Sustaining Growth Momentum: First Business Finl Servs Continues to Excel and Reports Rising Profits
At the end of today, November 16, 2023, First Business Finl Servs (NASDAQ:FBIZ) will distribute a dividend payout of $0.23 per share, translating to an annualized dividend yield of 3.07%. Shareholders who held the stock before the ex-dividend date on November 03, 2023 will benefit from this payout.
First Business Finl Servs Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-03 | 4 | $0.23 | 3.07% | 2023-10-30 | 2023-11-06 | 2023-11-16 |
| 2023-08-04 | 4 | $0.23 | 2.68% | 2023-07-28 | 2023-08-07 | 2023-08-17 |
| 2023-05-05 | 4 | $0.23 | 3.16% | 2023-04-28 | 2023-05-08 | 2023-05-18 |
| 2023-02-03 | 4 | $0.23 | 2.72% | 2023-01-27 | 2023-02-06 | 2023-02-16 |
| 2022-11-04 | 4 | $0.2 | 2.24% | 2022-10-28 | 2022-11-07 | 2022-11-17 |
| 2022-08-05 | 4 | $0.2 | 2.38% | 2022-07-29 | 2022-08-08 | 2022-08-18 |
| 2022-05-06 | 4 | $0.2 | 2.3% | 2022-04-29 | 2022-05-09 | 2022-05-19 |
| 2022-02-04 | 4 | $0.2 | 2.57% | 2022-01-28 | 2022-02-07 | 2022-02-17 |
| 2021-11-05 | 4 | $0.18 | 2.52% | 2021-10-29 | 2021-11-08 | 2021-11-18 |
| 2021-08-06 | 4 | $0.18 | 2.66% | 2021-07-30 | 2021-08-09 | 2021-08-19 |
| 2021-05-07 | 4 | $0.18 | 2.86% | 2021-04-30 | 2021-05-10 | 2021-05-24 |
| 2021-02-05 | 4 | $0.18 | 3.87% | 2021-01-29 | 2021-02-08 | 2021-02-18 |
When comparing First Business Finl Servs's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer First of Long Island (NASDAQ:FLIC) having the highest annualized dividend yield at 7.19%.
Analyzing First Business Finl Servs 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's dividend per share showed a positive trend, increasing steadily from $0.60 in 2019 to $0.79 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For First Business Finl Servs
From 2019 to 2022, First Business Finl Servs has demonstrated an upward trend in earnings, with earnings per share rising from $2.47 to $4.57. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article delves into the recent dividend payout of First Business Finl Servs and its implications for shareholders. Presently, the company is distributing a dividend of $0.23 per share, leading to an annualized dividend yield of 3.07%.
When comparing First Business Finl Servs's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer First of Long Island having the highest annualized dividend yield at 7.19%.
With an increase in dividend per share and earnings per share from 2019 to 2022, First Business Finl Servs demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
It is advisable for investors to monitor the company's performance in the coming quarters to stay in the loop about any adjustments in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.