Published on 28 Dec 2023 on Simply Wall St. via Yahoo Finance
Why You Might Be Interested In Parke Bancorp, Inc. (NASDAQ:PKBK) For Its Upcoming Dividend
Readers hoping to buy Parke Bancorp, Inc. (NASDAQ:PKBK) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. This means that investors who purchase Parke Bancorp's shares on or after the 2nd of January will not receive the dividend, which will be paid on the 17th of January.
The company's next dividend payment will be US$0.18 per share, on the back of last year when the company paid a total of US$0.72 to shareholders. Calculating the last year's worth of payments shows that Parke Bancorp has a trailing yield of 3.5% on the current share price of $20.55. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
View our latest analysis for Parke Bancorp