Optimizing Earnings for Investor Benefit: Penns Woods Bancorp Adjusts Dividends with Steady Expansion
At the end of December 22, 2023, Penns Woods Bancorp (NASDAQ:PWOD) will reward its shareholders with a dividend payout of $0.32 per share, demonstrating an annualized dividend yield of 6.28%. Remember, only investors who held the stock before the ex-dividend date on December 11, 2023 will receive this payout.
Penns Woods Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-11 | 4 | $0.32 | 6.28% | 2023-11-28 | 2023-12-12 | 2023-12-22 |
| 2023-09-01 | 4 | $0.32 | 4.98% | 2023-08-22 | 2023-09-05 | 2023-09-19 |
| 2023-06-05 | 4 | $0.32 | 5.32% | 2023-05-23 | 2023-06-06 | 2023-06-20 |
| 2023-03-13 | 4 | $0.32 | 4.78% | 2023-02-28 | 2023-03-14 | 2023-03-28 |
| 2022-12-05 | 4 | $0.32 | 5.04% | 2022-11-22 | 2022-12-06 | 2022-12-20 |
| 2022-09-02 | 4 | $0.32 | 5.33% | 2022-08-23 | 2022-09-06 | 2022-09-20 |
| 2022-06-06 | 4 | $0.32 | 5.63% | 2022-05-24 | 2022-06-07 | 2022-06-21 |
| 2022-03-07 | 4 | $0.32 | 5.29% | 2022-02-22 | 2022-03-08 | 2022-03-22 |
| 2021-12-06 | 4 | $0.32 | 5.28% | 2021-11-23 | 2021-12-07 | 2021-12-21 |
| 2021-09-03 | 4 | $0.32 | 5.38% | 2021-08-24 | 2021-09-07 | 2021-09-21 |
| 2021-06-07 | 4 | $0.32 | 4.95% | 2021-05-24 | 2021-06-08 | 2021-06-22 |
| 2021-03-08 | 4 | $0.32 | 5.49% | 2021-02-23 | 2021-03-09 | 2021-03-23 |
When it comes to dividend yield, Penns Woods Bancorp stands tall above its industry peers, boasting a remarkable annualized dividend yield of 5.59%.
Analyzing Penns Woods 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
From 2019 to 2022, the company experienced a reduction in its dividend per share, decreasing from $1.73 to $1.28. This decline in dividends may raise concerns among investors and warrants further analysis to understand the factors contributing to this negative trend.
YoY Earnings Growth For Penns Woods Bancorp
From 2019 to 2022, Penns Woods Bancorp experienced a growth in earnings per share, with an increase from $2.42 to $2.51. This positive earnings trend indicates the company's potential to enhance their cash dividend payout, which can benefit income-seeking investors.
Recap
This article delves into the recent dividend payout of Penns Woods Bancorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.32 per share, leading to an annualized dividend yield of 6.28%.
When it comes to dividend yield, Penns Woods Bancorp stands tall above its industry peers, boasting a remarkable annualized dividend yield of 5.59%.
Considering the decrease in dividend per share from 2019 to 2022 along with an increase in earnings per share, Penns Woods Bancorp seems to be allocating more profits towards business expansion instead of dividend payments.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
[Click here](https://www.benzinga.com/stock//dividends) to find details on Penns Woods 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.