1st Source Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
Portfolio Pulse from Benzinga Insights
1st Source (NASDAQ:SRCE) is distributing a dividend of $0.34 per share with an annualized yield of 3.18%. The ex-dividend date was November 03, 2023, and the dividend is payable on November 15, 2023. The company has shown a positive trend in dividend per share growth from $1.10 in 2019 to $1.26 in 2022, and earnings per share growth from $3.54 in 2019 to $4.71 in 2022, indicating financial health and potential for future dividend increases. Provident Financial Services (NYSE:PFS) has the highest annualized dividend yield at 6.09% among industry peers.
November 15, 2023 | 3:05 pm
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NEUTRAL IMPACT
Provident Financial Services has the highest annualized dividend yield at 6.09% among industry peers, which may attract investors looking for high-yield dividend stocks.
While Provident Financial Services is mentioned as having the highest yield in its industry, the article does not provide specific news or changes regarding PFS's dividends or financials. Therefore, the impact on PFS's stock price is likely to be neutral in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
1st Source is paying a dividend of $0.34 per share, with a positive trend in dividend and earnings growth, indicating a strong financial position and potential for future increases in dividends.
The consistent increase in dividends and earnings per share over the past years suggests that 1st Source is in a strong financial position, which is likely to be viewed positively by investors. This could lead to a short-term positive impact on the stock price as it may attract income-seeking investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100