Horizon Bancorp Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
Portfolio Pulse from Benzinga Insights
Horizon Bancorp (NASDAQ:HBNC) will distribute a dividend payout of $0.16 per share, translating to an annualized dividend yield of 5.77%. The company has shown a notable growth in its dividend per share from $0.46 to $0.63 from 2019 to 2022. Earnings per share also increased from $1.51 to $2.19 during the same period. Washington Trust Bancorp (NASDAQ:WASH) has the highest annualized dividend yield at 7.65% among its industry peers.
July 21, 2023 | 3:05 pm
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POSITIVE IMPACT
Horizon Bancorp's dividend payout and growth in earnings per share indicate a strong financial position, which could attract income-seeking investors.
The company's consistent dividend payout and growth in earnings per share indicate a strong financial position. This could make the stock more attractive to income-seeking investors, potentially driving up the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Washington Trust Bancorp has the highest annualized dividend yield at 7.65% among its industry peers.
The high annualized dividend yield could make Washington Trust Bancorp attractive to income-seeking investors, potentially driving up the stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50