Exceeding Expectations: Old Second Bancorp Achieves Strong Performance and Rewards Investors
On February 05, 2024, Old Second Bancorp (NASDAQ:OSBC) will distribute a dividend payout of $0.05 per share, equating to an annualized dividend yield of 1.33%. Shareholders who owned the stock before the ex-dividend date on January 25, 2024 will receive this payout.
Old Second Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-25 | 4 | $0.05 | 1.33% | 2024-01-16 | 2024-01-26 | 2024-02-05 |
| 2023-10-26 | 4 | $0.05 | 1.47% | 2023-10-17 | 2023-10-27 | 2023-11-06 |
| 2023-07-27 | 4 | $0.05 | 1.43% | 2023-07-18 | 2023-07-28 | 2023-08-07 |
| 2023-04-27 | 4 | $0.05 | 1.49% | 2023-04-18 | 2023-04-28 | 2023-05-08 |
| 2023-01-26 | 4 | $0.05 | 1.21% | 2023-01-17 | 2023-01-27 | 2023-02-06 |
| 2022-10-27 | 4 | $0.05 | 1.39% | 2022-10-18 | 2022-10-28 | 2022-11-07 |
| 2022-07-28 | 4 | $0.05 | 1.4% | 2022-07-19 | 2022-07-29 | 2022-08-08 |
| 2022-04-28 | 4 | $0.05 | 1.41% | 2022-04-19 | 2022-04-29 | 2022-05-09 |
| 2022-01-27 | 4 | $0.05 | 1.41% | 2022-01-18 | 2022-01-28 | 2022-02-07 |
| 2021-10-28 | 4 | $0.05 | 1.52% | 2021-10-19 | 2021-10-29 | 2021-11-08 |
| 2021-07-29 | 4 | $0.05 | 1.62% | 2021-07-21 | 2021-07-30 | 2021-08-09 |
| 2021-04-29 | 4 | $0.05 | 1.55% | 2021-04-20 | 2021-04-30 | 2021-05-10 |
Old Second Bancorp lags behind its industry peers in terms of dividend yield, with Eagle Bancorp (NASDAQ:EGBN) surpassing it with a higher annualized dividend yield of 7.37%.
Analyzing Old Second Bancorp 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 $0.04 to $0.20. This signifies the company's commitment to consistently increasing shareholder dividends.
YoY Earnings Growth For Old Second Bancorp
From 2020 to 2023, Old Second Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $1.16 to $2.16. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article takes an in-depth look at Old Second Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.05 per share today, translating to an annualized dividend yield of 1.33%.
Old Second Bancorp lags behind its industry peers in terms of dividend yield, with Eagle Bancorp surpassing it with a higher annualized dividend yield of 7.37%.
Given that Old Second Bancorp has experienced an increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their investors.
Keeping a close watch on the company's performance in the coming quarters will enable investors to stay abreast of any modifications in financials or dividend disbursements.
\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.