BayFirst Financial Corp. operates as the bank holding company for First Home Bank that provides commercial and consumer banking services for businesses and individuals. The company offers checking and savings accounts, and certificates of deposit. It also provides home loans, including residential mortgages, home equity loans, and home equity lines of credit; and business lending services comprising minority lending programs, PPP loan forgiveness services, SBA loans, and commercial lending services. In addition, the company offers treasury management, merchant, online, and investment services; and credit cards. As of January 26, 2022, it operated seven full-service office locations in St. Petersburg, Seminole, Pinellas Park, Clearwater, Sarasota, Tampa, and Belleair Bluffs, Florida; and 23 mortgage loan production offices. The company was formerly known as First Home Bancorp, Inc. and changed its name to BayFirst Financial Corp. in May 2021. BayFirst Financial Corp. was founded in 1999 and is headquartered in Saint Petersburg, Florida.
BayFirst Financial Dividend Announcement
• BayFirst Financial announced a quarterly dividend of $0.08 per ordinary share which will be made payable on 2024-12-15. Ex dividend date: 2024-11-29
• BayFirst Financial annual dividend for 2024 was $0.32
• BayFirst Financial annual dividend for 2023 was $0.32
• BayFirst Financial's trailing twelve-month (TTM) dividend yield is 2.33%
• BayFirst Financial's payout ratio for the trailing twelve months (TTM) is 58.84%
BayFirst Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-29 | $0.08 | quarterly | 2024-12-15 |
2024-08-30 | $0.08 | quarterly | 2024-09-15 |
2024-05-31 | $0.08 | quarterly | 2024-06-15 |
2024-02-29 | $0.08 | quarterly | 2024-03-15 |
2023-11-30 | $0.08 | quarterly | 2023-12-15 |
2023-08-31 | $0.08 | quarterly | 2023-09-15 |
2023-05-31 | $0.08 | quarterly | 2023-06-15 |
2023-02-28 | $0.08 | quarterly | 2023-03-15 |
2022-11-30 | $0.08 | quarterly | 2022-12-15 |
2022-08-31 | $0.08 | quarterly | 2022-09-15 |
2022-05-31 | $0.08 | quarterly | 2022-06-15 |
2022-02-28 | $0.08 | quarterly | 2022-03-15 |
2021-11-12 | $0.07 | quarterly | 2021-12-15 |
2021-08-12 | $0.07 | quarterly | 2021-09-15 |
2021-06-16 | $0.07 | quarterly | |
2021-05-13 | $0.07 | quarterly | |
2021-02-11 | $0.10 | quarterly | 2021-03-15 |
BayFirst Financial Dividend per year
BayFirst Financial Dividend growth
BayFirst Financial Dividend Yield
BayFirst Financial current trailing twelve-month (TTM) dividend yield is 2.33%. Interested in purchasing BayFirst Financial stock? Use our calculator to estimate your expected dividend yield:
BayFirst Financial Financial Ratios
BayFirst Financial Dividend FAQ
Other factors to consider when evaluating BayFirst Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
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1. Determination of Dividend: BayFirst Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.
2. Dividend Declaration: Once the board approves a dividend, BayFirst Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.
3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.
4. Payment Date: On the designated payment date, BayFirst Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.
5. Tax Implications: Dividends received from BayFirst Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
1. Record Date: BayFirst Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.
2. Payment Date: On the designated payment date, BayFirst Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: BayFirst Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
To assess the safety of BayFirst Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.
It is recommended to review BayFirst Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.