Burke & Herbert Financial Services Corp. has announced that its shares will begin ex-dividend trading in four days, according to a statement made today. Investors interested in qualifying for the upcoming dividend need to purchase shares before November 14th.
The company has declared a next dividend of $0.53 per share, which will be paid out on December 1st. This contributes to a yearly total of $2.12 per share in dividends. Based on the current share price of $44.89, the trailing yield is approximately 4.7%.
For long-term investors, consistent dividend payouts are a key factor for investment returns. Burke & Herbert's payout ratio last year was 76%, a level that is sustainable but could limit business reinvestment and potentially make the dividend vulnerable during market downturns.
Despite these concerns, Burke & Herbert has shown a steady annual earnings growth of 2.8% over the past five years. This growth rate signals the company's ability to maintain its dividend payments, even in difficult market conditions.
This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.