Provident Financial Services, Inc. operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. The company's deposit products include savings, checking, interest-bearing checking, money market deposit, and certificate of deposit accounts, as well as IRA products. Its loan portfolio comprises commercial real estate loans that are secured by properties, such as multi-family apartment buildings, office buildings, and retail and industrial properties; commercial business loans; fixed-rate and adjustable-rate mortgage loans collateralized by one- to four-family residential real estate properties; commercial construction loans; and consumer loans consisting of home equity loans, home equity lines of credit, marine loans, personal loans and unsecured lines of credit, and auto and recreational vehicle loans. The company also offers cash management, remote deposit capture, payroll origination, escrow account management, and online and mobile banking services; and business credit cards. In addition, it provides wealth management services comprising investment management, trust and estate administration, financial planning, tax compliance and planning, and private banking. Further, the company sells insurance and investment products, including annuities; operates as a real estate investment trust for acquiring mortgage loans and other real estate related assets; and manages and sells real estate properties acquired through foreclosure. As of December 31, 2021, it operated 96 full-service branch offices in northern and central New Jersey, as well as in Pennsylvania and New York counties. The company was founded in 1839 and is headquartered in Jersey City, New Jersey.
Provident Financial Services Dividend Announcement
• Provident Financial Services announced a quarterly dividend of $0.24 per ordinary share which will be made payable on 2024-08-30. Ex dividend date: 2024-08-16
• Provident Financial Services annual dividend for 2024 was $0.72
• Provident Financial Services annual dividend for 2023 was $0.96
• Provident Financial Services's trailing twelve-month (TTM) dividend yield is 5.35%
• Provident Financial Services's payout ratio for the trailing twelve months (TTM) is 95.32%
• Provident Financial Services's dividend growth over the last five years (2018-2023) was 3.20% year
• Provident Financial Services's dividend growth over the last ten years (2013-2023) was 5.54% year
Provident Financial Services Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-08-16 | $0.24 | quarterly | 2024-08-30 |
| 2024-04-26 | $0.24 | quarterly | 2024-05-31 |
| 2024-02-08 | $0.24 | quarterly | 2024-02-23 |
| 2023-11-09 | $0.24 | quarterly | 2023-11-24 |
| 2023-08-10 | $0.24 | quarterly | 2023-08-25 |
| 2023-05-11 | $0.24 | quarterly | 2023-05-26 |
| 2023-02-09 | $0.24 | quarterly | 2023-02-24 |
| 2022-11-09 | $0.24 | quarterly | 2022-11-25 |
| 2022-08-11 | $0.24 | quarterly | 2022-08-26 |
| 2022-05-12 | $0.24 | quarterly | 2022-05-27 |
| 2022-02-10 | $0.24 | quarterly | 2022-02-25 |
| 2021-11-10 | $0.24 | quarterly | 2021-11-26 |
| 2021-08-12 | $0.23 | quarterly | 2021-08-27 |
| 2021-05-13 | $0.23 | quarterly | 2021-05-28 |
| 2021-02-11 | $0.23 | quarterly | 2021-02-26 |
| 2020-11-12 | $0.23 | quarterly | 2020-11-27 |
| 2020-08-13 | $0.23 | quarterly | 2020-08-28 |
| 2020-05-14 | $0.23 | quarterly | 2020-05-29 |
| 2020-02-13 | $0.23 | quarterly | 2020-02-28 |
| 2019-11-14 | $0.23 | quarterly | 2019-11-29 |
| 2019-08-14 | $0.23 | quarterly | 2019-08-30 |
| 2019-05-14 | $0.23 | quarterly | 2019-05-31 |
| 2019-02-14 | $0.43 | quarterly | 2019-02-28 |
| 2018-11-14 | $0.21 | quarterly | 2018-11-30 |
| 2018-08-14 | $0.21 | quarterly | 2018-08-31 |
| 2018-05-14 | $0.20 | quarterly | 2018-05-31 |
| 2018-02-14 | $0.20 | quarterly | 2018-02-28 |
| 2017-12-07 | $0.15 | quarterly | 2017-12-22 |
| 2017-11-14 | $0.20 | quarterly | 2017-11-30 |
| 2017-08-11 | $0.20 | quarterly | 2017-08-31 |
| 2017-05-11 | $0.19 | quarterly | 2017-05-31 |
| 2017-02-13 | $0.19 | quarterly | 2017-02-28 |
| 2016-11-10 | $0.18 | quarterly | 2016-11-30 |
| 2016-08-11 | $0.18 | quarterly | 2016-08-31 |
| 2016-05-11 | $0.18 | quarterly | 2016-05-31 |
| 2016-02-10 | $0.17 | quarterly | 2016-02-26 |
| 2015-11-10 | $0.17 | quarterly | 2015-11-27 |
| 2015-08-12 | $0.16 | quarterly | 2015-08-28 |
| 2015-05-13 | $0.16 | quarterly | 2015-05-29 |
| 2015-02-11 | $0.16 | quarterly | 2015-02-27 |
| 2014-11-12 | $0.15 | quarterly | 2014-11-28 |
| 2014-08-13 | $0.15 | quarterly | 2014-08-29 |
| 2014-05-13 | $0.15 | quarterly | 2014-05-30 |
| 2014-02-12 | $0.15 | quarterly | 2014-02-28 |
| 2013-11-13 | $0.15 | quarterly | 2013-11-29 |
| 2013-08-13 | $0.14 | quarterly | 2013-08-30 |
| 2013-05-13 | $0.14 | quarterly | 2013-05-31 |
| 2013-02-13 | $0.13 | quarterly | 2013-02-28 |
Provident Financial Services Dividend per year
Provident Financial Services Dividend growth
Provident Financial Services Dividend Yield
Provident Financial Services current trailing twelve-month (TTM) dividend yield is 5.35%. Interested in purchasing Provident Financial Services stock? Use our calculator to estimate your expected dividend yield:
Provident Financial Services Financial Ratios
P/E ratio24.14
PEG ratio1.32
P/B ratio0.72
ROE4.04%
Payout ratio95.32%
Current ratio0.03
Quick ratio0.01
Cash Ratio0.02
Provident Financial Services Dividend FAQ
How much is the next Provident Financial Services dividend?
Provident Financial Services's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Provident Financial Services dividend. The next Provident Financial Services dividend will be released in February, May, August, or November.
When is Provident Financial Services dividend paid?
Provident Financial Services pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, August, and November. 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 Provident Financial Services pay?
The specific amount of Provident Financial Services 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 Provident Financial Services's dividend history.
Does Provident Financial Services stock pay dividends?
Yes, Provident Financial Services 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 Provident Financial Services's dividend history.
How much dividend does Provident Financial Services pay?
Provident Financial Services paid $0.72 in 2024, $0.96 in 2023, $0.96 in 2022, $0.93 in 2021, and $0.92 in 2020.
How often does Provident Financial Services pay dividends?
Provident Financial Services 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 February, May, August, and November.
What is Provident Financial Services's dividend yield?
The current dividend yield for Provident Financial Services is 5.35%. 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 Provident Financial Services's exact dividend yield.
When does Provident Financial Services go ex dividend?
Provident Financial Services's ex-dividend date for the latest dividend was on 2024-08-16. Provident Financial Services 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 Provident Financial Services dividend paid?
Provident Financial Services pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Provident Financial Services 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 Provident Financial Services 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 Provident Financial Services dividend per share?
Provident Financial Services paid $0.72 per share in 2024 and $0.96 per share in 2023. The amount of dividend per share that Provident Financial Services 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 Provident Financial Services 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 Provident Financial Services 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 Provident Financial Services a dividend stock?
Yes, Provident Financial Services is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Provident Financial Services a good dividend stock?
Whether Provident Financial Services is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Provident Financial Services has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Provident 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.
Other factors to consider when evaluating Provident 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.
Does Provident Financial Services pay dividends monthly?
Provident Financial Services typically pays dividends on a quarterly basis.
Does Provident Financial Services pay dividends quarterly?
Provident Financial Services currently pays dividends on a quarterly basis.
Has Provident Financial Services ever paid a dividend?
Yes, Provident Financial Services has a history of paying dividends to its shareholders. Provident Financial Services is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Provident Financial Services dividend stocks?
To buy Provident Financial Services 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 Provident Financial Services 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 Provident Financial Services 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 Provident Financial Services pay dividends 2024?
Provident Financial Services pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-30. 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 Provident Financial Services increase its dividend in 2024?
Decisions regarding Provident Financial Services 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 Provident Financial Services dividend overview you can look into the above table of dividend history.
How Provident Financial Services dividend works?
The Provident Financial Services 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 Provident Financial Services's dividend process works:
1. Determination of Dividend: Provident 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, Provident 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, Provident 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 Provident 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. Determination of Dividend: Provident 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, Provident 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, Provident 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 Provident 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.
How are Provident Financial Services dividends paid?
Provident Financial Services dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Provident 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, Provident 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: Provident 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.
1. Record Date: Provident 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, Provident 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: Provident 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.
How many times does Provident Financial Services pay dividends?
Provident Financial Services 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 Provident Financial Services pay dividends?
The general pattern is that Provident Financial Services pays dividends around February, May, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Provident Financial Services dividend safe?
The safety of Provident Financial Services'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 Provident 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 Provident 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.
To assess the safety of Provident 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 Provident 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.