Provident Financial Holdings, Inc. (NASDAQ:PROV) Plans $0.14 Quarterly Dividend

Provident Financial Holdings, Inc. (NASDAQ:PROVGet Free Report) announced a quarterly dividend on Thursday, July 23rd. Stockholders of record on Thursday, August 13th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, September 3rd. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date of this dividend is Thursday, August 13th.

Provident Financial has a payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings. Analysts expect Provident Financial to earn $1.04 per share next year, which means the company should continue to be able to cover its $0.56 annual dividend with an expected future payout ratio of 53.8%.

Provident Financial Price Performance

NASDAQ PROV opened at $17.21 on Friday. The company has a debt-to-equity ratio of 1.45, a quick ratio of 1.20 and a current ratio of 1.20. The company has a market capitalization of $107.56 million, a P/E ratio of 18.71 and a beta of 0.33. Provident Financial has a one year low of $14.95 and a one year high of $17.42. The stock has a 50 day moving average price of $17.09 and a 200-day moving average price of $16.63.

Provident Financial (NASDAQ:PROVGet Free Report) last announced its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.21 earnings per share for the quarter, missing the consensus estimate of $0.29 by ($0.08). The business had revenue of $14.57 million during the quarter, compared to the consensus estimate of $10.10 million. Provident Financial had a return on equity of 4.77% and a net margin of 10.27%. As a group, equities analysts predict that Provident Financial will post 0.96 EPS for the current fiscal year.

About Provident Financial

(Get Free Report)

Provident Financial Services, Inc (NASDAQ: PROV) is a bank holding company headquartered in Jersey City, New Jersey, that conducts its operations through its wholly owned subsidiary, Provident Bank. With origins dating back to 1839, the company has grown into a full-service financial institution offering a broad spectrum of products and services to individuals, small businesses and commercial clients.

The company’s principal business activities include retail banking, commercial lending, mortgage finance and wealth management.

Further Reading

Dividend History for Provident Financial (NASDAQ:PROV)

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