Parke Bancorp's last quarterly dividend payment of $0.18 per share was made to shareholders on record before Sep 29, 2023. The dividend payment stands at $0.72 per share annually, which equates to a dividend yield of 4.42%.
Parke Bancorp's dividend yield of 4.42% is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 3.73%, Parke Bancorp's dividend yield is 18% higher. The current dividend yield is higher than the historical average of 3.4% of the last 5 years.
Parke Bancorp has a dividend history dating as far as 2006, but lately the company has been paying dividends for the last nine consecutive years. According to our records PKBK has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 9% since one year ago. And with the stock price down by 22% from a year ago, the dividend yield marks an increase of 40%.
Ex-date | Payment date | Declared on | Amount | Type |
---|---|---|---|---|
Sep 29, 2023 | Oct 16, 2023 | Sep 20, 2023 | $0.18 | normal |
Jul 7, 2023 | Jul 24, 2023 | Jun 28, 2023 | $0.18 | normal |
Apr 6, 2023 | Apr 24, 2023 | Mar 28, 2023 | $0.18 | normal |
Jan 3, 2023 | Jan 18, 2023 | Dec 20, 2022 | $0.18 | normal |
Sep 8, 2022 | Sep 23, 2022 | Aug 30, 2022 | $0.18 | normal |
Jul 1, 2022 | Jul 19, 2022 | Jun 22, 2022 | $0.16 | normal |
Apr 5, 2022 | Apr 20, 2022 | Mar 24, 2022 | $0.16 | normal |
Jan 4, 2022 | Jan 19, 2022 | Dec 15, 2021 | $0.16 | normal |
Oct 5, 2021 | Oct 20, 2021 | Sep 23, 2021 | $0.16 | normal |
Jul 2, 2021 | Jul 20, 2021 | Jun 23, 2021 | $0.16 | normal |
May 3, 2021 | May 18, 2021 | Apr 23, 2021 | $0.16 | normal |
Jan 29, 2021 | Feb 16, 2021 | Jan 20, 2021 | $0.16 | normal |
Oct 8, 2020 | Oct 23, 2020 | Sep 23, 2020 | $0.16 | normal |
Jul 9, 2020 | Jul 24, 2020 | Jun 30, 2020 | $0.16 | normal |
Apr 8, 2020 | Apr 24, 2020 | Mar 27, 2020 | $0.16 | normal |
Jan 9, 2020 | Jan 24, 2020 | Dec 18, 2019 | $0.145 | normal |
Oct 10, 2019 | Oct 25, 2019 | Sep 24, 2019 | $0.145 | normal |
Jul 11, 2019 | Jul 26, 2019 | Jun 25, 2019 | $0.145 | normal |
Apr 10, 2019 | Apr 25, 2019 | Mar 19, 2019 | $0.127 | normal |
Jan 10, 2019 | Jan 25, 2019 | Dec 18, 2018 | $0.127 | normal |
Oct 11, 2018 | Oct 26, 2018 | Sep 25, 2018 | $0.127 | normal |
Jul 12, 2018 | Jul 27, 2018 | Jun 26, 2018 | $0.127 | normal |
Apr 12, 2018 | Apr 27, 2018 | Mar 20, 2018 | $0.099 | normal |
Jan 11, 2018 | Jan 26, 2018 | Dec 19, 2017 | $0.099 | normal |
Oct 12, 2017 | Oct 27, 2017 | Sep 19, 2017 | $0.099 | normal |
Jul 12, 2017 | Jul 28, 2017 | Jun 20, 2017 | $0.099 | normal |
Apr 11, 2017 | Apr 28, 2017 | Mar 21, 2017 | $0.075 | normal |
Jan 12, 2017 | Jan 31, 2017 | Dec 21, 2016 | $0.075 | normal |
Oct 12, 2016 | Oct 31, 2016 | Sep 20, 2016 | $0.06 | normal |
Parke Bancorp's payout ratio of 21.4% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 33.5%, Parke Bancorp's payout ratio is 36% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
VLY Valley National Bancorp | 5.24% | $0.44 | 35.5% |
PKBK Parke Bancorp Inc | 4.5% | $0.72 | 21.4% |
UNTY Unity Bancorp Inc | 2% | $0.47 | 12.3% |
PGC Peapack Gladstone Financial Corp | 0.78% | $0.2 | 5% |
Yes, Parke Bancorp has been paying dividends for the last nine years.
Currently PKBK's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in December 2023.
Parke Bancorp's last dividend ex-date was on Sep 29, 2023. The dividend amount was $0.18 per share.
PKBK's annualized dividend per share is $0.72.
The current dividend yield of Parke Bancorp is 4.42%.
Parke Bancorp pays four dividends per year.
The dividend payout ratio of Parke Bancorp is 21.4%.
Parke Bancorp's dividend yield is higher than the Financial Services sector average.