Byline Bancorp, Inc. operates as the bank holding company for Byline Bank that provides various banking products and services for small and medium sized businesses, commercial real estate and financial sponsors, and consumers in the United States. It offers various retail deposit products, including non-interest-bearing accounts, money market demand accounts, savings accounts, interest-bearing checking accounts, and time deposits; ATM and debit cards; and online, mobile, and text banking services, as well as commercial deposits. The company also provides term loans, revolving lines of credit, and construction financing services; senior secured financing solutions to private equity backed lower middle market companies; small business administration and united states department of agriculture loans; and treasury management products and services. In addition, it offers financing solutions for equipment vendors and their end users; and investment, trust, and wealth management services that include fiduciary and executor services, financial planning solutions, investment advisory services, and private banking services for foundations and endowments, and high net worth individuals. It operates through 43 branch locations in the Chicago metropolitan area and one branch in Brookfield, Wisconsin. The company was formerly known as Metropolitan Bank Group, Inc. and changed its name to Byline Bancorp, Inc. in 2015. Byline Bancorp, Inc. was founded in 1914 and is headquartered in Chicago, Illinois.
Byline Bancorp Dividend Announcement
• Byline Bancorp announced a quarterly dividend of $0.00 per ordinary share which will be made payable on 2024-11-19. Ex dividend date: 2024-11-05
• Byline Bancorp annual dividend for 2024 was $0.27
• Byline Bancorp annual dividend for 2023 was $0.36
• Byline Bancorp's trailing twelve-month (TTM) dividend yield is 1.36%
• Byline Bancorp's payout ratio for the trailing twelve months (TTM) is 13.16%
Byline Bancorp Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-05 | $0.00 | quarterly | 2024-11-19 |
| 2024-08-06 | $0.09 | quarterly | 2024-08-20 |
| 2024-05-06 | $0.09 | quarterly | 2024-05-21 |
| 2024-02-05 | $0.09 | quarterly | 2024-02-20 |
| 2023-11-06 | $0.09 | quarterly | 2023-11-21 |
| 2023-08-07 | $0.09 | quarterly | 2023-08-22 |
| 2023-05-08 | $0.09 | quarterly | 2023-05-23 |
| 2023-02-06 | $0.09 | quarterly | 2023-02-21 |
| 2022-11-07 | $0.09 | quarterly | 2022-11-22 |
| 2022-08-08 | $0.09 | quarterly | 2022-08-23 |
| 2022-05-06 | $0.09 | quarterly | 2022-05-23 |
| 2022-02-07 | $0.09 | quarterly | 2022-02-22 |
| 2021-11-08 | $0.09 | quarterly | 2021-11-23 |
| 2021-08-09 | $0.09 | quarterly | 2021-08-24 |
| 2021-05-10 | $0.06 | quarterly | 2021-05-25 |
| 2021-02-08 | $0.06 | quarterly | 2021-02-23 |
| 2020-12-21 | $0.03 | quarterly | 2021-01-05 |
| 2020-09-21 | $0.03 | quarterly | 2020-10-06 |
| 2020-06-22 | $0.03 | quarterly | 2020-07-07 |
| 2020-03-23 | $0.03 | quarterly | 2020-04-07 |
| 2019-12-23 | $0.03 | quarterly | 2020-01-07 |
Byline Bancorp Dividend per year
Byline Bancorp Dividend growth
Byline Bancorp Dividend Yield
Byline Bancorp current trailing twelve-month (TTM) dividend yield is 1.36%. Interested in purchasing Byline Bancorp stock? Use our calculator to estimate your expected dividend yield:
Byline Bancorp Financial Ratios
P/E ratio9.58
PEG ratio0.46
P/B ratio1.05
ROE11.63%
Payout ratio13.16%
Current ratio0.38
Quick ratio0.38
Cash Ratio0.02
Byline Bancorp Dividend FAQ
How much is the next Byline Bancorp dividend?
Byline Bancorp's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Byline Bancorp dividend. The next Byline Bancorp dividend will be released in February, May, August, or November.
When is Byline Bancorp dividend paid?
Byline Bancorp pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Byline Bancorp pay?
The specific amount of Byline Bancorp dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Byline Bancorp's dividend history.
Does Byline Bancorp stock pay dividends?
Yes, Byline Bancorp does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Byline Bancorp's dividend history.
How much dividend does Byline Bancorp pay?
Byline Bancorp paid $0.27 in 2024, $0.36 in 2023, $0.36 in 2022, $0.3 in 2021, and $0.12 in 2020.
How often does Byline Bancorp pay dividends?
Byline Bancorp typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, August, and November.
What is Byline Bancorp's dividend yield?
The current dividend yield for Byline Bancorp is 1.36%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Byline Bancorp's exact dividend yield.
When does Byline Bancorp go ex dividend?
Byline Bancorp's ex-dividend date for the latest dividend was on 2024-11-05. Byline Bancorp typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Byline Bancorp dividend paid?
Byline Bancorp pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Byline Bancorp increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Byline Bancorp will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Byline Bancorp dividend per share?
Byline Bancorp paid $0.27 per share in 2024 and $0.36 per share in 2023. The amount of dividend per share that Byline Bancorp pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Byline Bancorp a dividend aristocrat?
No, 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 Byline Bancorp a dividend king?
No, 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 Byline Bancorp a dividend stock?
Yes, Byline Bancorp is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Byline Bancorp a good dividend stock?
Whether Byline Bancorp is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Byline Bancorp has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Byline 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.
Other factors to consider when evaluating Byline 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.
Does Byline Bancorp pay dividends monthly?
Byline Bancorp typically pays dividends on a quarterly basis.
Does Byline Bancorp pay dividends quarterly?
Byline Bancorp currently pays dividends on a quarterly basis.
Has Byline Bancorp ever paid a dividend?
Yes, Byline Bancorp has a history of paying dividends to its shareholders. Byline Bancorp is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Byline Bancorp dividend stocks?
To buy Byline 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Byline 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.
Place an order: Use the brokerage's trading platform to place an order to buy Byline 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.
When does Byline Bancorp pay dividends 2024?
Byline Bancorp pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-19. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Byline Bancorp increase its dividend in 2024?
Decisions regarding Byline Bancorp dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Byline Bancorp dividend overview you can look into the above table of dividend history.
How Byline Bancorp dividend works?
The Byline Bancorp dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Byline Bancorp's dividend process works:
1. Determination of Dividend: Byline 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, Byline 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, Byline 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 Byline 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. Determination of Dividend: Byline 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, Byline 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, Byline 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 Byline 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.
How are Byline Bancorp dividends paid?
Byline Bancorp dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Byline 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, Byline 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: Byline 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.
1. Record Date: Byline 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, Byline 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: Byline 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.
How many times does Byline Bancorp pay dividends?
Byline Bancorp typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Byline Bancorp pay dividends?
The general pattern is that Byline Bancorp pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Byline Bancorp dividend safe?
The safety of Byline Bancorp's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Byline 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 Byline 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.
To assess the safety of Byline 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 Byline 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.