Supporting Shareholders through Changes: Auburn National Bancorp Ensures Stable Distribution amidst Decreased Profits
Portfolio Pulse from Benzinga Insights
Auburn National Bancorp (NASDAQ:AUBN) is distributing a dividend payout of $0.27 per share, with an annualized dividend yield of 4.91%. The company has seen a growth in its dividend per share from $1.00 to $1.06 from 2019 to 2022, despite a decrease in earnings per share from $2.62 to $2.20 in the same period. Territorial Bancorp (NASDAQ:TBNK) has the highest annualized dividend yield in the industry at 9.73%.
September 25, 2023 | 3:05 pm
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NEUTRAL IMPACT
Auburn National Bancorp maintains dividend payout despite decreased earnings.
While Auburn National Bancorp has seen a decrease in earnings per share, it has maintained and even slightly increased its dividend payout. This suggests a commitment to returning value to shareholders, but could also indicate potential financial strain if profitability continues to decline.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
POSITIVE IMPACT
Territorial Bancorp has the highest annualized dividend yield in the industry.
Territorial Bancorp's high annualized dividend yield could make it an attractive option for income-seeking investors. However, the company's overall financial health and growth prospects should also be considered.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50