Investors eagerly anticipate the dividend payout from Pinnacle Finl Partners PNFP on February 23, 2024. With a payout of $0.22 per share and an annualized dividend yield of 1.04%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on February 01, 2024
Pinnacle Finl Partners Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-01 | 4 | $0.22 | 1.04% | 2024-01-16 | 2024-02-02 | 2024-02-23 |
| 2023-11-02 | 4 | $0.22 | 1.29% | 2023-10-17 | 2023-11-03 | 2023-11-24 |
| 2023-08-03 | 4 | $0.22 | 1.44% | 2023-07-18 | 2023-08-04 | 2023-08-25 |
| 2023-05-04 | 4 | $0.22 | 1.6% | 2023-04-18 | 2023-05-05 | 2023-05-26 |
| 2023-02-02 | 4 | $0.22 | 1.17% | 2023-01-17 | 2023-02-03 | 2023-02-24 |
| 2022-11-03 | 4 | $0.22 | 1.01% | 2022-10-18 | 2022-11-04 | 2022-11-25 |
| 2022-08-04 | 4 | $0.22 | 1.22% | 2022-07-19 | 2022-08-05 | 2022-08-26 |
| 2022-05-05 | 4 | $0.22 | 1.03% | 2022-04-19 | 2022-05-06 | 2022-05-27 |
| 2022-02-03 | 4 | $0.22 | 0.8% | 2022-01-18 | 2022-02-04 | 2022-02-25 |
| 2021-11-04 | 4 | $0.18 | 0.75% | 2021-10-12 | 2021-11-05 | 2021-11-26 |
| 2021-08-05 | 4 | $0.18 | 0.86% | 2021-07-20 | 2021-08-06 | 2021-08-27 |
| 2021-05-06 | 4 | $0.18 | 0.78% | 2021-04-20 | 2021-05-07 | 2021-05-28 |
Pinnacle Finl Partners's dividend yield is on the lower end compared to its industry peers, with Truist Finl TFC having a higher annualized dividend yield of 5.84%.
Analyzing Pinnacle Finl Partners 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
The company demonstrated a positive dividend growth pattern from 2020 to 2023, with the dividend per share rising from $0.64 to $0.88. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Pinnacle Finl Partners
The earnings chart above shows that from 2020 to 2023, Pinnacle Finl Partners has experienced an increase in their earnings from $4.00 per share to $7.10 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
This article provides an in-depth analysis of Pinnacle Finl Partners's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.22 per share, resulting in an annualized dividend yield of 1.04%.
Pinnacle Finl Partners's dividend yield is on the lower end compared to its industry peers, with Truist Finl having a higher annualized dividend yield of 5.84%.
The increase in both dividend per share and earnings per share from 2020 to 2023 for Pinnacle Finl Partners indicates a positive financial trend, suggesting their capacity to continue distributing profits to shareholders.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
[Monitor live stock price updates for Pinnacle Finl Partners on Benzinga.](https://www.benzinga.com/quote/Pinnacle Finl Partners (NASDAQ: PNFP))
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.
Comments
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
