Eagle Bancorp Inc's Dividend Analysis
An In-Depth Look at Eagle Bancorp Inc's Upcoming Dividend and Financial Health
Eagle Bancorp Inc (NASDAQ:EGBN) recently announced a dividend of $0.45 per share, payable on 2024-01-31, with the ex-dividend date set for 2024-01-10. As investors look forward to this upcoming payment, the spotlight also shines on the company's dividend history, yield, and growth rates. Using the data from GuruFocus, let's look into Eagle Bancorp Inc's dividend performance and assess its sustainability.
What Does Eagle Bancorp Inc Do?
-
This Powerful Chart Made Peter Lynch 29% A Year For 13 Years
-
How to calculate the intrinsic value of a stock?
Eagle Bancorp Inc is a bank holding company that operates through its wholly-owned subsidiary, EagleBank. The bank offers a comprehensive suite of commercial banking services to business and professional clients, as well as consumer banking services to individuals. These services encompass a variety of financial solutions, including commercial loans, asset-based lending, accounts receivable financing, construction and commercial real estate loans, consumer home equity lines of credit, personal lines of credit and term loans, consumer loans, personal credit cards, and residential mortgage loans.
A Glimpse at Eagle Bancorp Inc's Dividend History
Eagle Bancorp Inc has maintained a consistent dividend payment record since 2019, with dividends currently distributed on a quarterly basis. Below is a chart showing annual Dividends Per Share for tracking historical trends.
Breaking Down Eagle Bancorp Inc's Dividend Yield and Growth
As of today, Eagle Bancorp Inc currently has a 12-month trailing dividend yield of 6.10% and a 12-month forward dividend yield of 6.10%, suggesting an expectation of consistent dividend payments over the next year. Over the past three years, Eagle Bancorp Inc's annual dividend growth rate was an impressive 69.70%. Based on Eagle Bancorp Inc's dividend yield and five-year growth rate, the 5-year yield on cost of Eagle Bancorp Inc stock as of today is approximately 6.10%.
The Sustainability Question: Payout Ratio and Profitability
To assess the sustainability of the dividend, one needs to evaluate the company's payout ratio. The dividend payout ratio provides insights into the portion of earnings the company distributes as dividends. A lower ratio suggests that the company retains a significant part of its earnings, thereby ensuring the availability of funds for future growth and unexpected downturns. As of 2023-09-30, Eagle Bancorp Inc's dividend payout ratio is 0.34.