|Bid||6.83 x 900|
|Ask||9.50 x 1100|
|Day's Range||6.96 - 7.20|
|52 Week Range||4.26 - 9.50|
|Beta (5Y Monthly)||0.71|
|PE Ratio (TTM)||17.05|
|Earnings Date||Oct 22, 2020|
|Forward Dividend & Yield||0.16 (2.28%)|
|Ex-Dividend Date||Dec 07, 2020|
|1y Target Est||N/A|
On November 24, 2020, Severn Bancorp (NASDAQ:SVBI) declared a dividend payable on December 15, 2020 to its shareholders. Severn Bancorp also announced that shareholders on the company's books on or before December 8, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Severn Bancorp, whose current dividend payout is $0.04, has an ex-dividend date set at December 7, 2020. The payout equates to a dividend yield of 2.37% at current price levels.The Significance Of Ex-Dividend Dates An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Most ex-dividend dates operate on a quarterly basis.Severn Bancorp's Dividend History Over the past year, Severn Bancorp has seen its dividend payouts remain the same and its yields climb upward overall. Last year on December 5, 2019 the company's payout sat at $0.04, which has returned to its value today. Severn Bancorp's dividend yield last year was 1.83%, which has since grown by 0.54%. Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.To read more news on Severn Bancorp click here.See more from Benzinga * Click here for options trades from Benzinga * Analyzing Monro's Ex-Dividend Date * Ex-Dividend Date Insight: Penns Woods Bancorp(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Severn...
In this article you are going to find out whether hedge funds think Severn Bancorp Inc (NASDAQ:SVBI) is a good investment right now. We like to check what the smart money thinks first before doing extensive research on a given stock. Although there have been several high profile failed hedge fund picks, the consensus picks […]