Bank 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 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $1.20 to $1.84, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Preferred Bank
The earnings chart above shows that from 2019 to 2022, Preferred Bank has experienced an increase in their earnings from $5.08 per share to $7.81 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 Preferred Bank's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.55 per share today, resulting in an annualized dividend yield of 3.56%.
When comparing Preferred Bank's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Sandy Spring Bancorp having the highest annualized dividend yield at 6.63%.
The increase in both dividend per share and earnings per share from 2019 to 2022 for Preferred Bank indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Preferred Bank'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.
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