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Burke & Herbert Financial Services Corp. has announced that its shares will begin ex-dividend trading in four days, according to a statement made today. Investors interested in qualifying for the upcoming dividend need to purchase shares before November 14th.
The company has declared a next dividend of $0.53 per share, which will be paid out on December 1st. This contributes to a yearly total of $2.12 per share in dividends. Based on the current share price of $44.89, the trailing yield is approximately 4.7%.
For long-term investors, consistent dividend payouts are a key factor for investment returns. Burke & Herbert’s payout ratio last year was 76%, a level that is sustainable but could limit business reinvestment and potentially make the dividend vulnerable during market downturns.
Despite these concerns, Burke & Herbert has shown a steady annual earnings growth of 2.8% over the past five years. This growth rate signals the company’s ability to maintain its dividend payments, even in difficult market conditions.
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