QNB (QNBC) Announces Dividend Payout of $0.37

QNB, a leading financial institution, announced on February 27, 2024, that its board of directors has declared a regular quarterly dividend of $0.37 per share ($1.48 annualized). This dividend is consistent with the previous payout and reflects the company’s commitment to rewarding its shareholders.

To qualify for the dividend, shares must be purchased before the ex-dividend date of March 14, 2024. Shareholders of record as of March 15, 2024, will receive the payment on March 28, 2024. At the current share price of $24.45 per share, the stock’s dividend yield stands at an impressive 6.05%.

Looking back over the past five years, the average dividend yield for QNB has been 4.35%, with the lowest at 3.39% and the highest at 6.70%. The current dividend yield of 6.05% is 1.98 standard deviations above the historical average, indicating a strong performance in terms of dividend payouts.

Furthermore, the company’s dividend payout ratio is 0.57, demonstrating a healthy balance between distributing profits to shareholders and retaining earnings for future growth. With a 3-year dividend growth rate of 0.06%, QNB has shown a consistent increase in dividends over time.

In terms of institutional sentiment, there are 3 funds or institutions reporting positions in QNB, with an average portfolio weight of 0.03%. While the total shares owned by institutions decreased by 7.24% in the last three months, the overall sentiment towards QNB remains positive.

Overall, QNB’s dividend announcement and financial performance reflect a strong commitment to shareholder value and long-term growth. Investors can look forward to continued returns from this reputable financial institution.