Live Oak Bancshares's most recent quarterly dividend was on Sep 1, 2023 (ex-date) with a cash dividend payment of $0.03 per share. On an annualized basis, the company has a current payout of $0.12 per share. This brings the dividend yield to 0.41% based on its recent close price.
Live Oak Bancshares's dividend yield of 0.41% is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.78%, Live Oak Bancshares's dividend yield is 89% lower. The historical 5-year average of LOB's dividend yield is 0.5%, which is above the current yield.
Live Oak Bancshares has been paying dividends since 2015. LOB has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. But since the stock price has gone down by 9% from a year ago, the dividend yield has increased by 10%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Sep 1, 2023 | Sep 19, 2023 | Aug 22, 2023 | $0.03 | normal |
| Jun 6, 2023 | Jun 21, 2023 | May 24, 2023 | $0.03 | normal |
| Feb 27, 2023 | Mar 14, 2023 | Feb 14, 2023 | $0.03 | normal |
| Nov 28, 2022 | Dec 13, 2022 | Nov 15, 2022 | $0.03 | normal |
| Sep 2, 2022 | Sep 20, 2022 | Aug 23, 2022 | $0.03 | normal |
| May 27, 2022 | Jun 14, 2022 | May 17, 2022 | $0.03 | normal |
| Feb 28, 2022 | Mar 15, 2022 | Feb 15, 2022 | $0.03 | normal |
| Nov 26, 2021 | Dec 13, 2021 | Nov 15, 2021 | $0.03 | normal |
| Sep 3, 2021 | Sep 21, 2021 | Aug 24, 2021 | $0.03 | normal |
| May 24, 2021 | Jun 8, 2021 | May 11, 2021 | $0.03 | normal |
| Mar 8, 2021 | Mar 23, 2021 | Feb 23, 2021 | $0.03 | normal |
| Nov 30, 2020 | Dec 15, 2020 | Nov 17, 2020 | $0.03 | normal |
| Sep 4, 2020 | Sep 22, 2020 | Aug 25, 2020 | $0.03 | normal |
| May 22, 2020 | Jun 9, 2020 | May 12, 2020 | $0.03 | normal |
| Feb 24, 2020 | Mar 10, 2020 | Feb 11, 2020 | $0.03 | normal |
| Dec 2, 2019 | Dec 17, 2019 | Nov 19, 2019 | $0.03 | normal |
| Sep 9, 2019 | Sep 24, 2019 | Aug 27, 2019 | $0.03 | normal |
| May 24, 2019 | Jun 11, 2019 | May 14, 2019 | $0.03 | normal |
| Feb 25, 2019 | Mar 12, 2019 | Feb 12, 2019 | $0.03 | normal |
| Nov 30, 2018 | Dec 17, 2018 | Nov 19, 2018 | $0.03 | normal |
| Sep 10, 2018 | Sep 25, 2018 | Aug 28, 2018 | $0.03 | normal |
| May 25, 2018 | Jun 12, 2018 | May 15, 2018 | $0.03 | normal |
| Feb 23, 2018 | Mar 12, 2018 | Feb 12, 2018 | $0.03 | normal |
| Nov 10, 2017 | Nov 27, 2017 | Oct 30, 2017 | $0.03 | normal |
| Aug 17, 2017 | Sep 5, 2017 | Aug 7, 2017 | $0.03 | normal |
| May 19, 2017 | Jun 6, 2017 | May 9, 2017 | $0.02 | normal |
| Mar 8, 2017 | Mar 24, 2017 | Feb 24, 2017 | $0.02 | normal |
| Dec 12, 2016 | Dec 22, 2016 | Nov 30, 2016 | $0.02 | normal |
| Aug 30, 2016 | Sep 16, 2016 | Aug 18, 2016 | $0.02 | normal |
| Jun 3, 2016 | Jun 21, 2016 | May 23, 2016 | $0.01 | normal |
| Feb 26, 2016 | Mar 15, 2016 | Feb 16, 2016 | $0.02 | normal |
| Dec 28, 2015 | Jan 15, 2016 | Dec 17, 2015 | $0.01 | normal |
Live Oak Bancshares's payout ratio of 8.5% is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 33.4%, Live Oak Bancshares's payout ratio is 75% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 5.94% | $1.51 | 37.6% |
| LOB Live Oak Bancshares Inc | 0.41% | $0.12 | 8.5% |
Yes, Live Oak Bancshares has been paying dividends for the last eight years.
LOB hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in December 2023.
Live Oak Bancshares's last regular dividend was on Sep 1, 2023 (ex-date) with the amount of $0.03 per share.
LOB's annualized dividend per share is $0.12.
The current dividend yield of Live Oak Bancshares is 0.41%.
Live Oak Bancshares has a quarterly dividend frequency.
Live Oak Bancshares's dividend payout ratio is 8.5%.
Live Oak Bancshares's dividend yield is below the Financial Services sector average.