Provident Financial Holdings, Inc. (PROV) to Issue Quarterly Dividend of $0.14 on June 4th

Provident Financial Holdings, Inc. (NASDAQ:PROV) announced a quarterly dividend on Thursday, April 23rd. Stockholders of record on Thursday, May 14th will be given a dividend of 0.14 per share by the financial services provider on Thursday, June 4th. This represents a c) annualized dividend and a dividend yield of 3.3%. The ex-dividend date is Thursday, May 14th.

Provident Financial has a dividend payout ratio of 39.2% meaning its dividend is sufficiently covered by earnings.

Provident Financial Stock Down 1.1%

PROV stock opened at $16.95 on Tuesday. The firm has a market cap of $105.94 million, a PE ratio of 18.42 and a beta of 0.34. The company has a debt-to-equity ratio of 1.67, a quick ratio of 1.24 and a current ratio of 1.24. The firm’s 50 day moving average price is $16.54 and its 200-day moving average price is $16.07. Provident Financial has a one year low of $14.85 and a one year high of $17.42.

Provident Financial (NASDAQ:PROV) last released its quarterly earnings results on Tuesday, April 28th. The financial services provider reported $0.21 EPS for the quarter, missing the consensus estimate of $0.29 by ($0.08). The firm had revenue of $14.57 million for the quarter, compared to analysts’ expectations of $10.10 million. Provident Financial had a net margin of 10.27% and a return on equity of 4.76%.

Provident Financial Company Profile

Provident Financial Services, Inc (NASDAQ: PROV) is a bank holding company headquartered in Jersey City, New Jersey, that conducts its operations through its wholly owned subsidiary, Provident Bank. With origins dating back to 1839, the company has grown into a full-service financial institution offering a broad spectrum of products and services to individuals, small businesses and commercial clients.

The company’s principal business activities include retail banking, commercial lending, mortgage finance and wealth management.