Provident Financial Holdings, Inc. (PROV) to Issue Quarterly Dividend of $0.14 on June 4th

Provident Financial Holdings, Inc. (NASDAQ:PROV) announced a quarterly dividend on Thursday, April 23rd. Shareholders of record on Thursday, May 14th will be paid a dividend of 0.14 per share by the financial services provider on Thursday, June 4th. This represents a c) annualized dividend and a yield of 3.3%. The ex-dividend date is Thursday, May 14th.

Provident Financial has a dividend payout ratio of 39.2% indicating that its dividend is sufficiently covered by earnings.

Provident Financial Stock Performance

NASDAQ PROV opened at $17.01 on Friday. The company has a market cap of $108.44 million, a PE ratio of 17.18 and a beta of 0.29. The stock’s 50 day simple moving average is $16.36 and its 200-day simple moving average is $15.98. Provident Financial has a 1-year low of $14.85 and a 1-year high of $17.34. The company has a debt-to-equity ratio of 1.67, a current ratio of 1.24 and a quick ratio of 1.24.

Provident Financial (NASDAQ:PROV) last released its earnings results on Tuesday, January 27th. The financial services provider reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.30 by ($0.08). The firm had revenue of $14.87 million during the quarter, compared to analysts’ expectations of $10.10 million. Provident Financial had a net margin of 10.97% and a return on equity of 5.14%.

About Provident Financial

Provident Financial Services, Inc (NASDAQ: PROV) is a bank holding company headquartered in Jersey City, New Jersey, that conducts its operations through its wholly owned subsidiary, Provident Bank. With origins dating back to 1839, the company has grown into a full-service financial institution offering a broad spectrum of products and services to individuals, small businesses and commercial clients.

The company’s principal business activities include retail banking, commercial lending, mortgage finance and wealth management.