Live Oak Bancshares, Inc. (LOB) to Issue Quarterly Dividend of $0.03 on September 15th

Live Oak Bancshares, Inc. (NYSE:LOBGet 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.

Live Oak Bancshares (NYSE:LOBGet Free Report) last released its quarterly earnings data on Wednesday, July 22nd. The company reported $0.74 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.10. Live Oak Bancshares had a return on equity of 11.77% and a net margin of 12.68%.The company had revenue of $156.15 million for the quarter. On average, research analysts expect that Live Oak Bancshares will post 3.07 EPS for the current year.

About Live Oak Bancshares

(Get Free Report)

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

Dividend History for Live Oak Bancshares (NYSE:LOB)

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