Lakeland Bancorp Delivers Strong Performance and Growing Profits, Elevating Investor Returns
Portfolio Pulse from Benzinga Insights
Lakeland Bancorp (NASDAQ:LBAI) will distribute a dividend payout of $0.14 per share on August 16, 2023, equating to an annualized dividend yield of 3.74%. The company has seen an upward trajectory in its dividend per share from $0.49 to $0.57 between 2019 and 2022, and its earnings per share increased from $1.41 to $1.60 over the same period. The company's dividend yield is mid-range compared to its industry peers, with Eagle Bancorp (NASDAQ:EGBN) having the highest annualized dividend yield at 7.28%.
August 16, 2023 | 3:05 pm
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POSITIVE IMPACT
Lakeland Bancorp's dividend payout and increasing earnings per share indicate a strong financial position, which could potentially lead to future cash dividend payout increases.
The company's increasing dividends and earnings per share indicate a strong financial position, which is attractive to income-seeking investors. This could potentially lead to future cash dividend payout increases, positively impacting the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEUTRAL IMPACT
Eagle Bancorp has the highest annualized dividend yield at 7.28% among its industry peers.
Eagle Bancorp is mentioned as a comparison to Lakeland Bancorp in terms of dividend yield. While it has the highest yield among its peers, the news does not provide any specific information that would impact its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50