Provident Bancorp, Inc. operates as the bank holding company for The Provident Bank that provides various financial services to individuals and small businesses in the United States. It offers checking, term certificate, negotiable order of withdrawal, money market, and savings accounts, as well as certificates of deposit. The company also provides commercial real estate, multi-family residential real estate, commercial business, construction and land development, mortgage warehouse, one- to four-family residential, and consumer loans, as well as home equity loans and lines of credit; and invests in securities, and state and municipal bonds. As of December 31, 2021, it operated through its main office and six branch offices located in Amesbury and Newburyport, Massachusetts; and Bedford, Exeter, Portsmouth, and Seabrook, New Hampshire, as well as two loan production offices located in Boston, Massachusetts, and Ponte Vedra, Florida. The company was founded in 1828 and is headquartered in Amesbury, Massachusetts.
Provident Bancorp Dividend Announcement
• Provident Bancorp announced a quarterly dividend of $0.04 per ordinary share which will be made payable on 2022-08-26. Ex dividend date: 2022-08-11
• Provident Bancorp's trailing twelve-month (TTM) dividend yield is -%
• Provident Bancorp's payout ratio for the trailing twelve months (TTM) is 0.09%
Provident Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2022-08-11 | $0.04 | quarterly | 2022-08-26 |
2022-05-12 | $0.04 | quarterly | 2022-05-27 |
2022-02-09 | $0.04 | quarterly | 2022-02-25 |
2021-11-12 | $0.04 | quarterly | 2021-11-29 |
2021-08-12 | $0.04 | quarterly | 2021-08-27 |
2021-05-06 | $0.04 | quarterly | 2021-05-21 |
2021-02-10 | $0.03 | quarterly | 2021-02-26 |
2020-11-04 | $0.03 | quarterly | 2020-11-19 |
2020-07-29 | $0.03 | quarterly | 2020-08-13 |
2020-04-29 | $0.03 | quarterly | 2020-05-14 |
Provident Bancorp Dividend per year
Provident Bancorp Dividend growth
Provident Bancorp Dividend Yield
Provident Bancorp current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Provident Bancorp stock? Use our calculator to estimate your expected dividend yield:
Provident Bancorp Financial Ratios
Provident Bancorp Dividend FAQ
Other factors to consider when evaluating Provident 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: Provident 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, Provident 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, Provident 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 Provident 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: Provident 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, Provident 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: Provident 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 Provident 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 Provident 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.