Preferred Bank (PFBC) Stock Rises on 13.2% Dividend Hike
Zacks Investment Research | Dec 27, 2021 07:28AM ET
Preferred Bank (NASDAQ:PFBC) industry ’s 0.5% rise.
At present, Preferred Bank carries a Zacks Rank #3 (Hold). You can see TCFC .
Farmers National announced a sequential hike in the quarterly dividend of 27.3% to 14 cents per share. The dividend will be paid out on Dec 31 to shareholders on record as of Dec 10, 2021.
This marks the sixth consecutive quarter of an increase by Farmers National. Prior to this, FMNB hiked the dividend by 10% to 11 cents per share.
Farmers National’s management noted, “since 2015, our annual cash dividend has increased at an impressive 26% compound annual growth rate, reflecting our strong financial results and commitment to returning capital to shareholders.”
United Bankshares announced a dividend of 36 cents per share, which represents a hike of 2.9% from the prior payout. The dividend will be paid out on Jan 3, 2022, to shareholders on record as of Dec 2, 2021.
In aggregate, United Bankshares will pay nearly $46.5 million on 129.2 million shares. Prior to the recent hike, UBSI announced an increase in its quarterly dividend by 2.9% to 35 cents per share in November 2019.
Community Financial announced a 17% sequential hike in the quarterly cash dividend. The company will now pay a dividend of 17.5 cents per share. The dividend will be paid out on Jan 24 to shareholders on record as of Jan 10, 2022.
TCFC’s management noted, "Our performance in the past year has been exceptional, despite many pandemic related challenges felt across the industry and Country. This increase in the quarterly dividend reflects the strong financial position of the Company and our continued commitment to returning value to shareholders."
Earlier in February, Community Financial hiked its dividend by 20% to 15 cents per share.
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