NBT Bancorp Inc. (NASDAQ:NBTB) Shareholders Set to Receive $0.40 Quarterly Dividend

NBT Bancorp Inc. (NASDAQ:NBTB) announced a quarterly dividend on Tuesday, October 27th. Stockholders of record on Tuesday, December 1st will be paid a dividend of $0.40 per share by the bank on Tuesday, December 15th. This represents a $1.60 annualized dividend and a dividend yield of 3.1%. The ex-dividend date of this dividend is Tuesday, December 1st.

NBT Bancorp has increased its dividend payment by an average of 0.1% per year over the last three years and has increased its dividend annually for the last 12 consecutive years. NBT Bancorp has a payout ratio of 37.8% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect NBT Bancorp to earn $4.55 per share next year, which means the company should continue to be able to cover its $1.60 annual dividend with an expected future payout ratio of 35.2%.

NBT Bancorp Trading Down 0.9%

NBT Bancorp stock traded down $0.48 during mid-day trading on Wednesday, hitting $52.41. 13,455 shares of the company’s stock were exchanged, compared to its average volume of 296,306. NBT Bancorp has a 1-year low of $39.44 and a 1-year high of $54.50. The stock has a 50 day moving average of $51.34 and a two-hundred day moving average of $47.54.

NBT Bancorp (NASDAQ:NBTB) last released its quarterly earnings results on Tuesday, October 27th. The bank reported $1.11 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.02. The firm had revenue of $195.03 million during the quarter, compared to analyst estimates of $193.83 million. On average, analysts forecast that NBT Bancorp will post 4.17 earnings per share for the current fiscal year.

NBT Bancorp Company Profile

NBT Bancorp Inc is the bank holding company for NBT Bank, a community banking institution headquartered in Norwich, New York. Through NBT Bank and its subsidiaries, the company provides banking, lending, investment, insurance and financial services to consumers, businesses, nonprofit organizations and municipalities.

NBT Bank offers checking and savings accounts, certificates of deposit, residential and commercial mortgages, consumer loans, business lending, cash-management services and agricultural financing.