Origin Bancorp (NYSE:OBK) has announced that it will trade ex-dividend on November 14, 2023. This is a critical date as transactions must be completed before this to qualify for the next dividend payout. The dividend, set at $0.15 per share, is scheduled for disbursement on November 30th.
In the previous year, Origin Bancorp distributed dividends amounting to $0.60 per share. This led to a trailing yield of approximately 1.9% based on its current stock price of $31.9. The firm's dividend payout ratio stands at a modest 18% of its after-tax earnings, indicating robust financial health and the potential for continued dividends.
Investors should note that the ex-dividend date falls one business day before the record date when dividend eligibility is determined. Any share purchases post-November 14 will disqualify investors from receiving the forthcoming dividend.
The company has seen a significant annual growth rate of 45% in earnings over the past five years, with its dividend growing at an average annual rate of about 36%. This consistent upward trend suggests a bright future for further dividend increases, providing assurance to long-term investors.
The strength of Origin Bancorp's financial stability, fast growth, low payout ratio, and its history of sustained dividends contribute to an optimistic outlook for those invested in the firm. These factors might attract more investors as they suggest a management team focused on the business's long-term growth.
InvestingPro Insights
Drawing from InvestingPro's real-time data and tips, Origin Bancorp (NYSE:OBK) showcases a high earnings quality, with its free cash flow surpassing net income. This financial robustness aligns with the company's consistent dividend payments, a trend that has been maintained for six consecutive years. Another encouraging sign is the accelerating revenue growth, which further solidifies the company's financial health.
InvestingPro also notes that five analysts have revised their earnings upwards for the upcoming period, indicating a positive sentiment towards the company's future performance. This, coupled with the prediction that the company will remain profitable this year, reinforces the optimistic outlook for Origin Bancorp.
According to InvestingPro, there are many more tips available for investors interested in Origin Bancorp. These insights can be an invaluable tool for those looking to make informed investment decisions.
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