PacWest Banc: The Catalyst for Consistent Growth and Investor Rewards
Today, November 27, 2023, marks an important moment for investors of PacWest Banc (NASDAQ:PACW). The company will distribute a dividend payout of $0.01 per share, demonstrating an annualized dividend yield of 0.56%. Remember, only shareholders prior to the ex-dividend date on November 10, 2023 are eligible for this payout.
PacWest Banc Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-10 | 4 | $0.01 | 0.56% | 2023-11-01 | 2023-11-13 | 2023-11-27 |
| 2023-08-14 | 4 | $0.01 | 0.44% | 2023-08-02 | 2023-08-15 | 2023-08-31 |
| 2023-05-12 | 4 | $0.01 | 1.26% | 2023-05-05 | 2023-05-15 | 2023-05-31 |
| 2023-02-14 | 4 | $0.25 | 3.62% | 2023-02-01 | 2023-02-15 | 2023-02-28 |
| 2022-11-14 | 4 | $0.25 | 4.02% | 2022-11-01 | 2022-11-15 | 2022-11-30 |
| 2022-08-12 | 4 | $0.25 | 3.57% | 2022-08-01 | 2022-08-15 | 2022-08-31 |
| 2022-05-13 | 4 | $0.25 | 3.04% | 2022-05-02 | 2022-05-16 | 2022-05-31 |
| 2022-02-14 | 4 | $0.25 | 2.15% | 2022-02-01 | 2022-02-15 | 2022-02-28 |
| 2021-11-12 | 4 | $0.25 | 2.11% | 2021-11-01 | 2021-11-15 | 2021-11-30 |
| 2021-08-16 | 4 | $0.25 | 2.51% | 2021-08-02 | 2021-08-17 | 2021-08-31 |
| 2021-05-14 | 4 | $0.25 | 2.3% | 2021-05-03 | 2021-05-17 | 2021-05-28 |
| 2021-02-26 | 4 | $0.25 | 2.72% | 2021-02-17 | 2021-03-01 | 2021-03-10 |
When comparing PacWest Banc's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Provident Finl Servs (NYSE:PFS) having the highest annualized dividend yield at 6.32%.
Analyzing PacWest Banc 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 2019 to 2022, investors saw an average decrease in the company's dividend per share, decreasing from $2.40 in 2019 to $1.00 in 2022. This is not favorable for investors as it indicates a decline in the company's dividend payout over the years. Further analysis is recommended to understand the factors contributing to this decrease.
YoY Earnings Growth For PacWest Banc
Investors can observe a growth in earnings for PacWest Banc from 2019 to 2022, as earnings per share increased from $3.84 to $4.19. 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 PacWest Banc and its implications for shareholders. Presently, the company is distributing a dividend of $0.01 per share, leading to an annualized dividend yield of 0.56%.
When comparing PacWest Banc's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Provident Finl Servs having the highest annualized dividend yield at 6.32%.
Considering the decrease in dividend per share from 2019 to 2022 along with an increase in earnings per share, PacWest Banc seems to be allocating more profits towards business expansion instead of dividend payments.
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.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.