MidSouth Bancorp, Inc. (NYSE:MSL) announced a quarterly dividend on Friday, November 30th, Wall Street Journal reports. Shareholders of record on Monday, December 17th will be paid a dividend of 0.01 per share by the bank on Wednesday, January 2nd. This represents a $0.04 annualized dividend and a yield of 0.33%. The ex-dividend date is Thursday, December 13th.

MidSouth Bancorp has decreased its dividend by an average of 6.3% annually over the last three years. MidSouth Bancorp has a dividend payout ratio of 80.0% meaning its dividend is currently covered by earnings, but may not be in the future if the company’s earnings fall. Equities analysts expect MidSouth Bancorp to earn $0.31 per share next year, which means the company should continue to be able to cover its $0.04 annual dividend with an expected future payout ratio of 12.9%.

Shares of NYSE:MSL opened at $11.96 on Friday. MidSouth Bancorp has a 52-week low of $11.86 and a 52-week high of $16.15. The company has a market capitalization of $200.69 million, a price-to-earnings ratio of -44.30 and a beta of 1.34.

MidSouth Bancorp (NYSE:MSL) last issued its quarterly earnings data on Tuesday, October 30th. The bank reported ($0.08) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.16) by $0.08. MidSouth Bancorp had a negative net margin of 16.04% and a positive return on equity of 2.32%. The company had revenue of $21.56 million during the quarter, compared to the consensus estimate of $21.52 million. Equities research analysts forecast that MidSouth Bancorp will post 0.09 EPS for the current fiscal year.

MSL has been the subject of several recent research reports. Raymond James raised shares of MidSouth Bancorp from an “underperform” rating to a “market perform” rating in a research report on Friday, August 17th. ValuEngine raised shares of MidSouth Bancorp from a “buy” rating to a “strong-buy” rating in a research report on Thursday, August 23rd. Zacks Investment Research raised shares of MidSouth Bancorp from a “hold” rating to a “buy” rating and set a $18.00 price objective for the company in a research report on Thursday, October 11th. Finally, FIG Partners downgraded shares of MidSouth Bancorp from an “outperform” rating to a “market perform” rating in a research report on Thursday, November 29th. Five equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. MidSouth Bancorp currently has an average rating of “Hold” and an average target price of $16.00.

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MidSouth Bancorp Company Profile

MidSouth Bancorp, Inc, a bank holding company, through its subsidiary MidSouth Bank, N.A., provides various community banking products and services to commercial and retail customers in the United States. The company offers various deposit products, including interest-bearing and noninterest-bearing checking accounts, money market, savings accounts, investment accounts, and NOW account deposits, as well as time deposits, such as certificates of deposits; and commercial and industrial, commercial real estate, and consumer loans, as well as other loans secured by real estate.

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Dividend History for MidSouth Bancorp (NYSE:MSL)

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