Provident Bancorp's latest quarterly dividend was on Aug 11, 2022 (ex-date) with a payout of $0.04 per share. On an annualized basis, the company has a current payout of $0.16 per share. This brings the dividend yield to 1.12% based on its recent close price.
PVBC has a dividend yield of 1.12% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 2.95%, Provident Bancorp's dividend yield is 62% lower.
Provident Bancorp has been paying dividends since 2020. PVBC has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 14% since twelve months ago. And with the price of the stock down by 13% from a year ago, the dividend yield has an increase of 31%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 11, 2022 | Aug 26, 2022 | Jul 28, 2022 | $0.04 | normal |
| May 12, 2022 | May 27, 2022 | Apr 28, 2022 | $0.04 | normal |
| Feb 9, 2022 | Feb 25, 2022 | Jan 27, 2022 | $0.04 | normal |
| Nov 12, 2021 | Nov 29, 2021 | Oct 28, 2021 | $0.04 | normal |
| Aug 12, 2021 | Aug 27, 2021 | Jul 29, 2021 | $0.04 | normal |
| May 6, 2021 | May 21, 2021 | Apr 22, 2021 | $0.04 | normal |
| Feb 10, 2021 | Feb 26, 2021 | Jan 28, 2021 | $0.03 | normal |
| Nov 4, 2020 | Nov 19, 2020 | Oct 22, 2020 | $0.03 | normal |
| Jul 29, 2020 | Aug 13, 2020 | Jul 17, 2020 | $0.03 | normal |
| Apr 29, 2020 | May 14, 2020 | Apr 16, 2020 | $0.03 | normal |
PVBC has a payout ratio of 13.3% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 30.2%, Provident Bancorp's payout ratio is 56% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NBTB Nbt Bancorp Inc | 2.97% | $1.14 | 32.5% |
| NBHC National Bank Holdings Corp | 2.45% | $0.91 | 34.1% |
| PVBC Provident Bancorp Inc | 1.12% | $0.16 | 13.3% |
Yes, Provident Bancorp has paid four dividends in the last twelve months. PVBC has been paying dividends since 2020.
At this point we don't have a record of PVBC's next dividend date, but based on the current dividend schedule we project that it will likely be in November 2022.
Provident Bancorp's last dividend ex-date was on Aug 11, 2022. The dividend amount was $0.04 per share.
PVBC has paid dividend of $0.16 per share in the last year.
The current dividend yield of Provident Bancorp is 1.12%.
Provident Bancorp has a quarterly dividend frequency.
Provident Bancorp's dividend payout ratio is 13.3%.
Provident Bancorp's dividend yield is lower than the Financial Services sector average.