Enterprise Bancorp, Inc. operates as the holding company of Enterprise Bank and Trust Company that provides commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit. The company also provides commercial real estate, commercial and industrial, commercial construction, residential, and consumer loans, as well as home equity loans and lines of credit. In addition, the company offers cash management services; wealth advisory and management services that include customized investment management and trust services to individuals, family groups, commercial businesses, trusts, foundations, non-profit organizations, and endowments; brokerage and management services to individual investors; insurance services; and voice, online, and mobile banking services. As of January 27, 2022, it had 26 full-service branches located in the Massachusetts communities of Acton, Andover, Billerica, Chelmsford, Dracut, Fitchburg, Lawrence, Leominster, Lexington, Lowell, Methuen, North Andover, Tewksbury, Tyngsborough, and Westford; and in the New Hampshire communities of Derry, Hudson, Nashua, Pelham, Salem, and Windham. The company was founded in 1989 and is headquartered in Lowell, Massachusetts.
Enterprise Bancorp Dividend Announcement
• Enterprise Bancorp announced a quarterly dividend of $0.24 per ordinary share which will be made payable on 2024-12-02. Ex dividend date: 2024-11-08
• Enterprise Bancorp annual dividend for 2024 was $0.96
• Enterprise Bancorp annual dividend for 2023 was $0.92
• Enterprise Bancorp's trailing twelve-month (TTM) dividend yield is 3.72%
• Enterprise Bancorp's payout ratio for the trailing twelve months (TTM) is 27.80%
• Enterprise Bancorp's dividend growth over the last five years (2018-2023) was 9.67% year
• Enterprise Bancorp's dividend growth over the last ten years (2013-2023) was 7.18% year
Enterprise Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.24 | quarterly | 2024-12-02 |
2024-08-13 | $0.24 | quarterly | 2024-09-03 |
2024-05-10 | $0.24 | quarterly | |
2024-02-08 | $0.24 | quarterly | 2024-03-01 |
2023-11-09 | $0.23 | quarterly | 2023-12-01 |
2023-08-10 | $0.23 | quarterly | 2023-09-01 |
2023-05-10 | $0.23 | quarterly | 2023-06-01 |
2023-02-07 | $0.23 | quarterly | 2023-03-01 |
2022-11-09 | $0.20 | quarterly | 2022-12-01 |
2022-08-10 | $0.20 | quarterly | 2022-09-01 |
2022-05-10 | $0.20 | quarterly | 2022-06-01 |
2022-02-07 | $0.20 | quarterly | 2022-03-01 |
2021-11-09 | $0.18 | quarterly | 2021-12-01 |
2021-08-10 | $0.18 | quarterly | 2021-09-01 |
2021-05-10 | $0.18 | quarterly | 2021-06-01 |
2021-02-05 | $0.18 | quarterly | 2021-03-01 |
2020-11-09 | $0.17 | quarterly | 2020-12-01 |
2020-08-10 | $0.17 | quarterly | 2020-09-01 |
2020-05-08 | $0.17 | quarterly | 2020-06-01 |
2020-02-07 | $0.17 | quarterly | 2020-03-02 |
2019-11-07 | $0.16 | quarterly | 2019-12-02 |
2019-08-12 | $0.16 | quarterly | 2019-09-03 |
2019-05-10 | $0.16 | quarterly | 2019-06-03 |
2019-02-08 | $0.16 | quarterly | 2019-03-04 |
2018-11-08 | $0.14 | quarterly | 2018-12-03 |
2018-08-10 | $0.14 | quarterly | 2018-09-04 |
2018-05-10 | $0.14 | quarterly | 2018-06-01 |
2018-02-07 | $0.14 | quarterly | 2018-03-01 |
2017-11-09 | $0.14 | quarterly | 2017-12-01 |
2017-08-09 | $0.14 | quarterly | 2017-09-01 |
2017-05-09 | $0.14 | quarterly | 2017-06-01 |
2017-02-06 | $0.14 | quarterly | 2017-03-01 |
2016-11-08 | $0.13 | quarterly | 2016-12-01 |
2016-08-09 | $0.13 | quarterly | 2016-09-01 |
2016-05-09 | $0.13 | quarterly | 2016-06-01 |
2016-02-05 | $0.13 | quarterly | 2016-03-01 |
2015-11-06 | $0.12 | quarterly | 2015-12-01 |
2015-08-07 | $0.12 | quarterly | 2015-09-01 |
2015-05-07 | $0.12 | quarterly | 2015-06-01 |
2015-02-05 | $0.12 | quarterly | 2015-03-02 |
2014-11-06 | $0.12 | quarterly | 2014-12-01 |
2014-08-08 | $0.12 | quarterly | 2014-09-02 |
2014-05-08 | $0.12 | quarterly | 2014-06-02 |
2014-02-06 | $0.12 | quarterly | 2014-03-03 |
2013-11-06 | $0.12 | quarterly | 2013-12-02 |
2013-08-09 | $0.12 | quarterly | 2013-09-03 |
2013-05-09 | $0.12 | quarterly | 2013-06-03 |
2013-02-06 | $0.12 | quarterly | 2013-03-01 |
Enterprise Bancorp Dividend per year
Enterprise Bancorp Dividend growth
Enterprise Bancorp Dividend Yield
Enterprise Bancorp current trailing twelve-month (TTM) dividend yield is 3.72%. Interested in purchasing Enterprise Bancorp stock? Use our calculator to estimate your expected dividend yield:
Enterprise Bancorp Financial Ratios
Enterprise Bancorp Dividend FAQ
Other factors to consider when evaluating Enterprise 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: Enterprise 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, Enterprise 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, Enterprise 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 Enterprise 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: Enterprise 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, Enterprise 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: Enterprise 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 Enterprise 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 Enterprise 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.