Enterprise Bancorp, Inc. (NASDAQ:EBTC) Declares Quarterly Dividend of $0.24

Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Monday, November 11th will be paid a dividend of 0.24 per share by the savings and loans company on Monday, December 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.86%. The ex-dividend date is Friday, November 8th.

Enterprise Bancorp has raised its dividend by an average of 9.5% annually over the last three years and has raised its dividend annually for the last 6 consecutive years.

Enterprise Bancorp Price Performance

Shares of NASDAQ EBTC opened at $33.54 on Thursday. The firm has a market capitalization of $415.06 million, a PE ratio of 11.53 and a beta of 0.53. Enterprise Bancorp has a fifty-two week low of $22.60 and a fifty-two week high of $34.10. The stock’s 50-day simple moving average is $30.55 and its 200-day simple moving average is $27.02. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.92.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.77 EPS for the quarter. The company had revenue of $41.79 million for the quarter. Enterprise Bancorp had a return on equity of 10.94% and a net margin of 14.99%.

About Enterprise Bancorp

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that engages in the provision of commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit.