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Cornerstone Bancorp, Inc. operates as the bank holding company for Cornerstone National Bank & Trust Company that provides various financial products and services to individuals and businesses. It offers checking, savings, money market, and individual retirement accounts; and certificates of deposit. The company also provides home equity, vehicle, personal, equipment, association, and real estate construction loans; residential mortgages and refinances; construction, and medical and dental practice financing services; commercial and multi-family mortgages; and letters and lines of credit products. In addition, it provides online and mobile banking, payment, cash management, and bill pay services; and personal and business account services. Further, the company offers securities custody accounts; investment management services; trust, estate, and guardianship services; and retirement plans. It operates in the Chicago metropolitan area through its main office in Palatine, Illinois, as well as branch offices in Crystal Lake, Deer Park, Naperville, and Schaumburg, Illinois. Cornerstone Bancorp, Inc. was founded in 2000 and is headquartered in Palatine, Illinois.

Cornerstone Bancorp Dividend Announcement

• Cornerstone Bancorp announced a annually dividend of $2.50 per ordinary share which will be made payable on 2024-02-05. Ex dividend date: 2024-01-19
• Cornerstone Bancorp annual dividend for 2024 was $2.50
• Cornerstone Bancorp's trailing twelve-month (TTM) dividend yield is 3.19%

Cornerstone Bancorp Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-01-19$2.50annually2024-02-05
2019-06-28$35.00annually2019-07-15

Cornerstone Bancorp Dividend per year

Cornerstone Bancorp Dividend Yield

Cornerstone Bancorp current trailing twelve-month (TTM) dividend yield is 3.19%. Interested in purchasing Cornerstone Bancorp stock? Use our calculator to estimate your expected dividend yield:

Cornerstone Bancorp Financial Ratios

P/E ratio8.24
PEG ratio0.08
P/B ratio0.00
ROE0.00%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Cornerstone Bancorp Dividend FAQ

Does Cornerstone Bancorp stock pay dividends?
Cornerstone Bancorp does not currently pay dividends to its shareholders.
Has Cornerstone Bancorp ever paid a dividend?
No, Cornerstone Bancorp has no a history of paying dividends to its shareholders. Cornerstone Bancorp is not known for its dividend payments.
Why doesn't Cornerstone Bancorp pay dividends?
There are several potential reasons why Cornerstone 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 Cornerstone 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 Cornerstone 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 Cornerstone Bancorp a dividend aristocrat?
Cornerstone 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 Cornerstone Bancorp a dividend king?
Cornerstone 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 Cornerstone Bancorp a dividend stock?
No, Cornerstone 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 Cornerstone Bancorp stocks?
To buy Cornerstone 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 Cornerstone 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.