Orrstown Financial Services, Inc. operates as the holding company for Orrstown Bank that provides commercial banking and trust services in the United States. The company accepts various deposits, including checking, savings, time, demand, and money market deposits. It also offers commercial loans, such as commercial real estate, equipment, construction, working capital, and other commercial purpose loans, as well as industrial loans; consumer loans comprising home equity and other consumer loans, as well as home equity lines of credit; residential mortgage loans; acquisition and development loans; municipal loans; and installment and other loans. In addition, the company provides renders services as trustee, executor, administrator, guardian, managing agent, custodian, and investment advisor, as well as provides other fiduciary services under the Orrstown Financial Advisors name; and offers retail brokerage services through a third-party broker/dealer arrangement. Further, it offers investment advisory, insurance, and brokerage services. The company operates through offices in Berks, Cumberland, Dauphin, Franklin, Lancaster, Perry, and York counties, Pennsylvania; and Anne Arundel, Baltimore, Howard, and Washington counties, Maryland, as well as Baltimore City, Maryland. Orrstown Financial Services, Inc. was founded in 1919 and is based in Shippensburg, Pennsylvania.
Orrstown Financial Services Dividend Announcement
• Orrstown Financial Services announced a quarterly dividend of $0.23 per ordinary share which will be made payable on 2024-11-12. Ex dividend date: 2024-11-05
• Orrstown Financial Services annual dividend for 2024 was $0.86
• Orrstown Financial Services annual dividend for 2023 was $0.80
• Orrstown Financial Services's trailing twelve-month (TTM) dividend yield is 2.2%
• Orrstown Financial Services's payout ratio for the trailing twelve months (TTM) is 67.72%
• Orrstown Financial Services's dividend growth over the last five years (2018-2023) was 9.42% year
Orrstown Financial Services Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-05 | $0.23 | quarterly | 2024-11-12 |
2024-08-08 | $0.23 | quarterly | 2024-08-15 |
2024-05-06 | $0.20 | quarterly | 2024-05-14 |
2024-02-05 | $0.20 | quarterly | 2024-02-13 |
2023-11-06 | $0.20 | quarterly | 2023-11-14 |
2023-08-07 | $0.20 | quarterly | 2023-08-15 |
2023-05-08 | $0.20 | quarterly | 2023-05-16 |
2023-02-06 | $0.20 | quarterly | 2023-02-14 |
2022-10-28 | $0.19 | quarterly | 2022-11-07 |
2022-07-29 | $0.19 | quarterly | 2022-08-08 |
2022-04-29 | $0.19 | quarterly | 2022-05-09 |
2022-01-31 | $0.19 | quarterly | 2022-02-08 |
2021-10-29 | $0.19 | quarterly | 2021-11-08 |
2021-07-30 | $0.19 | quarterly | 2021-08-09 |
2021-04-30 | $0.18 | quarterly | 2021-05-10 |
2021-01-29 | $0.18 | quarterly | 2021-02-08 |
2020-10-30 | $0.17 | quarterly | 2020-11-09 |
2020-07-31 | $0.17 | quarterly | 2020-08-10 |
2020-05-01 | $0.17 | quarterly | 2020-05-11 |
2020-01-31 | $0.17 | quarterly | 2020-02-10 |
2019-11-01 | $0.15 | quarterly | 2019-11-12 |
2019-08-02 | $0.15 | quarterly | 2019-08-12 |
2019-04-29 | $0.15 | quarterly | 2019-05-07 |
2019-02-01 | $0.15 | quarterly | 2019-02-11 |
2018-10-26 | $0.13 | quarterly | 2018-11-05 |
2018-07-26 | $0.13 | quarterly | 2018-08-03 |
2018-04-23 | $0.13 | quarterly | 2018-05-02 |
2018-02-01 | $0.12 | quarterly | 2018-02-09 |
2017-11-03 | $0.12 | quarterly | 2017-11-15 |
2017-08-04 | $0.10 | quarterly | 2017-08-15 |
2017-05-04 | $0.10 | quarterly | 2017-05-15 |
2017-02-08 | $0.10 | quarterly | 2017-02-17 |
2016-11-07 | $0.09 | quarterly | 2016-11-18 |
2016-08-08 | $0.09 | quarterly | 2016-08-19 |
2016-05-09 | $0.09 | quarterly | 2016-05-20 |
2016-02-08 | $0.08 | quarterly | 2016-02-19 |
2015-11-02 | $0.08 | quarterly | 2015-11-13 |
2015-08-05 | $0.07 | quarterly | 2015-08-20 |
2015-05-06 | $0.07 | quarterly | 2015-05-21 |
2011-08-10 | $0.23 | quarterly | 2011-08-24 |
2011-05-11 | $0.23 | quarterly | 2011-05-25 |
2011-02-09 | $0.23 | quarterly | 2011-02-23 |
2010-11-09 | $0.23 | quarterly | 2010-11-24 |
2010-08-04 | $0.23 | quarterly | 2010-08-18 |
2010-05-05 | $0.22 | quarterly | 2010-05-19 |
2010-02-10 | $0.22 | quarterly | 2010-02-24 |
Orrstown Financial Services Dividend per year
Orrstown Financial Services Dividend growth
Orrstown Financial Services Dividend Yield
Orrstown Financial Services current trailing twelve-month (TTM) dividend yield is 2.2%. Interested in purchasing Orrstown Financial Services stock? Use our calculator to estimate your expected dividend yield:
Orrstown Financial Services Financial Ratios
Orrstown Financial Services Dividend FAQ
Other factors to consider when evaluating Orrstown Financial Services 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: Orrstown Financial Services'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, Orrstown Financial Services 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, Orrstown Financial Services 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 Orrstown Financial Services 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: Orrstown Financial Services 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, Orrstown Financial Services distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Orrstown Financial Services 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 Orrstown Financial Services'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 Orrstown Financial Services'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.