Thriving with Robust Performance: MVB Financial Delivers Growing Profits to Investors
Portfolio Pulse from Benzinga Insights
MVB Financial (NASDAQ:MVBF) is set to distribute a dividend of $0.17 per share with an annualized yield of 3.44%. The ex-dividend date was November 30, 2023. The company has shown a positive trend in dividend growth from $0.20 to $0.68 per share from 2019 to 2022, and earnings per share increased from $1.24 to $1.43 over the same period. First of Long Island (NASDAQ:FLIC) has the highest annualized dividend yield in the industry at 6.36%.
December 15, 2023 | 3:05 pm
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NEUTRAL IMPACT
First of Long Island has the highest annualized dividend yield in the industry at 6.36%, outperforming MVB Financial's yield.
While FLIC is mentioned as having a higher dividend yield than MVBF, the article does not provide specific financial data or changes for FLIC that would directly impact its stock price in the short term.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
MVB Financial is distributing a $0.17/share dividend, reflecting a stable financial position with consistent dividend and earnings growth.
The consistent increase in dividends and earnings per share from 2019 to 2022 suggests a strong financial health and commitment to shareholder returns, which is likely to be viewed positively by investors and could lead to a short-term increase in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100