Parke Bancorp, Inc. operates as the bank holding company for Parke Bank that provides personal and business financial services to individuals and small to mid-sized businesses. The company offers various deposit products, including checking, savings, time, money market, and individual retirement accounts, as well as certificates of deposit. Its loan portfolio comprises commercial and industrial, construction, commercial and residential real estate mortgage, and consumer loans. In addition, the company provides debit cards, internet banking, and online bill payment services. It operates through 7 branch offices in Galloway Township, Northfield, Washington Township, and Collingswood, New Jersey; and Philadelphia, Pennsylvania. Parke Bancorp, Inc. was founded in 1999 and is headquartered in Washington Township, New Jersey.
Parke Bancorp Dividend Announcement
• Parke Bancorp announced a quarterly dividend of $0.18 per ordinary share which will be made payable on 2024-10-18. Ex dividend date: 2024-10-04
• Parke Bancorp annual dividend for 2024 was $0.72
• Parke Bancorp annual dividend for 2023 was $0.72
• Parke Bancorp's trailing twelve-month (TTM) dividend yield is 3.19%
• Parke Bancorp's payout ratio for the trailing twelve months (TTM) is 30.49%
• Parke Bancorp's dividend growth over the last five years (2018-2023) was 6.72% year
Parke Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-04 | $0.18 | quarterly | 2024-10-18 |
2024-07-05 | $0.18 | quarterly | 2024-07-19 |
2024-04-04 | $0.18 | quarterly | 2024-04-19 |
2024-01-02 | $0.18 | quarterly | 2024-01-17 |
2023-09-29 | $0.18 | quarterly | 2023-10-16 |
2023-07-07 | $0.18 | quarterly | 2023-07-24 |
2023-04-06 | $0.18 | quarterly | 2023-04-24 |
2023-01-03 | $0.18 | quarterly | 2023-01-18 |
2022-09-08 | $0.18 | quarterly | 2022-09-23 |
2022-07-01 | $0.16 | quarterly | 2022-07-19 |
2022-04-05 | $0.16 | quarterly | 2022-04-20 |
2022-01-04 | $0.16 | quarterly | 2022-01-19 |
2021-10-05 | $0.16 | quarterly | 2021-10-20 |
2021-07-02 | $0.16 | quarterly | 2021-07-20 |
2021-05-03 | $0.16 | quarterly | 2021-05-18 |
2021-01-29 | $0.16 | quarterly | 2021-02-16 |
2020-10-08 | $0.16 | quarterly | 2020-10-23 |
2020-07-09 | $0.16 | quarterly | 2020-07-24 |
2020-04-08 | $0.16 | quarterly | 2020-04-24 |
2020-01-09 | $0.16 | quarterly | 2020-01-24 |
2019-10-10 | $0.16 | quarterly | 2019-10-25 |
2019-07-11 | $0.16 | quarterly | 2019-07-26 |
2019-04-10 | $0.14 | quarterly | 2019-04-25 |
2019-01-10 | $0.14 | quarterly | 2019-01-25 |
2018-10-11 | $0.14 | quarterly | 2018-10-26 |
2018-07-12 | $0.14 | quarterly | 2018-07-27 |
2018-04-12 | $0.12 | quarterly | 2018-04-27 |
2018-01-11 | $0.12 | quarterly | 2018-01-26 |
2017-10-12 | $0.12 | quarterly | 2017-10-27 |
2017-07-12 | $0.12 | quarterly | 2017-07-28 |
2017-04-11 | $0.10 | quarterly | 2017-04-28 |
2017-01-12 | $0.10 | quarterly | 2017-01-31 |
2016-10-12 | $0.08 | quarterly | 2016-10-31 |
2016-07-13 | $0.08 | quarterly | 2016-07-29 |
2016-04-13 | $0.08 | quarterly | 2016-04-29 |
2016-01-13 | $0.07 | quarterly | 2016-01-29 |
2015-10-13 | $0.07 | quarterly | 2015-10-30 |
2015-07-13 | $0.06 | quarterly | 2015-07-30 |
2015-04-14 | $0.06 | quarterly | 2015-04-30 |
2015-01-14 | $0.05 | quarterly | 2015-01-30 |
2014-10-09 | $0.05 | quarterly | 2014-10-28 |
2014-07-11 | $0.05 | quarterly | 2014-07-31 |
2006-12-08 | $0.20 | quarterly | 2006-12-22 |
Parke Bancorp Dividend per year
Parke Bancorp Dividend growth
Parke Bancorp Dividend Yield
Parke Bancorp current trailing twelve-month (TTM) dividend yield is 3.19%. Interested in purchasing Parke Bancorp stock? Use our calculator to estimate your expected dividend yield:
Parke Bancorp Financial Ratios
Parke Bancorp Dividend FAQ
Other factors to consider when evaluating Parke 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: Parke 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, Parke 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, Parke 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 Parke 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: Parke 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, Parke 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: Parke 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 Parke 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 Parke 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.