Benchmark Bankshares, Inc. operates as the holding company for Benchmark Community Bank that provides various banking products and services. The company accepts various deposits, such as checking, saving, and youth accounts. Its loan products include personal, mortgage, other real estate, business, auto, and student loans. The company also offers credit and debit cards; wealth management services comprising financial and retirement planning, and portfolio management, as well as estate, charitable giving, and trust services; and reorder checks, safe deposit boxes, wire transfers, bill pay, and internet and mobile banking services. As of April 1, 2022, it operated 16 full-service branches, one loan production office, and 14 ATMs. Benchmark Bankshares, Inc. was founded in 1971 and is based in Kenbridge, Virginia.
Benchmark Bankshares Dividend Announcement
• Benchmark Bankshares announced a semi annually dividend of $0.42 per ordinary share which will be made payable on 2024-07-31. Ex dividend date: 2024-07-05
• Benchmark Bankshares annual dividend for 2024 was $0.82
• Benchmark Bankshares annual dividend for 2023 was $0.78
• Benchmark Bankshares's trailing twelve-month (TTM) dividend yield is 3.64%
• Benchmark Bankshares's dividend growth over the last five years (2018-2023) was 10.20% year
• Benchmark Bankshares's dividend growth over the last ten years (2013-2023) was 1.38% year
Benchmark Bankshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-07-05 | $0.42 | semi annually | 2024-07-31 |
2024-01-04 | $0.40 | semi annually | 2024-01-31 |
2023-06-30 | $0.40 | semi annually | 2023-07-31 |
2023-01-05 | $0.38 | semi annually | 2023-01-31 |
2022-07-01 | $0.35 | semi annually | 2022-07-29 |
2022-01-06 | $0.35 | semi annually | 2022-01-31 |
2021-07-01 | $0.33 | semi annually | 2021-07-31 |
2021-01-07 | $0.33 | semi annually | 2021-01-29 |
2020-07-02 | $0.33 | semi annually | 2020-07-31 |
2020-01-02 | $0.31 | semi annually | 2020-01-31 |
2019-07-03 | $0.29 | semi annually | 2019-07-31 |
2019-01-04 | $0.27 | semi annually | 2019-01-31 |
2018-06-29 | $0.25 | semi annually | 2018-07-31 |
2018-01-04 | $0.23 | semi annually | 2018-01-31 |
2017-06-29 | $0.21 | semi annually | 2017-07-31 |
2017-01-04 | $0.21 | semi annually | 2017-01-31 |
2016-06-30 | $0.20 | semi annually | 2016-07-29 |
2016-01-06 | $0.19 | semi annually | 2016-01-29 |
2015-07-01 | $0.18 | semi annually | 2015-07-31 |
2015-01-07 | $0.17 | semi annually | 2015-01-30 |
2014-07-02 | $0.34 | semi annually | 2014-07-31 |
2014-01-08 | $0.34 | semi annually | 2014-01-31 |
2013-07-03 | $0.34 | semi annually | 2013-07-31 |
2013-01-09 | $0.34 | semi annually | 2013-01-31 |
Benchmark Bankshares Dividend per year
Benchmark Bankshares Dividend growth
Benchmark Bankshares Dividend Yield
Benchmark Bankshares current trailing twelve-month (TTM) dividend yield is 3.64%. Interested in purchasing Benchmark Bankshares stock? Use our calculator to estimate your expected dividend yield:
Benchmark Bankshares Financial Ratios
Benchmark Bankshares Dividend FAQ
Other factors to consider when evaluating Benchmark Bankshares 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: Benchmark Bankshares'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, Benchmark Bankshares 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, Benchmark Bankshares 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 Benchmark Bankshares 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: Benchmark Bankshares 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, Benchmark Bankshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Benchmark Bankshares 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 Benchmark Bankshares'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 Benchmark Bankshares'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.