ConnectOne Bancorp, Inc. (CNOB) to Distribute Quarterly Dividend of $0.20 on December 1st

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) announced a quarterly dividend on Thursday, October 22nd. Shareholders of record on Friday, November 13th will be given a dividend of $0.1950 per share by the financial services provider on Tuesday, December 1st. This represents a $0.78 dividend on an annualized basis and a yield of 2.4%. The ex-dividend date of this dividend is Friday, November 13th.

ConnectOne Bancorp has raised its dividend by an average of 0.1% annually over the last three years and has increased its dividend annually for the last 4 consecutive years. ConnectOne Bancorp has a dividend payout ratio of 24.1% meaning its dividend is sufficiently covered by earnings. Equities analysts expect ConnectOne Bancorp to earn $3.69 per share next year, which means the company should continue to be able to cover its $0.78 annual dividend with an expected future payout ratio of 21.1%.

ConnectOne Bancorp Stock Down 0.4%

ConnectOne Bancorp stock opened at $32.69 on Friday. The firm’s fifty day simple moving average is $31.29 and its 200-day simple moving average is $31.19. The company has a current ratio of 1.04, a quick ratio of 1.04 and a debt-to-equity ratio of 0.61. ConnectOne Bancorp has a 1-year low of $23.20 and a 1-year high of $34.14. The company has a market capitalization of $1.64 billion, a P/E ratio of 9.62 and a beta of 1.08.

ConnectOne Bancorp (NASDAQ:CNOB) last announced its quarterly earnings data on Thursday, October 22nd. The financial services provider reported $0.95 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.10. ConnectOne Bancorp had a net margin of 18.97% and a return on equity of 11.96%. The business had revenue of $127.23 million during the quarter, compared to analyst estimates of $125.36 million. Sell-side analysts forecast that ConnectOne Bancorp will post 3.35 earnings per share for the current fiscal year.

ConnectOne Bancorp Company Profile

ConnectOne Bancorp, Inc is the parent company of ConnectOne Bank, a full-service commercial bank headquartered in Englewood Cliffs, New Jersey. The bank primarily serves businesses, entrepreneurs, professionals, nonprofit organizations and individuals in the New York metropolitan area and surrounding communities.

ConnectOne Bank provides a range of commercial and personal banking products, including checking and savings accounts, certificates of deposit, commercial and industrial loans, commercial real estate financing, construction loans, residential mortgage loans and consumer lending.