Eastern Bankshares Dividends and Buybacks
Dividend criteria checks 3/6
Eastern Bankshares is a dividend paying company with a current yield of 2.55% that is well covered by earnings. Next payment date is on 16th December, 2024 with an ex-dividend date of 3rd December, 2024.
Key information
2.5%
Dividend yield
0.3%
Buyback Yield
| Total Shareholder Yield | 2.9% |
| Future Dividend Yield | 2.7% |
| Dividend Growth | 20.5% |
| Next dividend pay date | 16 Dec 24 |
| Ex dividend date | 03 Dec 24 |
| Dividend per share | US$0.480 |
| Payout ratio | 84% |
Recent dividend and buyback updates
Recent updates
Bolstered By M&A, Eastern Bankshares Still Offers Compelling Long-Term Value
Sep 24Eastern Bankshares (NASDAQ:EBC) Is Due To Pay A Dividend Of $0.11
Jan 30
Eastern Bankshares (NASDAQ:EBC) Is Increasing Its Dividend To $0.11
Nov 21Eastern Bankshares (NASDAQ:EBC) Has Affirmed Its Dividend Of $0.11
Oct 31Eastern Bankshares (NASDAQ:EBC) Will Pay A Dividend Of $0.10
Aug 30Eastern Bankshares (NASDAQ:EBC) Has Affirmed Its Dividend Of $0.10
Aug 01Eastern Bankshares (NASDAQ:EBC) Has Announced A Dividend Of $0.10
May 02News Flash: 5 Analysts Think Eastern Bankshares, Inc. (NASDAQ:EBC) Earnings Are Under Threat
Feb 01Eastern Bankshares announces new share repurchase plan
Sep 07Eastern Bankshares: Earnings To Continue Full Steam Ahead, But Stock Is Pricey
Aug 11Revenue Beat: Eastern Bankshares, Inc. Exceeded Revenue Forecasts By 9.5% And Analysts Are Updating Their Estimates
Aug 02We Ran A Stock Scan For Earnings Growth And Eastern Bankshares (NASDAQ:EBC) Passed With Ease
Jul 21Eastern Bankshares: Rosy Earnings Outlook Appears Priced-In
May 28Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: Whilst dividend payments have been stable, EBC has been paying a dividend for less than 10 years.
Growing Dividend: EBC's dividend payments have increased, but the company has only paid a dividend for 4 years.
Dividend Yield vs Market
| Eastern Bankshares Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (EBC) | 2.5% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Banks) | 2.5% |
| Analyst forecast (EBC) (up to 3 years) | 2.7% |
Notable Dividend: EBC's dividend (2.55%) is higher than the bottom 25% of dividend payers in the US market (1.37%).
High Dividend: EBC's dividend (2.55%) is low compared to the top 25% of dividend payers in the US market (4.21%).
Current Payout to Shareholders
Earnings Coverage: At its current payout ratio (83.5%), EBC's payments are covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: EBC's dividends in 3 years are forecast to be well covered by earnings (35.2% payout ratio).