Pathward Financial Nurtures Growth and Provides Investors with Value.
Investors eagerly anticipate the dividend payout from Pathward Financial (NASDAQ:CASH) on February 07, 2024. With a payout of $0.05 per share and an annualized dividend yield of 0.40%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on December 11, 2023
Pathward Financial Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-12-11 | 4 | $0.05 | 0.4% | 2023-11-16 | 2023-12-12 | 2024-01-02 |
| 2023-09-11 | 4 | $0.05 | 0.42% | 2023-08-25 | 2023-09-12 | 2023-10-02 |
| 2023-06-07 | 4 | $0.05 | 0.46% | 2023-05-11 | 2023-06-08 | 2023-07-03 |
| 2023-03-10 | 4 | $0.05 | 0.4% | 2023-03-02 | 2023-03-13 | 2023-04-03 |
| 2022-12-07 | 4 | $0.05 | 0.46% | 2022-11-17 | 2022-12-08 | 2023-01-02 |
| 2022-09-07 | 4 | $0.05 | 0.58% | 2022-08-25 | 2022-09-08 | 2022-10-03 |
| 2022-06-08 | 4 | $0.05 | 0.5% | 2022-05-18 | 2022-06-09 | 2022-07-01 |
| 2022-03-09 | 4 | $0.05 | 0.37% | 2022-02-24 | 2022-03-10 | 2022-04-01 |
| 2021-12-08 | 4 | $0.05 | 0.32% | 2021-11-18 | 2021-12-09 | 2022-01-03 |
| 2021-09-08 | 4 | $0.05 | 0.4% | 2021-08-26 | 2021-09-09 | 2021-10-01 |
| 2021-06-09 | 4 | $0.05 | 0.4% | 2021-05-17 | 2021-06-10 | 2021-07-01 |
| 2021-03-09 | 4 | $0.05 | 0.45% | 2021-02-25 | 2021-03-10 | 2021-04-01 |
When it comes to dividend yield, Pathward Financial falls behind its industry peers, with Northwest Bancshares (NASDAQ:NWBI) boasting a higher annualized dividend yield of 6.82%.
Analyzing Pathward Financial 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 2020 to 2023, investors observed a stable dividend per share of $0.20 throughout this period. This indicates a consistent dividend policy maintained by the company, providing stability to shareholders. Investors can rely on the company's consistent dividend payout to generate a steady income stream.
YoY Earnings Growth For Pathward Financial
Investors can observe a growth in earnings for Pathward Financial from 2020 to 2023, as earnings per share increased from $2.41 to $6.11. 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 Pathward Financial and its implications for shareholders. Presently, the company is distributing a dividend of $0.05 per share, leading to an annualized dividend yield of 0.40%.
When it comes to dividend yield, Pathward Financial falls behind its industry peers, with Northwest Bancshares boasting a higher annualized dividend yield of 6.82%.
Despite maintaining an unchanged dividend per share from 2020 to 2023, the steady increase in earnings per share for Pathward Financial suggests a strong financial standing and positions the company to continue distributing their profits back to their investors.
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 Pathward Financial'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.