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Redwood Capital Bancorp said on March 27, 2023 that its board of directors declared a regular
quarterly dividend of $0.08 per share ($0.32 annualized).
Previously, the company paid $0.08 per share.
Shares must be purchased before the ex-div date of April 21, 2023 to qualify for the dividend.
Shareholders of record as of April 24, 2023
will receive the payment on May 9, 2023.
At the current share price of $17.50 / share,
the stock’s dividend yield is 1.83%.
Looking back five years and taking a sample every week, the average dividend yield has been
1.67%,
the lowest has been 1.22%,
and the highest has been 2.52%.
The standard deviation of yields is 0.35 (n=193).
The current dividend yield is
0.46 standard deviations
above
the historical average.
Additionally, the company’s dividend payout ratio is 0.12.
The payout ratio tells us how much of a company’s income is paid out in dividends. A payout ratio of one (1.0)
means 100% of the company’s income is paid in a dividend.
A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend – not a
healthy situation.
Companies with few growth prospects are expected to pay out most of their income in dividends, which typically
means a payout ratio between 0.5 and 1.0.
Companies with good growth prospects are expected to retain some earnings in order to invest
in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company’s 3-Year dividend growth rate is 0.14%,
demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 1 funds or institutions reporting positions in Redwood Capital Bancorp.
This is unchanged over the last quarter.
Average portfolio weight of all funds dedicated to RWCB is 0.00%,
a decrease
of 99.90%.
Total shares owned by institutions decreased
in the last three months by 0.00% to 177K shares.
What are Large Shareholders Doing?
Siena Capital Partners GP
holds 177K shares
representing 8.93% ownership of the company.
No change in the last quarter.
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
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