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Blue Foundry Bancorp operates as a bank holding company for Blue Foundry Bank, a savings bank that offers various banking products and services for individuals and businesses. The company offers deposits; and loans, such as one-to-four family residential property, home equity, commercial real estate, multi-family, construction, commercial and industrial, and other consumer loans, as well as home equity lines of credit. As of December 31, 2021, it operated 17 full-service branch offices located in northern New Jersey. The company was formerly known as Boiling Springs Bancorp and changed its name to Blue Foundry Bancorp in July 2019. Blue Foundry Bancorp was founded in 1939 and is based in Rutherford, New Jersey.

Blue Foundry Bancorp Dividend Announcement

• Blue Foundry Bancorp does not currently offer dividends, we're keeping a close eye on its growth potential and financial developments.
• Stay tuned for updates on Blue Foundry Bancorp dividend policy and future announcements. In the meantime, explore other dividend-yielding opportunities on our website.

Blue Foundry Bancorp Dividend History

Blue Foundry Bancorp Dividend Yield

Blue Foundry Bancorp current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Blue Foundry Bancorp stock? Use our calculator to estimate your expected dividend yield:

Blue Foundry Bancorp Financial Ratios

P/E ratio-17.55
PEG ratio-0.52
P/B ratio0.63
ROE-3.50%
Payout ratio-9.12%
Current ratio0.22
Quick ratio0.22
Cash Ratio0.00

Blue Foundry Bancorp Dividend FAQ

Does Blue Foundry Bancorp stock pay dividends?
Blue Foundry Bancorp does not currently pay dividends to its shareholders.
Has Blue Foundry Bancorp ever paid a dividend?
No, Blue Foundry Bancorp has no a history of paying dividends to its shareholders. Blue Foundry Bancorp is not known for its dividend payments.
Why doesn't Blue Foundry Bancorp pay dividends?
There are several potential reasons why Blue Foundry Bancorp would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Blue Foundry Bancorp ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Blue Foundry Bancorp has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Blue Foundry Bancorp a dividend aristocrat?
Blue Foundry Bancorp is not considered a Dividend Aristocrat. The term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Blue Foundry Bancorp a dividend king?
Blue Foundry Bancorp is not classified as a "Dividend King". A Dividend King is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Blue Foundry Bancorp a dividend stock?
No, Blue Foundry Bancorp is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Blue Foundry Bancorp stocks?
To buy Blue Foundry Bancorp you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Blue Foundry Bancorp stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.