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Today: Jun 14, 2024

Bank’s Dividend Analysis: Preferred and Perfectly Payout Profits

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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.

GuruFocus Premium users can screen for high-dividend yield stocks using the High Dividend Yield Screener.

This article is generated by GuruFocus and provides general insights into Preferred Bank’s dividend performance, but does not serve as specific investment guidance.