By the close of today, November 14, 2023, Northwest Bancshares NWBI will issue a dividend payout of $0.20 per share, resulting in an annualized dividend yield of 8.15%. Only those investors who owned the stock prior to the ex-dividend date on November 01, 2023 will receive this payout.
Northwest Bancshares Recent Dividend Payouts
Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
---|---|---|---|---|---|---|
2023-11-01 | 4 | $0.2 | 8.15% | 2023-10-23 | 2023-11-02 | 2023-11-14 |
2023-08-02 | 4 | $0.2 | 6.83% | 2023-07-24 | 2023-08-03 | 2023-08-14 |
2023-05-03 | 4 | $0.2 | 6.98% | 2023-04-24 | 2023-05-04 | 2023-05-15 |
2023-02-01 | 4 | $0.2 | 5.79% | 2023-01-23 | 2023-02-02 | 2023-02-14 |
2022-11-02 | 4 | $0.2 | 5.79% | 2022-10-24 | 2022-11-03 | 2022-11-14 |
2022-08-03 | 4 | $0.2 | 6.12% | 2022-07-25 | 2022-08-04 | 2022-08-15 |
2022-05-04 | 4 | $0.2 | 6.03% | 2022-04-25 | 2022-05-05 | 2022-05-16 |
2022-02-02 | 4 | $0.2 | 5.6% | 2022-01-24 | 2022-02-03 | 2022-02-14 |
2021-11-04 | 4 | $0.2 | 5.68% | 2021-10-25 | 2021-11-05 | 2021-11-15 |
2021-08-04 | 4 | $0.2 | 5.94% | 2021-07-26 | 2021-08-05 | 2021-08-16 |
2021-05-05 | 4 | $0.2 | 5.66% | 2021-04-26 | 2021-05-06 | 2021-05-17 |
2021-02-03 | 4 | $0.19 | 5.48% | 2021-01-25 | 2021-02-04 | 2021-02-15 |
Northwest Bancshares is the leader in terms of dividend yield compared to its industry peers, with Wesbanco WSBC having the highest annualized dividend yield at 5.54%.
Analyzing Northwest Bancshares 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 increase in the company's dividend per share, rising from $0.72 in 2019 to $0.80 in 2022. This is good for investors because it shows that the company has steadily returned more capital back to their shareholders and it could mean that they are planning to continue increasing dividends.
YoY Earnings Growth For Northwest Bancshares
Investors can observe a decrease in Northwest Bancshares's earnings per share from $1.07 in 2019 to $1.03 in 2022. This declining earnings trend may be concerning for income-seeking investors, as it indicates a potential impact on the company's cash dividend payouts. A comprehensive analysis is recommended to understand the factors driving this decrease and evaluate its implications on future dividend payments.
Recap
In this article, we explore the recent dividend payout of Northwest Bancshares and its significance for shareholders. The company has decided to distribute a dividend of $0.20 per share today, which equates to an annualized dividend yield of 8.15%.
Northwest Bancshares is the leader in terms of dividend yield compared to its industry peers, with Wesbanco having the highest annualized dividend yield at 5.54%.
Given that Northwest Bancshares has experienced an increase in dividend per share from 2019 to 2022 along with a decrease in earnings per share, it could indicate that the company is prioritizing dividend distribution to shareholders despite challenges in earnings growth.
To remain updated on any changes in financials or dividend disbursements, investors should closely observe the company's performance in the coming quarters.
[Track real-time stock fluctuations for Northwest Bancshares on Benzinga.](https://www.benzinga.com/quote/Northwest Bancshares (NASDAQ: NWBI))
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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