Fostering Confidence: Glen Burnie Bancorp Reliable Progress and Investor Expectations
Today, November 06, 2023, Glen Burnie Bancorp (NASDAQ:GLBZ) will distribute a dividend payout of $0.10 per share, highlighting an annualized dividend yield of 6.44%. Shareholders who owned the stock before the ex-dividend date on October 20, 2023 will be eligible for this payout.
Glen Burnie Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-10-20 | 4 | $0.1 | 6.44% | 2023-10-12 | 2023-10-23 | 2023-11-06 |
| 2023-07-21 | 4 | $0.1 | 5.19% | 2023-07-13 | 2023-07-24 | 2023-08-07 |
| 2023-04-21 | 4 | $0.1 | 5.51% | 2023-04-14 | 2023-04-24 | 2023-05-08 |
| 2023-01-20 | 4 | $0.1 | 5.0% | 2023-01-13 | 2023-01-23 | 2023-02-06 |
| 2022-10-21 | 4 | $0.1 | 3.77% | 2022-10-13 | 2022-10-24 | 2022-11-07 |
| 2022-07-22 | 4 | $0.1 | 3.9% | 2022-07-15 | 2022-07-25 | 2022-08-08 |
| 2022-04-22 | 4 | $0.1 | 3.18% | 2022-04-15 | 2022-04-25 | 2022-05-09 |
| 2022-01-21 | 4 | $0.1 | 3.02% | 2022-01-14 | 2022-01-24 | 2022-02-07 |
| 2021-10-22 | 4 | $0.1 | 3.42% | 2021-10-15 | 2021-10-25 | 2021-11-08 |
| 2021-07-16 | 4 | $0.1 | 3.08% | 2021-07-09 | 2021-07-19 | 2021-07-30 |
| 2021-04-16 | 4 | $0.1 | 3.44% | 2021-04-09 | 2021-04-19 | 2021-04-30 |
| 2021-01-22 | 4 | $0.1 | 3.48% | 2021-01-14 | 2021-01-25 | 2021-02-08 |
Glen Burnie Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Kentucky First Federal (NASDAQ:KFFB) having the highest annualized dividend yield at 9.24%.
Analyzing Glen Burnie 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
Throughout the period of 2019 to 2022, the company maintained a steady dividend per share of $0.40. This demonstrates the company's commitment to a stable dividend policy, which can be reassuring for investors looking for reliable income sources.
YoY Earnings Growth For Glen Burnie Bancorp
From 2019 to 2022, Glen Burnie Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $0.48 to $0.51. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
In this article, we explore the recent dividend payout of Glen Burnie Bancorp and its significance for shareholders. The company has decided to distribute a dividend of $0.10 per share today, which equates to an annualized dividend yield of 6.44%.
Glen Burnie Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Kentucky First Federal having the highest annualized dividend yield at 9.24%.
Even though there has been no change in the dividend per share from 2019 to 2022, the rising earnings per share of Glen Burnie Bancorp imply a solid financial footing, suggesting 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.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Glen Burnie Bancorp's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.