Embracing Change: Primis Finl Manages Decreased Performance and Adjusts Dividends
By the close of today, February 23, 2024, Primis Finl (NASDAQ:FRST) will issue a dividend payout of $0.10 per share, resulting in an annualized dividend yield of 3.17%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 08, 2024.
Primis Finl Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-08 | 4 | $0.1 | 3.17% | 2024-01-25 | 2024-02-09 | 2024-02-23 |
| 2023-11-09 | 4 | $0.1 | 5.18% | 2023-10-26 | 2023-11-10 | 2023-11-24 |
| 2023-08-10 | 4 | $0.1 | 4.08% | 2023-07-27 | 2023-08-11 | 2023-08-25 |
| 2023-05-11 | 4 | $0.1 | 4.44% | 2023-04-27 | 2023-05-12 | 2023-05-26 |
| 2023-02-09 | 4 | $0.1 | 3.35% | 2023-01-26 | 2023-02-10 | 2023-02-24 |
| 2022-11-10 | 4 | $0.1 | 3.17% | 2022-10-27 | 2022-11-14 | 2022-11-28 |
| 2022-08-11 | 4 | $0.1 | 3.01% | 2022-07-28 | 2022-08-12 | 2022-08-26 |
| 2022-05-12 | 4 | $0.1 | 2.93% | 2022-04-28 | 2022-05-13 | 2022-05-27 |
| 2022-02-10 | 4 | $0.1 | 2.63% | 2022-01-27 | 2022-02-11 | 2022-02-25 |
| 2021-11-10 | 4 | $0.1 | 2.77% | 2021-10-28 | 2021-11-12 | 2021-11-26 |
| 2021-08-12 | 4 | $0.1 | 2.59% | 2021-07-29 | 2021-08-13 | 2021-08-27 |
| 2021-05-13 | 4 | $0.1 | 2.84% | 2021-04-29 | 2021-05-14 | 2021-05-24 |
Primis Finl's dividend yield falls in the middle range when compared to its industry peers, with Financial Institutions (NASDAQ:FISI) having the highest annualized dividend yield at 6.48%.
Analyzing Primis Finl 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 2020 to 2023, investors observed a stable dividend per share of $0.40 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
YoY Earnings Growth For Primis Finl
The earnings chart displays a decline in Primis Finl's earnings per share, decreasing from $1.13 in 2020 to $0.71 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
This article provides an in-depth analysis of Primis Finl's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.10 per share, resulting in an annualized dividend yield of 3.17%.
Primis Finl's dividend yield falls in the middle range when compared to its industry peers, with Financial Institutions having the highest annualized dividend yield at 6.48%.
Even though there has been no change in the dividend per share from 2020 to 2023, the declining earnings per share of Primis Finl reflect a weaker financial footing, which may limit the company's ability to consistently reward shareholders with profit distributions.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
[Track real-time stock fluctuations for Primis Finl on Benzinga.](https://www.benzinga.com/quote/Primis Finl (NASDAQ: FRST))
This article was generated by Benzinga's automated content engine and reviewed by an editor.