National Bank Holdings Corporation (NYSE:NBHC) investors should note that the company's stock will trade ex-dividend starting November 22, meaning shares purchased from that date forward will not qualify for the next dividend payment. On December 15, National Bank Holdings is set to distribute a dividend of $0.27 per share.
This upcoming dividend continues the company's consistent practice of rewarding shareholders, with the total distribution over the last year reaching $1.08 per share. This results in a trailing yield of 3.2% when considering the current stock price of $33.47.
The sustainability of National Bank Holdings' dividends is supported by a payout ratio, which stands at a moderate 31% of profit. This indicates that the company retains a substantial portion of its earnings for growth and operational needs while still providing shareholders with a steady income.
Furthermore, the company's potential as a solid dividend stock is underlined by its performance over the past five years. With an impressive earnings growth rate of 44% per annum during this period, National Bank Holdings projects confidence in its future prospects.
Adding to its appeal for dividend investors is the track record of consistent dividend growth over the past decade. National Bank Holdings has increased its dividend at an average annual rate of 18%, showcasing a commitment to delivering shareholder value through regular income alongside capital appreciation.
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