ConnectOne Bancorp's most recent quarterly dividend was on Nov 11, 2022 (ex-date) with a cash dividend payment of $0.155 per share. On an annualized basis, the company has a current payout of $0.62 per share. This brings the dividend yield to 2.42% based on its recent close price.
ConnectOne Bancorp's dividend yield of 2.42% is above its peers average but below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 2.68%, ConnectOne Bancorp's dividend yield is 10% lower. Historically CNOB's dividend yield has averaged at 1.7% in the last 5 years, which is below the current yield.
ConnectOne Bancorp has been paying dividends since 1996. CNOB has issued five quarterly dividends in the last twelve months. The annualized DPS has increased by 41% for the last year. And since the stock price has gone down by 23% from a year ago, the dividend yield has increased by 82%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 11, 2022 | Dec 1, 2022 | Oct 27, 2022 | $0.155 | normal |
| Nov 10, 2022 | Dec 1, 2022 | Oct 27, 2022 | $0.155 | normal |
| Aug 12, 2022 | Sep 1, 2022 | Jul 28, 2022 | $0.155 | normal |
| May 13, 2022 | Jun 1, 2022 | Apr 28, 2022 | $0.155 | normal |
| Feb 11, 2022 | Mar 1, 2022 | Jan 27, 2022 | $0.13 | normal |
| Nov 12, 2021 | Dec 1, 2021 | $0.13 | normal | |
| Aug 13, 2021 | Sep 1, 2021 | Jul 29, 2021 | $0.11 | normal |
| May 14, 2021 | Jun 1, 2021 | Apr 29, 2021 | $0.11 | normal |
| Feb 11, 2021 | Mar 1, 2021 | Jan 28, 2021 | $0.09 | normal |
| Nov 13, 2020 | Dec 1, 2020 | Oct 29, 2020 | $0.09 | normal |
| Aug 14, 2020 | Sep 1, 2020 | Jul 30, 2020 | $0.09 | normal |
| Apr 24, 2020 | May 4, 2020 | Apr 14, 2020 | $0.09 | normal |
| Jan 10, 2020 | Feb 3, 2020 | Dec 27, 2019 | $0.09 | normal |
| Oct 10, 2019 | Nov 1, 2019 | Sep 25, 2019 | $0.09 | normal |
| Jul 12, 2019 | Aug 1, 2019 | Jun 26, 2019 | $0.09 | normal |
| Apr 12, 2019 | May 1, 2019 | Mar 27, 2019 | $0.09 | normal |
| Jan 11, 2019 | Feb 1, 2019 | Dec 19, 2018 | $0.075 | normal |
| Oct 12, 2018 | Nov 1, 2018 | Sep 26, 2018 | $0.075 | normal |
| Jul 13, 2018 | Aug 1, 2018 | Jun 27, 2018 | $0.075 | normal |
| Apr 13, 2018 | May 1, 2018 | Mar 28, 2018 | $0.075 | normal |
| Jan 11, 2018 | Feb 1, 2018 | Dec 20, 2017 | $0.075 | normal |
| Oct 13, 2017 | Nov 1, 2017 | Sep 27, 2017 | $0.075 | normal |
| Jul 13, 2017 | Aug 1, 2017 | Jun 27, 2017 | $0.075 | normal |
| Apr 12, 2017 | May 1, 2017 | Mar 24, 2017 | $0.075 | normal |
| Jan 13, 2017 | Feb 1, 2017 | Dec 21, 2016 | $0.075 | normal |
| Oct 12, 2016 | Nov 1, 2016 | Sep 21, 2016 | $0.075 | normal |
| Jul 14, 2016 | Aug 1, 2016 | Jun 29, 2016 | $0.075 | normal |
ConnectOne Bancorp's payout ratio of 20.5% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 30.6%, ConnectOne Bancorp's payout ratio is 33% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| VLY Valley National Bancorp | 3.57% | $0.44 | 41.1% |
| PKBK Parke Bancorp Inc | 3.05% | $0.66 | 19% |
| CNOB ConnectOne Bancorp Inc | 2.42% | $0.62 | 20.5% |
| UNTY Unity Bancorp Inc | 1.49% | $0.42 | 11.5% |
| PGC Peapack Gladstone Financial Corp | 0.5% | $0.2 | 5.3% |
Yes, ConnectOne Bancorp has paid five dividends in the last 12 months. CNOB has been paying dividends since 1996.
Currently CNOB's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in February 2023.
ConnectOne Bancorp's last dividend ex-date was on Nov 11, 2022. The dividend amount was $0.155 per share.
On an annual basis CNOB pays $0.62 per share.
ConnectOne Bancorp's current dividend yield is 2.42%.
ConnectOne Bancorp pays dividends quarterly.
The dividend payout ratio of ConnectOne Bancorp is 20.5%.
ConnectOne Bancorp's dividend yield is below the Financial Services sector average.