Preferred Bank provides various commercial banking products and services to small and mid-sized businesses and their owners, entrepreneurs, real estate developers and investors, professionals, and high net worth individuals in the United States. The company accepts checking, savings, and money market deposit accounts; fixed-rate and fixed maturity retail, and non-retail certificates of deposit; and individual retirement accounts. It also provides real estate mortgage loans that are secured by retail, industrial, office, special purpose, and residential single and multi-family properties; real estate construction loans; and commercial loans comprising lines of credit for working capital, term loans for capital expenditures, and commercial and stand-by letters of credit; and SBA loans. In addition, the company offers trade finance services, including commercial and export letters of credit, import lines of credit, documentary collections, international wire transfers, acceptances/trust receipt financing products, export financing, documentary collections, and bills purchase programs. Further, it provides various high-wealth banking services to wealthy individuals residing in the Pacific Rim area; and remote deposit capture, and online and mobile banking services. Additionally, the company offers various banking services to physicians, accountants, attorneys, business managers, and other professionals; and safe deposit boxes, account reconciliation, courier service, and cash management services to the manufacturing, service, and distribution companies. As of December 31, 2021, it had eleven full-service branch offices in Alhambra, Century City, City of Industry, Torrance, Arcadia, Irvine, Diamond Bar, Pico Rivera, Tarzana, and San Francisco; and one branch in Flushing, New York. The company was incorporated in 1991 and is headquartered in Los Angeles, California.
Preferred Bank Dividend Announcement
• Preferred Bank announced a quarterly dividend of $0.70 per ordinary share which will be made payable on 2024-10-21. Ex dividend date: 2024-10-07
• Preferred Bank annual dividend for 2024 was $2.80
• Preferred Bank annual dividend for 2023 was $2.20
• Preferred Bank's trailing twelve-month (TTM) dividend yield is 3.37%
• Preferred Bank's payout ratio for the trailing twelve months (TTM) is 25.11%
• Preferred Bank's dividend growth over the last five years (2018-2023) was 18.54% year
Preferred Bank Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-10-07 | $0.70 | quarterly | 2024-10-21 |
| 2024-07-05 | $0.70 | quarterly | 2024-07-19 |
| 2024-04-04 | $0.70 | quarterly | 2024-04-19 |
| 2024-01-05 | $0.70 | quarterly | 2024-01-22 |
| 2023-10-05 | $0.55 | quarterly | 2023-10-20 |
| 2023-07-06 | $0.55 | quarterly | 2023-07-21 |
| 2023-04-05 | $0.55 | quarterly | 2023-04-21 |
| 2023-01-05 | $0.55 | quarterly | 2023-01-20 |
| 2022-10-06 | $0.43 | quarterly | 2022-10-21 |
| 2022-07-06 | $0.43 | quarterly | 2022-07-21 |
| 2022-04-06 | $0.43 | quarterly | 2022-04-21 |
| 2022-01-06 | $0.43 | quarterly | 2022-01-21 |
| 2021-10-06 | $0.38 | quarterly | 2021-10-21 |
| 2021-07-06 | $0.38 | quarterly | 2021-07-21 |
| 2021-04-06 | $0.38 | quarterly | 2021-04-21 |
| 2021-01-06 | $0.30 | quarterly | 2021-01-21 |
| 2020-10-06 | $0.30 | quarterly | 2020-10-21 |
| 2020-07-06 | $0.30 | quarterly | 2020-07-21 |
| 2020-04-06 | $0.30 | quarterly | 2020-04-21 |
| 2020-01-06 | $0.30 | quarterly | 2020-01-21 |
| 2019-10-04 | $0.30 | quarterly | 2019-10-21 |
| 2019-07-05 | $0.30 | quarterly | 2019-07-22 |
| 2019-04-05 | $0.30 | quarterly | 2019-04-22 |
| 2019-01-07 | $0.30 | quarterly | 2019-01-22 |
| 2018-10-04 | $0.25 | quarterly | 2018-10-19 |
| 2018-07-05 | $0.25 | quarterly | 2018-07-20 |
| 2018-04-06 | $0.22 | quarterly | 2018-04-23 |
| 2018-01-05 | $0.22 | quarterly | 2018-01-22 |
| 2017-10-05 | $0.20 | quarterly | 2017-10-20 |
| 2017-07-05 | $0.20 | quarterly | 2017-07-21 |
| 2017-04-05 | $0.18 | quarterly | 2017-04-21 |
| 2017-01-04 | $0.18 | quarterly | 2017-01-20 |
| 2016-10-05 | $0.15 | quarterly | 2016-10-21 |
| 2016-07-05 | $0.15 | quarterly | 2016-07-21 |
| 2016-04-05 | $0.15 | quarterly | 2016-04-21 |
| 2016-01-05 | $0.15 | quarterly | 2016-01-21 |
| 2015-10-02 | $0.12 | quarterly | 2015-10-20 |
| 2015-07-02 | $0.12 | quarterly | 2015-07-21 |
| 2015-04-02 | $0.12 | quarterly | 2015-04-21 |
| 2015-01-02 | $0.10 | quarterly | 2015-01-20 |
| 2014-10-02 | $0.10 | quarterly | 2014-10-20 |
| 2009-02-10 | $0.08 | quarterly | 2009-02-26 |
Preferred Bank Dividend per year
Preferred Bank Dividend growth
Preferred Bank Dividend Yield
Preferred Bank current trailing twelve-month (TTM) dividend yield is 3.37%. Interested in purchasing Preferred Bank stock? Use our calculator to estimate your expected dividend yield:
Preferred Bank Financial Ratios
P/E ratio8.13
PEG ratio1.15
P/B ratio1.48
ROE19.01%
Payout ratio25.11%
Current ratio0.32
Quick ratio0.32
Cash Ratio0.00
Preferred Bank Dividend FAQ
How much is the next Preferred Bank dividend?
Preferred Bank's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Preferred Bank dividend. The next Preferred Bank dividend will be released in January, April, July, or October.
When is Preferred Bank dividend paid?
Preferred Bank pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Preferred Bank pay?
The specific amount of Preferred Bank dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Preferred Bank's dividend history.
Does Preferred Bank stock pay dividends?
Yes, Preferred Bank does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Preferred Bank's dividend history.
How much dividend does Preferred Bank pay?
Preferred Bank paid $2.8 in 2024, $2.2 in 2023, $1.72 in 2022, $1.44 in 2021, and $1.2 in 2020.
How often does Preferred Bank pay dividends?
Preferred Bank typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around January, April, July, and October.
What is Preferred Bank's dividend yield?
The current dividend yield for Preferred Bank is 3.37%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Preferred Bank's exact dividend yield.
When does Preferred Bank go ex dividend?
Preferred Bank's ex-dividend date for the latest dividend was on 2024-10-07. Preferred Bank typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Preferred Bank dividend paid?
Preferred Bank pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will Preferred Bank increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Preferred Bank will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Preferred Bank dividend per share?
Preferred Bank paid $2.8 per share in 2024 and $2.2 per share in 2023. The amount of dividend per share that Preferred Bank pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Preferred Bank a dividend aristocrat?
No, 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 Preferred Bank a dividend king?
No, 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 Preferred Bank a dividend stock?
Yes, Preferred Bank is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Preferred Bank a good dividend stock?
Whether Preferred Bank is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Preferred Bank has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Preferred Bank 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.
Other factors to consider when evaluating Preferred Bank 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.
Does Preferred Bank pay dividends monthly?
Preferred Bank typically pays dividends on a quarterly basis.
Does Preferred Bank pay dividends quarterly?
Preferred Bank currently pays dividends on a quarterly basis.
Has Preferred Bank ever paid a dividend?
Yes, Preferred Bank has a history of paying dividends to its shareholders. Preferred Bank is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Preferred Bank dividend stocks?
To buy Preferred Bank 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, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Preferred Bank 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.
Place an order: Use the brokerage's trading platform to place an order to buy Preferred Bank 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.
When does Preferred Bank pay dividends 2024?
Preferred Bank pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-21. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Preferred Bank increase its dividend in 2024?
Decisions regarding Preferred Bank dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Preferred Bank dividend overview you can look into the above table of dividend history.
How Preferred Bank dividend works?
The Preferred Bank dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Preferred Bank's dividend process works:
1. Determination of Dividend: Preferred Bank'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, Preferred Bank 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, Preferred Bank 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 Preferred Bank 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. Determination of Dividend: Preferred Bank'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, Preferred Bank 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, Preferred Bank 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 Preferred Bank 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.
How are Preferred Bank dividends paid?
Preferred Bank dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Preferred Bank 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, Preferred Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Preferred Bank 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.
1. Record Date: Preferred Bank 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, Preferred Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Preferred Bank 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.
How many times does Preferred Bank pay dividends?
Preferred Bank typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Preferred Bank pay dividends?
The general pattern is that Preferred Bank pays dividends around January, April, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Preferred Bank dividend safe?
The safety of Preferred Bank's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Preferred Bank'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 Preferred Bank'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.
To assess the safety of Preferred Bank'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 Preferred Bank'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.