Sound Financial Bancorp, Inc. operates as the bank holding company for Sound Community Bank that provides banking and other financial services for consumers and businesses. It accepts various deposits products comprising savings, money market deposit, NOW, and demand accounts, as well as certificates of deposit. The company also offers loans secured by first and second mortgages on one-to four-family residences; home equity loans, including fixed-rate loans and variable-rate lines of credit; commercial and multifamily real estate loans; construction loans secured by single-family residences, and commercial and multifamily real estate; land loans; commercial business loans to finance commercial vehicles and equipment, as well as loans secured by accounts receivable and/or inventory; and secured and unsecured consumer loans, such as new and used manufactured homes, floating homes, automobiles, boats, and recreational vehicle loans, and loans secured by deposit accounts. It operates eight branch offices, including four branches in Seattle Metropolitan Statistical Area, three branches in Clallam County, and one branch in Jefferson County; and a loan production office in the Madison Park neighborhood of Seattle. The company was founded in 1953 and is headquartered in Seattle, Washington.
Sound Financial Bancorp Dividend Announcement
• Sound Financial Bancorp announced a quarterly dividend of $0.19 per ordinary share which will be made payable on 2024-11-26. Ex dividend date: 2024-11-12
• Sound Financial Bancorp annual dividend for 2024 was $0.76
• Sound Financial Bancorp annual dividend for 2023 was $0.74
• Sound Financial Bancorp's trailing twelve-month (TTM) dividend yield is 1.42%
• Sound Financial Bancorp's payout ratio for the trailing twelve months (TTM) is 49.59%
• Sound Financial Bancorp's dividend growth over the last five years (2018-2023) was 6.50% year
• Sound Financial Bancorp's dividend growth over the last ten years (2013-2023) was 17.30% year
Sound Financial Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-12 | $0.19 | quarterly | 2024-11-26 |
2024-08-09 | $0.19 | quarterly | 2024-08-23 |
2024-05-07 | $0.19 | quarterly | 2024-05-22 |
2024-02-06 | $0.19 | quarterly | 2024-02-21 |
2023-11-07 | $0.19 | quarterly | 2023-11-22 |
2023-08-08 | $0.19 | quarterly | 2023-08-23 |
2023-05-09 | $0.19 | quarterly | 2023-05-24 |
2023-02-08 | $0.17 | quarterly | 2023-02-23 |
2022-11-08 | $0.17 | quarterly | 2022-11-23 |
2022-08-08 | $0.17 | quarterly | 2022-08-23 |
2022-05-09 | $0.17 | quarterly | 2022-05-24 |
2022-02-09 | $0.27 | quarterly | 2022-02-24 |
2021-11-09 | $0.17 | quarterly | 2021-11-24 |
2021-08-09 | $0.17 | quarterly | 2021-08-24 |
2021-05-07 | $0.17 | quarterly | 2021-05-24 |
2021-02-09 | $0.27 | quarterly | 2021-02-24 |
2020-11-09 | $0.15 | quarterly | 2020-11-24 |
2020-08-04 | $0.15 | quarterly | 2020-08-19 |
2020-05-07 | $0.15 | quarterly | 2020-05-22 |
2020-02-07 | $0.35 | quarterly | 2020-02-24 |
2019-11-06 | $0.14 | quarterly | 2019-11-21 |
2019-08-07 | $0.14 | quarterly | 2019-08-22 |
2019-05-08 | $0.14 | quarterly | 2019-05-23 |
2019-02-07 | $0.14 | quarterly | 2019-02-22 |
2018-11-06 | $0.14 | quarterly | 2018-11-21 |
2018-08-09 | $0.14 | quarterly | 2018-08-24 |
2018-05-09 | $0.14 | quarterly | 2018-05-25 |
2018-02-09 | $0.12 | quarterly | 2018-02-26 |
2017-11-09 | $0.10 | quarterly | 2017-11-24 |
2017-08-09 | $0.30 | quarterly | 2017-08-25 |
2017-05-10 | $0.10 | quarterly | 2017-05-26 |
2017-02-09 | $0.10 | quarterly | 2017-02-27 |
2016-11-08 | $0.07 | quarterly | 2016-11-25 |
2016-08-10 | $0.07 | quarterly | 2016-08-26 |
2016-05-06 | $0.07 | quarterly | 2016-05-26 |
2016-02-08 | $0.07 | quarterly | 2016-02-26 |
2015-11-06 | $0.06 | quarterly | 2015-11-24 |
2015-08-10 | $0.06 | quarterly | 2015-08-26 |
2015-05-08 | $0.06 | quarterly | 2015-05-26 |
2015-02-10 | $0.05 | quarterly | 2015-02-26 |
2014-11-07 | $0.05 | quarterly | 2014-11-26 |
2014-08-11 | $0.05 | quarterly | 2014-08-27 |
2014-05-09 | $0.05 | quarterly | 2014-05-27 |
2014-02-11 | $0.05 | quarterly | 2014-02-27 |
2013-11-08 | $0.05 | quarterly | 2013-11-27 |
2013-08-09 | $0.05 | quarterly | 2013-08-27 |
2013-05-09 | $0.05 | quarterly | 2013-05-28 |
Sound Financial Bancorp Dividend per year
Sound Financial Bancorp Dividend growth
Sound Financial Bancorp Dividend Yield
Sound Financial Bancorp current trailing twelve-month (TTM) dividend yield is 1.42%. Interested in purchasing Sound Financial Bancorp stock? Use our calculator to estimate your expected dividend yield:
Sound Financial Bancorp Financial Ratios
Sound Financial Bancorp Dividend FAQ
Other factors to consider when evaluating Sound Financial 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: Sound Financial 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, Sound Financial 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, Sound Financial 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 Sound Financial 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: Sound Financial 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, Sound Financial 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: Sound Financial 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 Sound Financial 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 Sound Financial 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.