Today, November 10, 2023, Bank of Marin BMRC will distribute a dividend payout of $0.25 per share, highlighting an annualized dividend yield of 5.68%. Shareholders who owned the stock before the ex-dividend date on November 02, 2023 will be eligible for this payout.
Bank of Marin Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-02 | 4 | $0.25 | 5.68% | 2023-10-20 | 2023-11-03 | 2023-11-10 |
| 2023-08-03 | 4 | $0.25 | 4.97% | 2023-07-21 | 2023-08-04 | 2023-08-11 |
| 2023-05-04 | 4 | $0.25 | 4.73% | 2023-04-21 | 2023-05-05 | 2023-05-12 |
| 2023-02-02 | 4 | $0.25 | 3.17% | 2023-01-20 | 2023-02-03 | 2023-02-10 |
| 2022-11-04 | 4 | $0.25 | 3.14% | 2022-10-21 | 2022-11-07 | 2022-11-14 |
| 2022-08-04 | 4 | $0.25 | 3.07% | 2022-07-22 | 2022-08-05 | 2022-08-12 |
| 2022-05-05 | 4 | $0.24 | 2.91% | 2022-04-22 | 2022-05-06 | 2022-05-13 |
| 2022-02-03 | 4 | $0.24 | 2.62% | 2022-01-21 | 2022-02-04 | 2022-02-11 |
| 2021-11-04 | 4 | $0.24 | 2.52% | 2021-10-22 | 2021-11-05 | 2021-11-12 |
| 2021-07-29 | 4 | $0.24 | 3.01% | 2021-07-19 | 2021-07-30 | 2021-08-06 |
| 2021-04-29 | 4 | $0.23 | 2.35% | 2021-04-16 | 2021-04-30 | 2021-05-07 |
| 2021-02-04 | 4 | $0.23 | 2.31% | 2021-01-25 | 2021-02-05 | 2021-02-12 |
In terms of dividend yield, Bank of Marin finds itself in the middle ground among its industry peers, while West Bancorp WTBA takes the lead with the highest annualized dividend yield at 6.08%.
Analyzing Bank of Marin 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 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.80 in 2019 to $0.98 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Bank of Marin
From 2019 to 2022, Bank of Marin experienced a growth in earnings per share, with an increase from $2.52 to $2.81. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
In this article, we delve into Bank of Marin's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.25 per share today, resulting in an annualized dividend yield of 5.68%.
In terms of dividend yield, Bank of Marin finds itself in the middle ground among its industry peers, while West Bancorp takes the lead with the highest annualized dividend yield at 6.08%.
The upward trend in dividend per share and earnings per share for Bank of Marin from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits 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.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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