Published on 31 Mar 2024 on Simply Wall St. via Yahoo Finance

Parke Bancorp, Inc. (NASDAQ:PKBK) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Parke Bancorp, Inc. (NASDAQ:PKBK) is about to go ex-dividend in just 3 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Meaning, you will need to purchase Parke Bancorp's shares before the 4th of April to receive the dividend, which will be paid on the 19th of April.

The company's next dividend payment will be US$0.18 per share, and in the last 12 months, the company paid a total of US$0.72 per share. Looking at the last 12 months of distributions, Parke Bancorp has a trailing yield of approximately 4.2% on its current stock price of US$17.225. If you buy this business for its dividend, you should have an idea of whether Parke Bancorp's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.

See our latest analysis for Parke Bancorp