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Texas Community Bancshares, Inc. operates as the bank holding company for Mineola Community Bank, S.S.B. that provides loans and banking services to consumers and commercial customers in Mineola, Texas and the surrounding area, and the Dallas Fort Worth Metroplex. It generates a selection of deposit accounts, including savings accounts, checking accounts, certificates of deposit, and individual retirement accounts. The company also originates primarily one- to four-family residential mortgage loans, commercial real estate loans, and construction and land loans; and car, boat, share, unsecured loans, etc., as well as agricultural loans, commercial loans, and consumer and other loans. In addition, it invests in securities; and offers sweep account, safe deposit boxes, cards, online banking, and mobile banking services. The company was founded in 1934 and is headquartered in Mineola, Texas.

Texas Community Bancshares Dividend Announcement

• Texas Community Bancshares announced a quarterly dividend of $0.04 per ordinary share which will be made payable on 2024-09-26. Ex dividend date: 2024-09-12
• Texas Community Bancshares annual dividend for 2024 was $0.12
• Texas Community Bancshares annual dividend for 2023 was $0.11
• Texas Community Bancshares's trailing twelve-month (TTM) dividend yield is 1.01%
• Texas Community Bancshares's payout ratio for the trailing twelve months (TTM) is -20.56%

Texas Community Bancshares Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-12$0.04quarterly2024-09-26
2024-06-14$0.04quarterly2024-06-28
2024-03-13$0.04quarterly2024-03-28
2023-12-07$0.03quarterly2023-12-28
2023-09-07$0.03quarterly2023-09-25
2023-06-08$0.03quarterly2023-06-26
2023-03-09$0.02quarterly2023-03-24

Texas Community Bancshares Dividend per year

Texas Community Bancshares Dividend Yield

Texas Community Bancshares current trailing twelve-month (TTM) dividend yield is 1.01%. Interested in purchasing Texas Community Bancshares stock? Use our calculator to estimate your expected dividend yield:

Texas Community Bancshares Financial Ratios

P/E ratio-19.92
PEG ratio-0.87
P/B ratio0.85
ROE-4.21%
Payout ratio-20.56%
Current ratio0.98
Quick ratio9.49
Cash Ratio0.34

Texas Community Bancshares Dividend FAQ

Does Texas Community Bancshares stock pay dividends?
Texas Community Bancshares does not currently pay dividends to its shareholders.
Has Texas Community Bancshares ever paid a dividend?
No, Texas Community Bancshares has no a history of paying dividends to its shareholders. Texas Community Bancshares is not known for its dividend payments.
Why doesn't Texas Community Bancshares pay dividends?
There are several potential reasons why Texas Community Bancshares would choose not to pay dividends to their shareholders:

1. Growth opportunities: Companies, especially in fast-growing industries like technology, reinvest earnings into expansion, R&D, or acquisitions to fuel future growth and increase company value.

2. Tax implications: Not paying dividends can reduce the tax burden on shareholders, who may prefer to defer taxes until selling shares and realizing capital gains.

3. Investor preferences: Some investors prefer companies to reinvest profits for higher long-term returns, particularly those seeking capital appreciation over income.

4. Capital allocation priorities: Companies may allocate cash to pay down debt, fund share buybacks, or invest in projects with higher returns than dividends.

5. Market expectations: In certain sectors, like technology, reinvesting profits for growth and innovation is often prioritized over distributing dividends to shareholders.
Will Texas Community Bancshares ever pay a dividend?
The decision for a company to pay dividends depends on various factors including its financial performance, growth prospects, capital allocation priorities, and shareholder preferences. While Texas Community Bancshares has not paid dividends historically and has instead focused on reinvesting its earnings for growth, it's ultimately up to the company's management and board of directors to decide whether to initiate a dividend policy in the future.
Is Texas Community Bancshares a dividend aristocrat?
Texas Community Bancshares is not considered a Dividend Aristocrat. 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 Texas Community Bancshares a dividend king?
Texas Community Bancshares is not classified as a "Dividend King". 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 Texas Community Bancshares a dividend stock?
No, Texas Community Bancshares is not considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
How to buy Texas Community Bancshares stocks?
To buy Texas Community Bancshares 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 and account minimums.

Place an order: Use the brokerage's trading platform to place an order to buy Texas Community Bancshares 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.