Unleashing Growth Potential: First Northwest Bancorp Surpasses Expectations with Strong Performance and Increasing Profits
Investors eagerly anticipate the dividend payout from First Northwest Bancorp (NASDAQ:FNWB) on November 24, 2023. With a payout of $0.07 per share and an annualized dividend yield of 2.25%, this reward is exclusively for shareholders who held the stock before the ex-dividend date on November 09, 2023
First Northwest Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-09 | 4 | $0.07 | 2.25% | 2023-10-26 | 2023-11-10 | 2023-11-24 |
| 2023-08-10 | 4 | $0.07 | 2.14% | 2023-07-27 | 2023-08-11 | 2023-08-25 |
| 2023-05-11 | 4 | $0.07 | 2.28% | 2023-04-26 | 2023-05-12 | 2023-05-26 |
| 2023-02-09 | 4 | $0.07 | 1.84% | 2023-01-26 | 2023-02-10 | 2023-02-24 |
| 2022-11-09 | 4 | $0.07 | 1.84% | 2022-10-26 | 2022-11-10 | 2022-11-25 |
| 2022-08-11 | 4 | $0.07 | 1.68% | 2022-07-27 | 2022-08-12 | 2022-08-26 |
| 2022-05-12 | 4 | $0.07 | 1.32% | 2022-04-29 | 2022-05-13 | 2022-05-27 |
| 2022-02-10 | 4 | $0.07 | 1.38% | 2022-01-26 | 2022-02-11 | 2022-02-25 |
| 2021-11-10 | 4 | $0.07 | 1.63% | 2021-10-27 | 2021-11-12 | 2021-11-26 |
| 2021-08-12 | 4 | $0.06 | 1.26% | 2021-07-28 | 2021-08-13 | 2021-08-27 |
| 2021-05-13 | 4 | $0.06 | 1.48% | 2021-04-28 | 2021-05-14 | 2021-05-28 |
| 2021-02-11 | 4 | $0.06 | 1.64% | 2021-01-28 | 2021-02-12 | 2021-02-26 |
When comparing First Northwest Bancorp's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Penns Woods Bancorp (NASDAQ:PWOD) having the highest annualized dividend yield at 6.29%.
Analyzing First Northwest 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 $0.13 to $0.28, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For First Northwest Bancorp
The earnings chart above shows that from 2019 to 2022, First Northwest Bancorp has experienced an increase in their earnings from $0.89 per share to $1.60 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 provides an in-depth analysis of First Northwest Bancorp's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.07 per share, resulting in an annualized dividend yield of 2.25%.
When comparing First Northwest Bancorp's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Penns Woods Bancorp having the highest annualized dividend yield at 6.29%.
Given that First Northwest Bancorp has experienced an increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, it could signal that the company is in good financial standing and that they could be positioned to continue distributing their profits back to their 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.