Published on 8 Feb 2024 on Simply Wall St. via Yahoo Finance
Read This Before Considering Sandy Spring Bancorp, Inc. (NASDAQ:SASR) For Its Upcoming US$0.34...
It looks like Sandy Spring Bancorp, Inc. (NASDAQ:SASR) is about to go ex-dividend in the next four days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Thus, you can purchase Sandy Spring Bancorp's shares before the 13th of February in order to receive the dividend, which the company will pay on the 21st of February.
The company's next dividend payment will be US$0.34 per share. Last year, in total, the company distributed US$1.36 to shareholders. Based on the last year's worth of payments, Sandy Spring Bancorp stock has a trailing yield of around 6.0% on the current share price of US$22.68. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether Sandy Spring Bancorp can afford its dividend, and if the dividend could grow.
View our latest analysis for Sandy Spring Bancorp