By the close of today, February 22, 2024, OP Bancorp (NASDAQ:OPBK) will issue a dividend payout of $0.12 per share, resulting in an annualized dividend yield of 4.34%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on February 07, 2024.
OP Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-07 | 4$0.12 | 4.34% | 2024-01-25 | 2024-02-08 | 2024-02-22 | |
| 2023-11-08 | 4$0.12 | 5.73% | 2023-10-26 | 2023-11-09 | 2023-11-23 | |
| 2023-08-09 | 4$0.12 | 4.94% | 2023-07-27 | 2023-08-10 | 2023-08-24 | |
| 2023-05-10 | 4$0.12 | 5.36% | 2023-04-27 | 2023-05-11 | 2023-05-25 | |
| 2023-02-08 | 4$0.12 | 4.28% | 2023-01-26 | 2023-02-09 | 2023-02-23 | |
| 2022-11-09 | 4$0.12 | 4.19% | 2022-10-27 | 2022-11-10 | 2022-11-24 | |
| 2022-08-10 | 4$0.12 | 4.39% | 2022-07-28 | 2022-08-11 | 2022-08-25 | |
| 2022-05-11 | 4$0.1 | 3.02% | 2022-04-28 | 2022-05-12 | 2022-05-26 | |
| 2022-02-09 | 4$0.1 | 3.42% | 2022-01-27 | 2022-02-10 | 2022-02-24 | |
| 2021-11-09 | 4$0.1 | 3.79% | 2021-10-28 | 2021-11-11 | 2021-11-25 | |
| 2021-08-04 | 4$0.1 | 4.04% | 2021-07-22 | 2021-08-05 | 2021-08-19 | |
| 2021-05-05 | 4$0.07 | 2.78% | 2021-04-22 | 2021-05-06 | 2021-05-20 |
In terms of dividend yield, OP Bancorp finds itself in the middle ground among its industry peers, while United Security (NASDAQ:UBFO) takes the lead with the highest annualized dividend yield at 6.53%.
Analyzing OP 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
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $0.28 to $0.48, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For OP Bancorp
The earnings chart above shows that from 2020 to 2023, OP Bancorp has experienced an increase in their earnings from $0.86 per share to $1.71 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
In this article, we delve into OP Bancorp's recent dividend payout and examine how it impacts shareholders. The company has announced a dividend distribution of $0.12 per share today, resulting in an annualized dividend yield of 4.34%.
In terms of dividend yield, OP Bancorp finds itself in the middle ground among its industry peers, while United Security takes the lead with the highest annualized dividend yield at 6.53%.
With an increase in dividend per share and earnings per share from 2020 to 2023, OP Bancorp demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
\To stay up-to-date with the companies that are announcing their dividends, click here to visit our Dividends Calendar.
This article was generated by Benzinga's automated content engine and reviewed by an editor.