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Stock impact report

Prosperity Bancshares' (NYSE:PB) Dividend Will Be Increased To $0.58 [Yahoo! Finance]

Prosperity Bancshares, Inc. (PB) 
Last prosperity bancshares, inc. earnings: 4/29 06:30 am Check Earnings Report
US:NYSE Investor Relations: prosperitybankusa.com/press.aspx
Company Research Source: Yahoo! Finance
NYSE:PB ) has announced that it will be increasing its dividend by 3.6% on the 2nd of January to $0.58, up from last year's comparable payment of $0.56. This takes the annual payment to 3.1% of the current stock price, which is about average for the industry. Prosperity Bancshares' Dividend Forecasted To Be Well Covered By Earnings We like a dividend to be consistent over the long term, so checking whether it is sustainable is important. Having distributed dividends for at least 10 years, Prosperity Bancshares has a long history of paying out a part of its earnings to shareholders. Taking data from its last earnings report, calculating for the company's payout ratio shows 49%, which means that Prosperity Bancshares would be able to pay its last dividend without pressure on the balance sheet. Over the next 3 years, EPS is forecast to expand by 39.9%. The future payout ratio could be 38% over that time period, according to analyst estimates, which is a good look for the future o Show less Read more
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