Old Second Bancorp Empowers Investors with Solid Returns and Fueling Shareholder Value
Portfolio Pulse from Benzinga Insights
Old Second Bancorp (NASDAQ:OSBC) is set to distribute a dividend payout of $0.05 per share, resulting in an annualized dividend yield of 1.47%. This payout is exclusive to investors who held the stock before the ex-dividend date on October 26, 2023. The company's dividend yield is relatively lower compared to its industry peers, with Eagle Bancorp (NASDAQ:EGBN) having a higher annualized dividend yield of 7.76%. However, Old Second Bancorp has shown a steady increase in dividend per share from 2019 to 2022 and a growth in earnings per share, indicating a strong financial position.
November 06, 2023 | 3:05 pm
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NEUTRAL IMPACT
Eagle Bancorp has a higher annualized dividend yield of 7.76% compared to Old Second Bancorp.
The news mentions Eagle Bancorp's higher dividend yield compared to Old Second Bancorp, but it does not provide any specific news or updates about Eagle Bancorp itself. Therefore, the impact on Eagle Bancorp's stock price is neutral in the short term.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Old Second Bancorp is set to distribute a dividend payout of $0.05 per share, with a steady increase in dividend and earnings per share from 2019 to 2022, indicating a strong financial position.
The news of the dividend payout and the steady increase in dividend and earnings per share indicates a strong financial position for Old Second Bancorp, which could potentially attract more investors and drive the stock price up in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100