Potomac Bancshares, Inc. operates as the bank holding company for Bank of Charles Town that provides various banking products and services to individuals and businesses. The company offers checking, savings, and individual retirement accounts; and certificates of deposit (CD). It also provides personal loans, including new and used vehicle, home equity, unsecured home improvement and personal, retail equipment, and lot loans, as well as loans secured by CD, and home equity lines of credit; commercial loans for building or office purchases, commercial real estate and construction, and production and administrative equipment purchases; lines of credit; mortgage, term, residential and commercial construction, commercial real estate, and agricultural loans; and credit and debit cards. In addition, the company offers Card Pay, cash management, merchant, financial planning, trust and estate, investment management, wealth management, full-service brokerage, retirement and insurance planning and products, asset allocation and management, and college planning services, as well as telephone, mobile, and online banking services. It operates through nine full-service offices and one loan production office located in the Eastern Panhandle of West Virginia, Washington County, Maryland, and Loudoun County, Virginia. The company was founded in 1871 and is based in Charles Town, West Virginia.
Potomac Bancshares Dividend Announcement
• Potomac Bancshares announced a quarterly dividend of $0.12 per ordinary share which will be made payable on 2024-11-08. Ex dividend date: 2024-11-01
• Potomac Bancshares annual dividend for 2024 was $0.46
• Potomac Bancshares annual dividend for 2023 was $0.38
• Potomac Bancshares's trailing twelve-month (TTM) dividend yield is 3.98%
• Potomac Bancshares's dividend growth over the last five years (2018-2023) was 6.30% year
• Potomac Bancshares's dividend growth over the last ten years (2013-2023) was 12.22% year
Potomac Bancshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-01 | $0.12 | quarterly | 2024-11-08 |
2024-08-05 | $0.12 | quarterly | 2024-08-12 |
2024-05-02 | $0.12 | quarterly | 2024-05-10 |
2024-02-01 | $0.10 | quarterly | 2024-02-09 |
2023-11-01 | $0.10 | quarterly | 2023-11-09 |
2023-08-03 | $0.10 | quarterly | 2023-08-11 |
2023-05-02 | $0.09 | quarterly | 2023-05-10 |
2023-02-02 | $0.09 | quarterly | 2023-02-10 |
2022-11-01 | $0.09 | quarterly | 2022-11-09 |
2022-08-03 | $0.09 | quarterly | 2022-08-11 |
2022-05-02 | $0.09 | quarterly | 2022-05-10 |
2022-02-02 | $0.08 | quarterly | 2022-02-10 |
2021-11-01 | $0.08 | quarterly | 2021-11-09 |
2021-08-03 | $0.08 | quarterly | 2021-08-11 |
2021-05-03 | $0.08 | quarterly | 2021-05-11 |
2021-02-02 | $0.07 | quarterly | 2021-02-10 |
2020-10-30 | $0.07 | quarterly | 2020-11-09 |
2020-08-03 | $0.07 | quarterly | 2020-08-11 |
2020-05-01 | $0.07 | quarterly | 2020-05-11 |
2020-01-31 | $0.07 | quarterly | 2020-02-10 |
2019-10-24 | $0.07 | quarterly | 2019-11-01 |
2019-07-24 | $0.07 | quarterly | 2019-08-01 |
2019-04-18 | $0.07 | quarterly | 2019-05-01 |
2019-01-23 | $0.07 | quarterly | 2019-02-01 |
2018-10-24 | $0.07 | quarterly | 2018-11-01 |
2018-07-24 | $0.07 | quarterly | 2018-08-01 |
2018-04-20 | $0.07 | quarterly | 2018-05-01 |
2018-01-23 | $0.07 | quarterly | 2018-02-01 |
2017-10-24 | $0.07 | quarterly | 2017-11-01 |
2017-07-21 | $0.07 | quarterly | 2017-08-01 |
2017-04-20 | $0.07 | quarterly | 2017-05-01 |
2017-01-20 | $0.07 | quarterly | 2017-02-01 |
2016-10-21 | $0.07 | quarterly | |
2016-07-21 | $0.07 | quarterly | |
2016-04-21 | $0.06 | quarterly | |
2016-01-21 | $0.06 | quarterly | |
2015-10-22 | $0.05 | quarterly | |
2015-07-22 | $0.05 | quarterly | |
2015-04-22 | $0.05 | quarterly | |
2015-01-22 | $0.05 | quarterly | |
2014-10-23 | $0.04 | quarterly | |
2014-07-18 | $0.04 | quarterly | |
2014-04-17 | $0.04 | quarterly | |
2014-01-23 | $0.04 | quarterly | |
2013-10-18 | $0.04 | quarterly | |
2013-07-18 | $0.04 | quarterly | |
2013-04-11 | $0.04 | quarterly |
Potomac Bancshares Dividend per year
Potomac Bancshares Dividend growth
Potomac Bancshares Dividend Yield
Potomac Bancshares current trailing twelve-month (TTM) dividend yield is 3.98%. Interested in purchasing Potomac Bancshares stock? Use our calculator to estimate your expected dividend yield:
Potomac Bancshares Financial Ratios
Potomac Bancshares Dividend FAQ
Other factors to consider when evaluating Potomac Bancshares 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: Potomac Bancshares'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, Potomac Bancshares 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, Potomac Bancshares 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 Potomac Bancshares 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: Potomac Bancshares 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, Potomac Bancshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Potomac Bancshares 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 Potomac Bancshares'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 Potomac Bancshares'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.