Supporting Shareholders through Changes: Auburn National Bancorp Ensures Stable Distribution amidst Decreased Profits
Today, September 25, 2023, marks an important moment for investors of Auburn National Bancorp (NASDAQ:AUBN). The company will distribute a dividend payout of $0.27 per share, demonstrating an annualized dividend yield of 4.91%. Remember, only shareholders prior to the ex-dividend date on September 07, 2023 are eligible for this payout.
Auburn National Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-09-07 | 4 | $0.27 | 4.91% | 2023-08-08 | 2023-09-08 | 2023-09-25 |
| 2023-06-08 | 4 | $0.27 | 4.93% | 2023-05-09 | 2023-06-09 | 2023-06-26 |
| 2023-03-09 | 4 | $0.27 | 4.54% | 2023-02-14 | 2023-03-10 | 2023-03-27 |
| 2022-12-08 | 4 | $0.27 | 4.55% | 2022-11-08 | 2022-12-09 | 2022-12-27 |
| 2022-09-08 | 4 | $0.27 | 3.86% | 2022-08-09 | 2022-09-09 | 2022-09-26 |
| 2022-06-09 | 4 | $0.27 | 3.5% | 2022-05-10 | 2022-06-10 | 2022-06-24 |
| 2022-03-09 | 4 | $0.27 | 3.17% | 2022-02-08 | 2022-03-10 | 2022-03-25 |
| 2021-12-09 | 4 | $0.26 | 3.06% | 2021-11-09 | 2021-12-10 | 2021-12-27 |
| 2021-09-09 | 4 | $0.26 | 6.92% | 2021-08-10 | 2021-09-10 | 2021-09-27 |
| 2021-06-09 | 4 | $0.26 | 2.91% | 2021-05-11 | 2021-06-10 | 2021-06-25 |
| 2021-03-09 | 4 | $0.26 | 2.58% | 2021-02-09 | 2021-03-10 | 2021-03-25 |
| 2020-12-09 | 4 | $0.26 | 2.66% | 2020-11-10 | 2020-12-10 | 2020-12-28 |
Auburn National Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Territorial Bancorp (NASDAQ:TBNK) having the highest annualized dividend yield at 9.73%.
Analyzing Auburn National 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
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $1.00 to $1.06, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Auburn National Bancorp
The earnings chart displays a decline in Auburn National Bancorp's earnings per share, decreasing from $2.62 in 2019 to $2.20 in 2022. This downward trend in earnings raises concerns for income-seeking investors, as it suggests a potential impact on future cash dividend payouts. It is important to closely evaluate the factors contributing to this decrease to assess the company's financial health and dividend sustainability.
Recap
This article provides an in-depth analysis of Auburn National Bancorp's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.27 per share, resulting in an annualized dividend yield of 4.91%.
Auburn National Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Territorial Bancorp having the highest annualized dividend yield at 9.73%.
Considering the increase in dividend per share from 2019 to 2022 alongside a decrease in earnings per share, Auburn National Bancorp appears to be focusing on maintaining dividend payments even with a decline in profitability.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.