Live Oak Bancshares, Inc. (NYSE:LOB – Get Free Report) announced a quarterly dividend on Tuesday, August 18th. Investors of record on Tuesday, September 1st will be given a dividend of 0.03 per share on Tuesday, September 15th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, September 1st.
Live Oak Bancshares has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Live Oak Bancshares to earn $4.19 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 2.9%.
Live Oak Bancshares Stock Up 0.5%
NYSE:LOB opened at $40.16 on Friday. The firm has a market capitalization of $1.86 billion, a PE ratio of 14.14 and a beta of 1.87. Live Oak Bancshares has a 12-month low of $29.36 and a 12-month high of $44.53. The firm has a 50-day moving average price of $41.69 and a 200 day moving average price of $38.36.
About Live Oak Bancshares
Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.
The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.
Further Reading
- Five stocks we like better than Live Oak Bancshares
- From SaaS-pocalypse to Perfect Storm: Workday’s AI Growth Story Strengthens
- These 3 GARP Stocks Show Why Growth and Value Do Not Have to Clash
- Venture Into High-Volatility Corners of the Market With These 3 ETFs
- 3 Retail Stocks to Watch After a Big Consumer Earnings Week
Receive News & Ratings for Live Oak Bancshares Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Live Oak Bancshares and related companies with MarketBeat.com's FREE daily email newsletter.
