Provident Financial Services's last quarterly dividend of $0.24 per share was on Aug 10, 2023 (ex-date). The annualized dividend payment of $0.96 per share represents a current dividend yield of 6.34%.
Provident Financial Services's dividend yield of 6.34% is higher than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 3.75%, Provident Financial Services's dividend yield is 69% higher. The current dividend yield is more than the historical average of 4.6% of the last 5 years.
Provident Financial Services has a history of paying dividends since 2003. Our records of PFS show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed since one year ago. But with the stock price down by 35% from a year ago, the dividend yield marks an increase of 54%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 10, 2023 | Aug 25, 2023 | Jul 27, 2023 | $0.24 | normal |
| May 11, 2023 | May 26, 2023 | Apr 27, 2023 | $0.24 | normal |
| Feb 9, 2023 | Feb 24, 2023 | Jan 27, 2023 | $0.24 | normal |
| Nov 9, 2022 | Nov 25, 2022 | Oct 28, 2022 | $0.24 | normal |
| Aug 11, 2022 | Aug 26, 2022 | Jul 29, 2022 | $0.24 | normal |
| May 12, 2022 | May 27, 2022 | Apr 29, 2022 | $0.24 | normal |
| Feb 10, 2022 | Feb 25, 2022 | Jan 28, 2022 | $0.24 | normal |
| Nov 10, 2021 | Nov 26, 2021 | Oct 29, 2021 | $0.24 | normal |
| Aug 12, 2021 | Aug 27, 2021 | Jul 30, 2021 | $0.23 | normal |
| May 13, 2021 | May 28, 2021 | Apr 29, 2021 | $0.23 | normal |
| Feb 11, 2021 | Feb 26, 2021 | Jan 29, 2021 | $0.23 | normal |
| Nov 12, 2020 | Nov 27, 2020 | Oct 30, 2020 | $0.23 | normal |
| Aug 13, 2020 | Aug 28, 2020 | Jul 30, 2020 | $0.23 | normal |
| May 14, 2020 | May 29, 2020 | Apr 30, 2020 | $0.23 | normal |
| Feb 13, 2020 | Feb 28, 2020 | Jan 31, 2020 | $0.23 | normal |
| Nov 14, 2019 | Nov 29, 2019 | Oct 24, 2019 | $0.23 | normal |
| Aug 14, 2019 | Aug 30, 2019 | Jul 25, 2019 | $0.23 | normal |
| May 14, 2019 | May 31, 2019 | Apr 25, 2019 | $0.23 | normal |
| Feb 14, 2019 | Feb 28, 2019 | Feb 1, 2019 | $0.2 | special |
| Feb 14, 2019 | Feb 28, 2019 | Feb 1, 2019 | $0.23 | normal |
| Nov 14, 2018 | Nov 30, 2018 | Oct 25, 2018 | $0.21 | normal |
| Aug 14, 2018 | Aug 31, 2018 | Jul 27, 2018 | $0.21 | normal |
| May 14, 2018 | May 31, 2018 | Apr 27, 2018 | $0.2 | normal |
| Feb 14, 2018 | Feb 28, 2018 | Jan 26, 2018 | $0.2 | normal |
| Dec 7, 2017 | Dec 22, 2017 | Nov 16, 2017 | $0.15 | special |
| Nov 14, 2017 | Nov 30, 2017 | $0.2 | normal | |
| Aug 11, 2017 | Aug 31, 2017 | Jul 28, 2017 | $0.2 | normal |
| May 11, 2017 | May 31, 2017 | Apr 28, 2017 | $0.19 | normal |
| Feb 13, 2017 | Feb 28, 2017 | Jan 27, 2017 | $0.19 | normal |
| Nov 10, 2016 | Nov 30, 2016 | $0.18 | normal | |
| Aug 11, 2016 | Aug 31, 2016 | Jul 28, 2016 | $0.18 | normal |
Provident Financial Services's payout ratio of 43.4% is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 33.4%, Provident Financial Services's payout ratio is 30% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| KRNY Kearny Financial Corp | 6.43% | $0.44 | 69.8% |
| PFS Provident Financial Services Inc | 6.39% | $0.96 | 43.4% |
| OCFC Oceanfirst Financial Corp | 5.5% | $0.8 | 32.8% |
Yes, Provident Financial Services has been paying dividends for the last 20 years.
PFS hasn't announced its next dividend date yet, however if we take into account its recent dividend frequency, it is likely that its next dividend will be in November 2023.
Provident Financial Services's last regular dividend was on Aug 10, 2023 (ex-date) with the amount of $0.24 per share.
PFS has paid dividend of $0.96 per share in the last year.
Provident Financial Services's current dividend yield is 6.34%.
Provident Financial Services pays four dividends per year.
Provident Financial Services's dividend payout ratio is 43.4%.
Provident Financial Services's dividend yield is more than the Financial Services sector average.