Priya Patel
Preferred Bank recently announced a dividend of $0.7 per share, payable on January 22, 2024, with an ex-dividend date set for January 5, 2024.
Preferred Bank is a commercial bank located in California that provides a range of banking services to individuals and businesses.
The bank has a consistent dividend payment record since 2014 and has increased its dividend each year since then.
The current dividend yield is 3.00% for the trailing 12 months and is expected to increase over the next 12 months.
Preferred Bank’s dividend payout ratio is 0.21, indicating that the company retains a significant part of its earnings for future growth.
The bank has reported positive net income for each year over the past decade and has a profitability rank of 7 out of 10.
The company’s revenue per share and 3-year revenue growth rate are strong indicators of its revenue model, with revenue increasing by approximately 14.80% per year on average.
Preferred Bank’s earnings have also shown growth over the past three years, with an average increase of approximately 19.20% per year.
With a consistent history of dividend payments and growth, a prudent payout ratio, strong profitability, and robust growth metrics, Preferred Bank presents a compelling case for value investors seeking stable income streams.
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This article is generated by GuruFocus and provides general insights into Preferred Bank’s dividend performance, but does not serve as specific investment guidance.
