Burke & Herbert Financial Services said on April 27, 2023 that its Board of Directors declared regular quarterly dividend $0.53 per share ($2.12 annualized). Previously, the company paid $0.53 per share.
Shares must have been purchased before the ex-split date of May 12, 2023, to qualify for the dividend. Shareholders of record through May 15, 2023 will receive the payment on June 1, 2023.
At the current share price of $79.95/share, the stock’s dividend yield is 2.65%.
Looking back five years and taking one sample each week, the average dividend yield has been 3.61%, the lowest 2.53%, and the highest 5.13%. The standard deviation of the yield is 0.79 (n=169).
The current dividend yield is 1.22 standard deviations below the historical average.
The company’s 3-year dividend growth rate is 0.06%, indicating that it has increased its dividend over time.
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What is Fund Sentiment?
there are 4 fund or institution reporting positions at Burke & Herbert Financial Services. This is a decrease of 2 owners or 33.33% over the previous quarter. average portfolio weight of all funds 0.97% dedicated to BHRB, a shortfall of 16.13%. The total shares owned by the institutions decreased by 14.01% to 10K shares in the last three months.
What are the other shareholders doing?
PRSVX – T. Rowe Price Small-Cap Value Fund Holds 9K shares. No change from last quarter.
USPVX – Union Street Partners Value Fund Shares Holds 1K shares. No change from last quarter.
WMMAX – Teton Westwood Mighty Mightys Fund holds 0K shares. No change from last quarter.
Northern Funds – Northern Small Cap Core Fund Class K holds 0K shares. No change from last quarter.
This story originally appeared on Fintail,
The views and opinions expressed here are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.