Northeast Bank: Fulfilling Investor Expectations with Steady Earnings Performance
Today, February 26, 2024, Northeast Bank (NASDAQ:NBN) will distribute a dividend payout of $0.01 per share, highlighting an annualized dividend yield of 0.07%. Shareholders who owned the stock before the ex-dividend date on February 09, 2024 will be eligible for this payout.
Northeast Bank Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-09 | 4 | $0.01 | 0.07% | 2024-01-30 | 2024-02-12 | 2024-02-26 |
| 2023-11-06 | 4 | $0.01 | 0.09% | 2023-10-23 | 2023-11-07 | 2023-11-21 |
| 2023-08-08 | 4 | $0.01 | 0.09% | 2023-07-24 | 2023-08-09 | 2023-08-23 |
| 2023-05-04 | 4 | $0.01 | 0.11% | 2023-04-24 | 2023-05-05 | 2023-05-19 |
| 2023-02-08 | 4 | $0.01 | 0.09% | 2023-01-25 | 2023-02-09 | 2023-02-23 |
| 2022-11-10 | 4 | $0.01 | 0.09% | 2022-10-31 | 2022-11-14 | 2022-11-28 |
| 2022-08-08 | 4 | $0.01 | 0.1% | 2022-07-25 | 2022-08-09 | 2022-08-23 |
| 2022-05-03 | 4 | $0.01 | 0.11% | 2022-04-25 | 2022-05-04 | 2022-05-18 |
| 2022-02-09 | 4 | $0.01 | 0.11% | 2022-01-26 | 2022-02-10 | 2022-02-24 |
| 2021-11-08 | 4 | $0.01 | 0.12% | 2021-10-27 | 2021-11-09 | 2021-11-23 |
| 2021-08-12 | 4 | $0.01 | 0.14% | 2021-07-28 | 2021-08-13 | 2021-08-27 |
| 2021-05-05 | 4 | $0.01 | 0.15% | 2021-04-21 | 2021-05-06 | 2021-05-20 |
When it comes to dividend yield, Northeast Bank falls behind its industry peers, with Washington Trust Bancorp (NASDAQ:WASH) boasting a higher annualized dividend yield of 8.63%.
Analyzing Northeast Bank 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 a steady dividend per share of $0.04 from 2020 to 2023, indicating the company's commitment to providing stability to shareholders through a reliable dividend payout. This consistent dividend policy offers a dependable income source for investors.
YoY Earnings Growth For Northeast Bank
Investors can observe a growth in earnings for Northeast Bank from 2020 to 2023, as earnings per share increased from $3.01 to $6.85. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of Northeast Bank and its implications for shareholders. Presently, the company is distributing a dividend of $0.01 per share, leading to an annualized dividend yield of 0.07%.
When it comes to dividend yield, Northeast Bank falls behind its industry peers, with Washington Trust Bancorp boasting a higher annualized dividend yield of 8.63%.
The unaltered dividend per share during 2020 to 2023 does not diminish the significance of the increasing earnings per share for Northeast Bank. This upward trend suggests the company's financial stability and its potential to sustain the distribution of profits to shareholders.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.