Today, February 22, 2024, Dolby Laboratories (NYSE:DLB) will distribute a dividend payout of $0.30 per share, highlighting an annualized dividend yield of 1.44%. Shareholders who owned the stock before the ex-dividend date on February 12, 2024 will be eligible for this payout.
Dolby Laboratories Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-12 | 4$0.3 | 1.44% | 2024-02-01 | 2024-02-13 | 2024-02-22 | |
| 2023-11-27 | 4$0.3 | 1.35% | 2023-11-16 | 2023-11-28 | 2023-12-05 | |
| 2023-08-11 | 4$0.27 | 1.23% | 2023-08-03 | 2023-08-14 | 2023-08-22 | |
| 2023-05-15 | 4$0.27 | 1.3% | 2023-05-04 | 2023-05-16 | 2023-05-23 | |
| 2023-02-13 | 4$0.27 | 1.34% | 2023-02-02 | 2023-02-14 | 2023-02-22 | |
| 2022-11-29 | 4$0.27 | 1.54% | 2022-11-17 | 2022-11-30 | 2022-12-08 | |
| 2022-08-22 | 4$0.25 | 1.28% | 2022-08-09 | 2022-08-23 | 2022-08-31 | |
| 2022-05-16 | 4$0.25 | 1.27% | 2022-05-05 | 2022-05-17 | 2022-05-25 | |
| 2022-02-15 | 4$0.25 | 1.14% | 2022-02-03 | 2022-02-16 | 2022-02-23 | |
| 2021-11-29 | 4$0.25 | 1.13% | 2021-11-16 | 2021-11-30 | 2021-12-08 | |
| 2021-08-10 | 4$0.22 | 0.92% | 2021-07-29 | 2021-08-11 | 2021-08-19 | |
| 2021-05-14 | 4$0.22 | 0.85% | 2021-05-04 | 2021-05-17 | 2021-05-25 |
When comparing Dolby Laboratories's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Gen Digital (NASDAQ:GEN) having the highest annualized dividend yield at 2.32%.
Analyzing Dolby Laboratories 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 2020 to 2023, the company's dividend per share showed a positive trend, increasing steadily from $0.88 in 2020 to $1.11 in 2023. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For Dolby Laboratories
The earnings chart above shows that from 2020 to 2023, Dolby Laboratories has experienced an increase in their earnings from $2.99 per share to $3.57 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 takes an in-depth look at Dolby Laboratories's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.30 per share today, translating to an annualized dividend yield of 1.44%.
When comparing Dolby Laboratories's dividend yield against its industry peers, the company sits comfortably in the middle, with its peer Gen Digital having the highest annualized dividend yield at 2.32%.
Considering the increase in dividend per share from 2020 to 2023 along with an increase in earnings per share, Dolby Laboratories appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe the company's performance in the upcoming quarters.
[Click here]( to find details on Dolby Laboratories's previous dividends.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.