Sierra Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
On February 12, 2024, Sierra (NASDAQ:BSRR) will distribute a dividend payout of $0.23 per share, equating to an annualized dividend yield of 4.47%. Shareholders who owned the stock before the ex-dividend date on January 30, 2024 will receive this payout.
Sierra Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-30 | 4 | $0.23 | 4.47% | 2024-01-18 | 2024-01-31 | 2024-02-12 |
| 2023-10-30 | 4 | $0.23 | 4.96% | 2023-10-20 | 2023-10-31 | 2023-11-14 |
| 2023-07-28 | 4 | $0.23 | 5.01% | 2023-07-20 | 2023-07-31 | 2023-08-14 |
| 2023-04-28 | 4 | $0.23 | 5.72% | 2023-04-21 | 2023-05-01 | 2023-05-12 |
| 2023-01-30 | 4 | $0.23 | 4.28% | 2023-01-20 | 2023-01-31 | 2023-02-13 |
| 2022-10-28 | 4 | $0.23 | 4.45% | 2022-10-21 | 2022-10-31 | 2022-11-14 |
| 2022-07-29 | 4 | $0.23 | 4.14% | 2022-07-21 | 2022-08-01 | 2022-08-15 |
| 2022-04-29 | 4 | $0.23 | 3.74% | 2022-04-22 | 2022-05-02 | 2022-05-12 |
| 2022-01-28 | 4 | $0.23 | 3.39% | 2022-01-21 | 2022-01-31 | 2022-02-14 |
| 2021-10-28 | 4 | $0.22 | 3.61% | 2021-10-22 | 2021-10-29 | 2021-11-11 |
| 2021-07-29 | 4 | $0.22 | 3.49% | 2021-07-16 | 2021-07-30 | 2021-08-12 |
| 2021-04-28 | 4 | $0.21 | 3.13% | 2021-04-16 | 2021-04-29 | 2021-05-12 |
Sierra's dividend yield falls in the middle range when compared to its industry peers, with Financial Institutions (NASDAQ:FISI) having the highest annualized dividend yield at 6.31%.
Analyzing Sierra 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 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.80 in 2020 to $0.92 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Sierra
The earnings chart above shows that from 2020 to 2023, Sierra has experienced an increase in their earnings from $2.32 per share to $2.40 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
This article takes an in-depth look at Sierra's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.23 per share today, translating to an annualized dividend yield of 4.47%.
Sierra's dividend yield falls in the middle range when compared to its industry peers, with Financial Institutions having the highest annualized dividend yield at 6.31%.
The upward trend in dividend per share and earnings per share for Sierra from 2020 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits 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.
\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.