Avidia Bancorp, Inc. (NYSE:AVBC) Increases Dividend to $0.06 Per Share

Avidia Bancorp, Inc. (NYSE:AVBC) announced a quarterly dividend on Thursday, July 23rd. Investors of record on Tuesday, August 18th will be given a dividend of 0.06 per share on Thursday, August 27th. This represents a c) annualized dividend and a dividend yield of 1.2%. The ex-dividend date of this dividend is Tuesday, August 18th. This is a 20.0% increase from Avidia Bancorp’s previous quarterly dividend of $0.05.

Avidia Bancorp Stock Performance

Shares of AVBC opened at $20.30 on Friday. Avidia Bancorp has a 52-week low of $14.00 and a 52-week high of $21.64. The firm has a fifty day simple moving average of $19.94. The company has a debt-to-equity ratio of 0.61, a quick ratio of 1.08 and a current ratio of 1.08. The company has a market cap of $407.64 million and a price-to-earnings ratio of 36.25.

Avidia Bancorp (NYSE:AVBC) last released its quarterly earnings data on Thursday, July 23rd. The company reported $0.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.34 by $0.05. Avidia Bancorp had a net margin of 9.47% and a return on equity of 4.31%. As a group, research analysts forecast that Avidia Bancorp will post 1.31 EPS for the current fiscal year.

Avidia Bancorp Company Profile

Avidia Bancorp is the bank holding company for Avidia Bank, a community-focused financial institution headquartered in Hudson, Massachusetts. Through its banking subsidiary, the company offers a range of commercial and retail banking services designed to meet the needs of individuals, families and small- to mid-sized businesses in the communities it serves.

Core products and services include personal and business deposit accounts, consumer and commercial lending, residential mortgage and home equity financing, and cash management and payment solutions for businesses.