Eastern Bankshares, Inc. (EBC) to Issue Quarterly Dividend of $0.13 on December 15th

Eastern Bankshares, Inc. (NASDAQ:EBC) announced a quarterly dividend on Thursday, October 23rd. Stockholders of record on Wednesday, December 3rd will be paid a dividend of 0.13 per share on Monday, December 15th. This represents a c) annualized dividend and a dividend yield of 2.8%. The ex-dividend date is Wednesday, December 3rd.

Eastern Bankshares has a payout ratio of 27.1% meaning its dividend is sufficiently covered by earnings. Analysts expect Eastern Bankshares to earn $1.72 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 30.2%.

Eastern Bankshares Trading Down 1.1%

EBC opened at $18.84 on Monday. The stock has a 50-day moving average of $17.98 and a 200 day moving average of $16.58. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.01. Eastern Bankshares has a 12 month low of $13.51 and a 12 month high of $19.31. The firm has a market cap of $3.97 billion, a P/E ratio of 75.34 and a beta of 0.95.

Eastern Bankshares (NASDAQ:EBC) last posted its quarterly earnings data on Tuesday, November 12th. The company reported $0.32 earnings per share (EPS) for the quarter. The business had revenue of $162.26 million during the quarter. Eastern Bankshares had a return on equity of 7.94% and a net margin of 4.97%. As a group, research analysts forecast that Eastern Bankshares will post 1.49 EPS for the current year.

Eastern Bankshares Company Profile

Eastern Bankshares, Inc operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts.