Brookline Bancorp, Inc. operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company's loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans. It also provides term loans, letters of credit, foreign exchange, cash management, investment advisory, and online and mobile banking services, as well as invests in debt and equity securities. As of December 31, 2021, the company operated 50 full-service banking offices in greater Boston, Massachusetts, and greater Providence, Rhode Island. Brookline Bancorp, Inc. was founded in 1871 and is headquartered in Boston, Massachusetts.
Brookline Bancorp Dividend Announcement
• Brookline Bancorp announced a quarterly dividend of $0.14 per ordinary share which will be made payable on 2024-11-29. Ex dividend date: 2024-11-15
• Brookline Bancorp annual dividend for 2024 was $0.54
• Brookline Bancorp annual dividend for 2023 was $0.54
• Brookline Bancorp's trailing twelve-month (TTM) dividend yield is 4.86%
• Brookline Bancorp's payout ratio for the trailing twelve months (TTM) is 64.79%
• Brookline Bancorp's dividend growth over the last five years (2018-2023) was 6.45% year
• Brookline Bancorp's dividend growth over the last ten years (2013-2023) was 4.73% year
Brookline Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-15 | $0.14 | quarterly | 2024-11-29 |
2024-08-16 | $0.14 | quarterly | 2024-08-30 |
2024-05-09 | $0.14 | quarterly | 2024-05-24 |
2024-02-08 | $0.14 | quarterly | 2024-02-23 |
2023-11-09 | $0.14 | quarterly | 2023-11-24 |
2023-08-10 | $0.14 | quarterly | 2023-08-25 |
2023-05-11 | $0.14 | quarterly | 2023-05-26 |
2023-02-09 | $0.14 | quarterly | 2023-02-24 |
2022-11-09 | $0.14 | quarterly | 2022-11-25 |
2022-08-11 | $0.13 | quarterly | 2022-08-26 |
2022-05-12 | $0.13 | quarterly | 2022-05-27 |
2022-02-10 | $0.12 | quarterly | 2022-02-25 |
2021-11-10 | $0.12 | quarterly | 2021-11-26 |
2021-08-12 | $0.12 | quarterly | 2021-08-27 |
2021-05-13 | $0.12 | quarterly | 2021-05-28 |
2021-02-11 | $0.12 | quarterly | 2021-02-26 |
2020-11-12 | $0.12 | quarterly | 2020-11-27 |
2020-08-06 | $0.12 | quarterly | 2020-08-21 |
2020-05-14 | $0.12 | quarterly | 2020-05-29 |
2020-02-13 | $0.12 | quarterly | 2020-02-28 |
2019-11-07 | $0.12 | quarterly | 2019-11-22 |
2019-08-08 | $0.11 | quarterly | 2019-08-23 |
2019-05-09 | $0.11 | quarterly | 2019-05-24 |
2019-02-08 | $0.10 | quarterly | 2019-02-25 |
2018-11-08 | $0.10 | quarterly | 2018-11-23 |
2018-08-09 | $0.10 | quarterly | 2018-08-24 |
2018-05-10 | $0.10 | quarterly | 2018-05-25 |
2018-02-15 | $0.09 | quarterly | 2018-03-02 |
2017-11-02 | $0.09 | quarterly | 2017-11-17 |
2017-08-09 | $0.09 | quarterly | 2017-08-25 |
2017-05-10 | $0.09 | quarterly | 2017-05-26 |
2017-02-08 | $0.09 | quarterly | 2017-02-24 |
2016-11-02 | $0.09 | quarterly | 2016-11-18 |
2016-08-03 | $0.09 | quarterly | 2016-08-19 |
2016-05-04 | $0.09 | quarterly | 2016-05-20 |
2016-02-10 | $0.09 | quarterly | 2016-02-26 |
2015-11-04 | $0.09 | quarterly | 2015-11-20 |
2015-08-05 | $0.09 | quarterly | 2015-08-21 |
2015-05-06 | $0.09 | quarterly | 2015-05-22 |
2015-02-11 | $0.09 | quarterly | 2015-02-27 |
2014-11-12 | $0.09 | quarterly | 2014-11-28 |
2014-08-13 | $0.09 | quarterly | 2014-08-29 |
2014-05-07 | $0.09 | quarterly | 2014-05-23 |
2014-02-12 | $0.09 | quarterly | 2014-02-28 |
2013-11-06 | $0.09 | quarterly | 2013-11-22 |
2013-08-07 | $0.09 | quarterly | 2013-08-24 |
2013-05-08 | $0.09 | quarterly | 2013-05-24 |
2013-02-11 | $0.09 | quarterly | 2013-02-27 |
Brookline Bancorp Dividend per year
Brookline Bancorp Dividend growth
Brookline Bancorp Dividend Yield
Brookline Bancorp current trailing twelve-month (TTM) dividend yield is 4.86%. Interested in purchasing Brookline Bancorp stock? Use our calculator to estimate your expected dividend yield:
Brookline Bancorp Financial Ratios
Brookline Bancorp Dividend FAQ
Other factors to consider when evaluating Brookline Bancorp 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: Brookline Bancorp'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, Brookline Bancorp 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, Brookline Bancorp 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 Brookline Bancorp 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: Brookline Bancorp 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, Brookline Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Brookline Bancorp 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 Brookline Bancorp'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 Brookline Bancorp'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.