By the end of today, March 12, 2024, Live Oak Bancshares LOB is set to deliver a dividend payout of $0.03 per share, equating to an annualized dividend yield of 0.30%. The company's dividend payout went ex-dividend on February 26, 2024, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Live Oak Bancshares Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-26 | 4 | $0.03 | 0.3% | 2024-02-13 | 2024-02-27 | 2024-03-12 |
| 2023-11-27 | 4 | $0.03 | 0.4% | 2023-11-14 | 2023-11-28 | 2023-12-12 |
| 2023-09-01 | 4 | $0.03 | 0.36% | 2023-08-22 | 2023-09-05 | 2023-09-19 |
| 2023-06-06 | 4 | $0.03 | 0.53% | 2023-05-24 | 2023-06-07 | 2023-06-21 |
| 2023-02-27 | 4 | $0.03 | 0.34% | 2023-02-14 | 2023-02-28 | 2023-03-14 |
| 2022-11-28 | 4 | $0.03 | 0.36% | 2022-11-15 | 2022-11-29 | 2022-12-13 |
| 2022-09-02 | 4 | $0.03 | 0.31% | 2022-08-23 | 2022-09-06 | 2022-09-20 |
| 2022-05-27 | 4 | $0.03 | 0.32% | 2022-05-17 | 2022-05-31 | 2022-06-14 |
| 2022-02-28 | 4 | $0.03 | 0.19% | 2022-02-15 | 2022-03-01 | 2022-03-15 |
| 2021-11-26 | 4 | $0.03 | 0.13% | 2021-11-15 | 2021-11-29 | 2021-12-13 |
| 2021-09-03 | 4 | $0.03 | 0.2% | 2021-08-24 | 2021-09-07 | 2021-09-21 |
| 2021-05-24 | 4 | $0.03 | 0.19% | 2021-05-11 | 2021-05-25 | 2021-06-08 |
Live Oak Bancshares's dividend yield is on the lower end compared to its industry peers, with New York Community NYCB having a higher annualized dividend yield of 6.15%.
Analyzing Live Oak 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
From 2020 to 2023, the company maintained a consistent dividend per share of $0.12. This signifies the company's dedication to a stable dividend policy, which is reassuring for shareholders seeking reliable returns on their investments.
YoY Earnings Growth For Live Oak Bancshares
The earnings chart illustrates an increase in Live Oak Bancshares's earnings per share, from $0.88 in 2020 to $1.32 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
In this article, we delve into Live Oak Bancshares's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.03 per share today, resulting in an annualized dividend yield of 0.30%.
Live Oak Bancshares's dividend yield is on the lower end compared to its industry peers, with New York Community having a higher annualized dividend yield of 6.15%.
Despite no adjustment in the dividend per share over the period of 2020 to 2023, the consistent growth in earnings per share for Live Oak Bancshares indicates a sound financial status, which could enable the company to continue sharing profits with its investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[See current stock movements Live Oak Bancshares on Benzinga.](https://www.benzinga.com/quote/Live Oak Bancshares (NYSE: LOB))
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.
