Enterprise Bancorp, Inc. (NASDAQ:EBTC) to Issue Quarterly Dividend of $0.24

Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend on Tuesday, April 16th, Zacks reports. Shareholders of record on Monday, May 13th will be paid a dividend of 0.24 per share by the savings and loans company on Monday, June 3rd. This represents a $0.96 annualized dividend and a yield of 3.78%. The ex-dividend date of this dividend is Friday, May 10th.

Enterprise Bancorp has raised its dividend payment by an average of 9.5% per year over the last three years and has increased its dividend every year for the last 6 years.

Enterprise Bancorp Price Performance

Shares of NASDAQ EBTC opened at $25.39 on Thursday. The company has a debt-to-equity ratio of 0.26, a current ratio of 0.89 and a quick ratio of 0.89. The business has a 50-day moving average of $25.10 and a 200-day moving average of $27.35. The stock has a market capitalization of $311.76 million, a price-to-earnings ratio of 8.73 and a beta of 0.60. Enterprise Bancorp has a fifty-two week low of $23.01 and a fifty-two week high of $34.10.

Insiders Place Their Bets

In other news, Director Michael T. Putziger purchased 1,755 shares of the company’s stock in a transaction on Friday, March 1st. The shares were purchased at an average cost of $27.46 per share, with a total value of $48,192.30. Following the completion of the transaction, the director now owns 206,075 shares of the company’s stock, valued at approximately $5,658,819.50. The transaction was disclosed in a filing with the SEC, which is available through this link. Insiders own 21.69% of the company’s stock.

About Enterprise Bancorp

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that engages in the provision of commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit.