3 Days Left To BOK Financial Corporation (NASDAQ:BOKF)’s Ex-Dividend Date, Is It Worth Buying?
On the 25 May 2018, BOK Financial Corporation (NASDAQ:BOKF) will be paying shareholders an upcoming dividend amount of $0.45 per share. However, investors must have bought the company’s stock before 10 May 2018 in order to qualify for the payment. That means you have only 3 days left! What does this mean for current shareholders and potential investors? Below, I will explain how holding BOK Financial can impact your portfolio income stream, by analysing the stock’s most recent financial data and dividend attributes. View our latest analysis for BOK Financial
5 questions I ask before picking a dividend stock
If you are a dividend investor, you should always assess these five key metrics:
Is its annual yield among the top 25% of dividend-paying companies?
Has its dividend been stable over the past (i.e. no missed payments or significant payout cuts)?
Has it increased its dividend per share amount over the past?
Can it afford to pay the current rate of dividends from its earnings?
Will it have the ability to keep paying its dividends going forward?
How does BOK Financial fare?
The current trailing twelve-month payout ratio for the stock is 33.29%, meaning the dividend is sufficiently covered by earnings. However, going forward, analysts expect BOKF’s payout to fall to 29.49% of its earnings, which leads to a dividend yield of around 1.88%. However, EPS should increase to $6.77, meaning that the lower payout ratio does not necessarily implicate a lower dividend payment. If there is one thing that you want to be reliable in your life, it’s dividend stocks and their constant income stream. In the case of BOKF it has increased its DPS from $0.9 to $1.8 in the past 10 years. During this period it has not missed a payment, as one would expect for a company increasing its dividend. These are all positive signs of a great, reliable dividend stock. Compared to its peers, BOK Financial produces a yield of 1.78%, which is on the low-side for Banks stocks.
Next Steps:
With this in mind, I definitely rank BOK Financial as a strong dividend stock, and makes it worth further research for anyone who likes steady income generation from their portfolio. Given that this is purely a dividend analysis, I recommend taking sufficient time to understand its core business and determine whether the company and its investment properties suit your overall goals. Below, I’ve compiled three important aspects you should look at:
Future Outlook: What are well-informed industry analysts predicting for BOKF’s future growth? Take a look at our free research report of analyst consensus for BOKF’s outlook.
Valuation: What is BOKF worth today? Even if the stock is a cash cow, it’s not worth an infinite price. The intrinsic value infographic in our free research report helps visualize whether BOKF is currently mispriced by the market.
Other Dividend Rockstars: Are there better dividend payers with stronger fundamentals out there? Check out our free list of these great stocks here.
To help readers see pass the short term volatility of the financial market, we aim to bring you a long-term focused research analysis purely driven by fundamental data. Note that our analysis does not factor in the latest price sensitive company announcements.
The author is an independent contributor and at the time of publication had no position in the stocks mentioned.
