Cambridge Remains Committed to Investors, Upholding Stability during Decreased Earnings
On February 22, 2024, Cambridge (NASDAQ:CATC) will distribute a dividend payout of $0.67 per share, equating to an annualized dividend yield of 3.90%. Shareholders who owned the stock before the ex-dividend date on February 07, 2024 will receive this payout.
Cambridge Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-07 | 4 | $0.67 | 3.9% | 2024-01-29 | 2024-02-08 | 2024-02-22 |
| 2023-11-01 | 4 | $0.67 | 4.59% | 2023-10-16 | 2023-11-02 | 2023-11-16 |
| 2023-08-02 | 4 | $0.67 | 4.67% | 2023-07-17 | 2023-08-03 | 2023-08-17 |
| 2023-05-10 | 4 | $0.67 | 4.28% | 2023-04-24 | 2023-05-11 | 2023-05-25 |
| 2023-02-08 | 4 | $0.67 | 3.23% | 2023-01-23 | 2023-02-09 | 2023-02-23 |
| 2022-11-02 | 4 | $0.64 | 3.07% | 2022-10-17 | 2022-11-03 | 2022-11-17 |
| 2022-08-03 | 4 | $0.64 | 3.09% | 2022-07-18 | 2022-08-04 | 2022-08-18 |
| 2022-05-04 | 4 | $0.64 | 3.23% | 2022-04-19 | 2022-05-05 | 2022-05-19 |
| 2022-02-09 | 4 | $0.64 | 2.78% | 2022-01-24 | 2022-02-10 | 2022-02-24 |
| 2021-11-03 | 4 | $0.61 | 2.8% | 2021-10-18 | 2021-11-04 | 2021-11-18 |
| 2021-08-04 | 4 | $0.61 | 2.92% | 2021-07-19 | 2021-08-05 | 2021-08-19 |
| 2021-05-05 | 4 | $0.61 | 2.9% | 2021-04-20 | 2021-05-06 | 2021-05-20 |
In terms of dividend yield, Cambridge finds itself in the middle ground among its industry peers, while Hanmi Financial (NASDAQ:HAFC) takes the lead with the highest annualized dividend yield at 6.61%.
Analyzing Cambridge 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
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $2.12 to $2.68, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Cambridge
The earnings chart displays a decline in Cambridge's earnings per share, decreasing from $6.33 in 2020 to $5.92 in 2023. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
Recap
In this article, we delve into Cambridge's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.67 per share today, resulting in an annualized dividend yield of 3.90%.
In terms of dividend yield, Cambridge finds itself in the middle ground among its industry peers, while Hanmi Financial takes the lead with the highest annualized dividend yield at 6.61%.
With dividend per share increasing and earnings per share decreasing from 2020 to 2023, Cambridge seems to be emphasizing the distribution of profits to investors despite the decline in profitability.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.