Veritex Holdings, Inc. operates as the bank holding company for Veritex Community Bank that provides various commercial banking products and services to small and medium-sized businesses, and professionals. The company accepts deposit products include demand, savings, money market, and time accounts. Its loan products include commercial real estate and general commercial, mortgage warehouse loans, residential real estate, construction and land, farmland, consumer, paycheck protection program, 1-4 family residential, agricultural, multi-family residential, and consumer loans, as well as purchased receivables financing. The company also provides interest rate swap services; and a range of online banking solutions, such as access to account balances, online transfers, online bill payment and electronic delivery of customer statements, and ATMs, as well as mobile banking, mail, and personal appointment. In addition, it offers debit cards, night depository services, direct deposits, cashier's checks, and letters of credit; treasury management services, including balance reporting, transfers between accounts, wire transfer initiation, automated clearinghouse origination, and stop payments; and cash management deposit products and services consisting of lockbox, remote deposit capture, positive pay, reverse positive pay, account reconciliation services, zero balance accounts, and sweep accounts. As of December 31, 2021, the company operated 18 full-service branches located in the Dallas-Fort Worth metroplex, and 10 full-service branches in the Houston metropolitan area. Veritex Holdings, Inc. was incorporated in 2009 and is headquartered in Dallas, Texas.
Veritex Dividend Announcement
• Veritex announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-11-22. Ex dividend date: 2024-11-08
• Veritex annual dividend for 2024 was $0.80
• Veritex annual dividend for 2023 was $0.80
• Veritex's trailing twelve-month (TTM) dividend yield is 3.02%
• Veritex's payout ratio for the trailing twelve months (TTM) is 50.58%
Veritex Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.20 | quarterly | 2024-11-22 |
2024-08-09 | $0.20 | quarterly | 2024-08-23 |
2024-05-09 | $0.20 | quarterly | 2024-05-24 |
2024-02-08 | $0.20 | quarterly | 2024-02-23 |
2023-11-09 | $0.20 | quarterly | 2023-11-24 |
2023-08-09 | $0.20 | quarterly | 2023-08-25 |
2023-05-10 | $0.20 | quarterly | 2023-05-25 |
2023-02-09 | $0.20 | quarterly | 2023-02-24 |
2022-11-09 | $0.20 | quarterly | 2022-11-25 |
2022-08-11 | $0.20 | quarterly | 2022-08-26 |
2022-05-12 | $0.20 | quarterly | 2022-05-27 |
2022-02-10 | $0.20 | quarterly | 2022-02-25 |
2021-11-09 | $0.20 | quarterly | 2021-11-23 |
2021-08-04 | $0.20 | quarterly | 2021-08-19 |
2021-05-05 | $0.17 | quarterly | 2021-05-20 |
2021-02-03 | $0.17 | quarterly | 2021-02-18 |
2020-11-04 | $0.17 | quarterly | 2020-11-19 |
2020-08-05 | $0.17 | quarterly | 2020-08-20 |
2020-05-06 | $0.17 | quarterly | 2020-05-21 |
2020-02-05 | $0.17 | quarterly | 2020-02-20 |
2019-11-06 | $0.12 | quarterly | 2019-11-21 |
2019-08-07 | $0.12 | quarterly | 2019-08-22 |
2019-05-08 | $0.12 | quarterly | 2019-05-23 |
2019-02-06 | $0.12 | quarterly | 2019-02-21 |
Veritex Dividend per year
Veritex Dividend growth
Veritex Dividend Yield
Veritex current trailing twelve-month (TTM) dividend yield is 3.02%. Interested in purchasing Veritex stock? Use our calculator to estimate your expected dividend yield:
Veritex Financial Ratios
Veritex Dividend FAQ
Other factors to consider when evaluating Veritex 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: Veritex'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, Veritex 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, Veritex 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 Veritex 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: Veritex 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, Veritex distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Veritex 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 Veritex'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 Veritex'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.