ConnectOne Bancorp's most recent quarterly dividend was on Feb 14, 2024 (ex-date) with a cash dividend payment of $0.17 per share. On an annualized basis, the company has a current payout of $0.68 per share. This brings the dividend yield to 3.45% based on its recent close price.
ConnectOne Bancorp's dividend yield of 3.45% is above the Financial Services sector and its peers average but below the industry average. But compared to its Financial Services sector average of 3.36%, ConnectOne Bancorp's dividend yield is only 2.7% higher. Historically CNOB's dividend yield has averaged at 2.2% in the last 5 years, which is below the current yield.
ConnectOne Bancorp has been paying dividends since 1996. CNOB has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 10% for the last year. But since the stock price has gone up by 22% from a year ago, the dividend yield has decreased by 10%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 14, 2024 | Mar 1, 2024 | Jan 25, 2024 | $0.17 | normal |
| Nov 14, 2023 | Dec 1, 2023 | Oct 26, 2023 | $0.17 | normal |
| Aug 14, 2023 | Sep 1, 2023 | Jul 27, 2023 | $0.17 | normal |
| May 12, 2023 | Jun 1, 2023 | Apr 27, 2023 | $0.17 | normal |
| Feb 16, 2023 | Mar 1, 2023 | Jan 26, 2023 | $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 32.7% is above its peers average but below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 39.6%, ConnectOne Bancorp's payout ratio is 17% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| VLY Valley National Bancorp | 5.61% | $0.44 | 46.3% |
| PKBK Parke Bancorp Inc | 4.34% | $0.72 | 30.3% |
| CNOB ConnectOne Bancorp Inc | 3.45% | $0.68 | 32.7% |
| UNTY Unity Bancorp Inc | 1.77% | $0.49 | 12.6% |
| PGC Peapack Gladstone Financial Corp | 0.87% | $0.2 | 7.3% |
Yes, ConnectOne Bancorp has paid four 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 May 2024.
ConnectOne Bancorp's last dividend ex-date was on Feb 14, 2024. The dividend amount was $0.17 per share.
On an annual basis CNOB pays $0.68 per share.
ConnectOne Bancorp's current dividend yield is 3.45%.
ConnectOne Bancorp pays dividends quarterly.
The dividend payout ratio of ConnectOne Bancorp is 32.7%.
ConnectOne Bancorp's dividend yield is similar to the Financial Services sector average.