Western New England Bancorp, Inc. operates as the holding company for Westfield Bank that provides a range of commercial and retail banking products and services to individuals and businesses. The company accepts various deposit accounts, including checking, business and municipal savings, money market and sweep, individual retirement, and other savings accounts; time deposits; certificates of deposit; and interest on lawyers trust accounts. It also offers residential and commercial real estate, commercial construction, working capital, equipment financing and term, home equity, and consumer loans; commercial and industrial loans, such as revolving lines of credit. In addition, the company provides automated teller machine (ATM), telephone and online banking, remote deposit capture, cash management, overdraft and safe deposit facility, and night deposit services. As of December 31, 2021, it operated through a network of 25 banking offices, 23 free-standing ATMs, and 35 seasonal or temporary ATMS located in Agawam, Chicopee, Feeding Hills, East Longmeadow, Holyoke, Huntington, Ludlow, South Hadley, Southwick, Springfield, Ware, West Springfield and Westfield, Massachusetts and Bloomfield, Enfield, Granby, and West Hartford, Connecticut. The company was formerly known as Westfield Financial, Inc. and changed its name to Western New England Bancorp, Inc. in October 2016. Western New England Bancorp, Inc. was founded in 1853 and is headquartered in Westfield, Massachusetts.
Western New England Bancorp Dividend Announcement
• Western New England Bancorp announced a quarterly dividend of $0.07 per ordinary share which will be made payable on 2024-11-21. Ex dividend date: 2024-11-07
• Western New England Bancorp annual dividend for 2024 was $0.28
• Western New England Bancorp annual dividend for 2023 was $0.28
• Western New England Bancorp's trailing twelve-month (TTM) dividend yield is 2.99%
• Western New England Bancorp's payout ratio for the trailing twelve months (TTM) is 54.67%
• Western New England Bancorp's dividend growth over the last five years (2018-2023) was 11.84% year
• Western New England Bancorp's dividend growth over the last ten years (2013-2023) was -0.35% year
Western New England Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-07 | $0.07 | quarterly | 2024-11-21 |
2024-08-07 | $0.07 | quarterly | 2024-08-21 |
2024-05-07 | $0.07 | quarterly | 2024-05-22 |
2024-02-06 | $0.07 | quarterly | 2024-02-21 |
2023-11-07 | $0.07 | quarterly | 2023-11-22 |
2023-08-08 | $0.07 | quarterly | 2023-08-23 |
2023-05-09 | $0.07 | quarterly | 2023-05-24 |
2023-02-07 | $0.07 | quarterly | 2023-02-22 |
2022-11-08 | $0.06 | quarterly | 2022-11-23 |
2022-08-09 | $0.06 | quarterly | 2022-08-24 |
2022-05-10 | $0.06 | quarterly | 2022-05-25 |
2022-02-08 | $0.06 | quarterly | 2022-02-23 |
2021-11-09 | $0.05 | quarterly | 2021-11-24 |
2021-08-10 | $0.05 | quarterly | 2021-08-25 |
2021-05-11 | $0.05 | quarterly | 2021-05-26 |
2021-02-09 | $0.05 | quarterly | 2021-02-24 |
2020-11-09 | $0.05 | quarterly | 2020-11-25 |
2020-08-11 | $0.05 | quarterly | 2020-08-26 |
2020-05-12 | $0.05 | quarterly | 2020-05-27 |
2020-02-11 | $0.05 | quarterly | 2020-02-26 |
2019-11-05 | $0.05 | quarterly | 2019-11-20 |
2019-08-06 | $0.05 | quarterly | 2019-08-21 |
2019-05-07 | $0.05 | quarterly | 2019-05-22 |
2019-02-12 | $0.05 | quarterly | 2019-02-27 |
2018-11-06 | $0.04 | quarterly | 2018-11-21 |
2018-08-07 | $0.04 | quarterly | 2018-08-22 |
2018-05-08 | $0.04 | quarterly | 2018-05-23 |
2018-02-13 | $0.04 | quarterly | 2018-02-28 |
2017-11-07 | $0.03 | quarterly | 2017-11-22 |
2017-08-07 | $0.03 | quarterly | 2017-08-23 |
2017-05-08 | $0.03 | quarterly | 2017-05-24 |
2017-02-14 | $0.03 | quarterly | 2017-03-02 |
2016-11-07 | $0.03 | quarterly | 2016-11-23 |
2016-08-08 | $0.03 | quarterly | 2016-08-24 |
2016-05-12 | $0.03 | quarterly | 2016-05-25 |
2016-02-08 | $0.03 | quarterly | 2016-02-24 |
2015-11-06 | $0.03 | quarterly | 2015-11-25 |
2015-08-10 | $0.03 | quarterly | 2015-08-26 |
2015-05-11 | $0.03 | quarterly | 2015-05-27 |
2015-02-11 | $0.03 | quarterly | 2015-02-27 |
2014-11-07 | $0.03 | quarterly | 2014-11-26 |
2014-08-04 | $0.06 | quarterly | 2014-08-20 |
2014-05-12 | $0.06 | quarterly | 2014-05-28 |
2014-02-04 | $0.06 | quarterly | 2014-02-20 |
2013-11-04 | $0.06 | quarterly | 2013-11-20 |
2013-08-06 | $0.06 | quarterly | 2013-08-22 |
2013-05-13 | $0.11 | quarterly | 2013-05-29 |
2013-02-04 | $0.06 | quarterly | 2013-02-20 |
Western New England Bancorp Dividend per year
Western New England Bancorp Dividend growth
Western New England Bancorp Dividend Yield
Western New England Bancorp current trailing twelve-month (TTM) dividend yield is 2.99%. Interested in purchasing Western New England Bancorp stock? Use our calculator to estimate your expected dividend yield:
Western New England Bancorp Financial Ratios
Western New England Bancorp Dividend FAQ
Other factors to consider when evaluating Western New England 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: Western New England 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, Western New England 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, Western New England 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 Western New England 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: Western New England 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, Western New England 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: Western New England 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 Western New England 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 Western New England 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.