Interested In Brookline Bancorp Inc (BRKL)’s Upcoming $0.09 Dividend? You Have 3 Days Left

Asher Wright
Updated
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Investors who want to cash in on Brookline Bancorp Inc’s (NASDAQ:BRKL) upcoming dividend of $0.09 per share have only 3 days left to buy the shares before its ex-dividend date, 02 November 2017, in time for dividends payable on the 17 November 2017. Should you diversify into BRKL and boost your portfolio income stream? Well, keep on reading because today, I’m going to look at the latest data and analyze the stock and its dividend property in further detail. Check out our latest analysis for Brookline Bancorp

Here’s how I find good dividend stocks

When assessing a stock as a potential addition to my dividend Portfolio, I look at these five areas:

  • Is it paying an annual yield above 75% of dividend payers?

  • Does it consistently pay out dividends without missing a payment of significantly cutting payout?

  • Has dividend per share risen in the past couple of years?

  • Can it afford to pay the current rate of dividends from its earnings?

  • Will it be able to continue to payout at the current rate in the future?

NasdaqGS:BRKL Historical Dividend Yield Oct 30th 17
NasdaqGS:BRKL Historical Dividend Yield Oct 30th 17

Does Brookline Bancorp pass our checks?

The current payout ratio for the stock is 46.06%, which means that the dividend is covered by earnings. Looking forward, analysts expect BRKL to pay out 37.12% of its earnings and dividends yield to be around 2.27%. Moreover, EPS should increase to $0.88. This means the company should be able to continue to payout dividends. If dividend is a key criteria in your investment consideration, then you need to make sure the dividend stock you’re eyeing out is reliable in its payments. Dividend payments from Brookline Bancorp have been volatile in the past 10 years, with some years experiencing significant drops of over 25%. This means that dividend hunters should probably steer clear of the stock, at least for now until the track record improves. Compared to its peers, BRKL generates a yield of 2.27%, which is on the low-side for a banks stock.

What this means for you:

Are you a shareholder? Whilst there are few things you may like about Brookline Bancorp from a dividend stock perspective, the truth is that overall it probably is not the best choice for a dividend investor. It may be worth exploring other dividend stocks as alternatives to BRKL or even look at high-growth stocks to supplement your steady income stocks. I encourage you to continue your research by taking a look at my interactive free list of dividend rockstars as well as high-growth stocks to potentially add to your holdings.

Are you a potential investor? If you are building an income portfolio, then Brookline Bancorp is a complicated choice since it has some positive aspects as well as negative ones. However, if you are not strictly just a dividend investor, BRKL could still offer some interesting investment opportunities. As always, I urge potential investors to try and get a good understanding of the underlying business and its fundamentals before deciding on an investment. Take a look at our latest free fundmental analysis to explore other aspects of BRKL.


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.

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