Live Oak Bancshares, Inc. Announces Quarterly Dividend of $0.03 (NYSE:LOB)

Live Oak Bancshares, Inc. (NYSE:LOBGet Free Report) declared a quarterly dividend on Tuesday, May 19th. Investors of record on Tuesday, June 2nd will be paid a dividend of 0.03 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Tuesday, June 2nd.

Live Oak Bancshares has a payout ratio of 4.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Live Oak Bancshares to earn $4.05 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 3.0%.

Live Oak Bancshares Stock Up 0.6%

NYSE LOB opened at $36.42 on Wednesday. The firm has a 50-day moving average price of $35.07 and a two-hundred day moving average price of $35.53. The company has a market capitalization of $1.68 billion, a P/E ratio of 13.85 and a beta of 1.92. Live Oak Bancshares has a 12-month low of $26.19 and a 12-month high of $42.89.

Live Oak Bancshares (NYSE:LOBGet Free Report) last posted its earnings results on Wednesday, April 22nd. The company reported $0.60 EPS for the quarter, beating the consensus estimate of $0.54 by $0.06. The firm had revenue of $145.47 million during the quarter, compared to the consensus estimate of $146.02 million. Live Oak Bancshares had a return on equity of 11.18% and a net margin of 11.79%. Equities analysts expect that Live Oak Bancshares will post 2.95 EPS for the current year.

Live Oak Bancshares Company Profile

(Get Free Report)

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.

See Also

Dividend History for Live Oak Bancshares (NYSE:LOB)

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