Live Oak Bancshares, Inc. (NASDAQ:LOB) Plans $0.03 Quarterly Dividend

Live Oak Bancshares, Inc. (NASDAQ:LOB) announced a quarterly dividend on Thursday, February 19th. Shareholders of record on Thursday, March 5th will be paid a dividend of 0.03 per share by the bank on Sunday, March 15th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date is Thursday, March 5th.

Live Oak Bancshares has a dividend payout ratio of 3.6% indicating that its dividend is sufficiently covered by earnings. Analysts expect Live Oak Bancshares to earn $3.39 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 3.5%.

Live Oak Bancshares Stock Performance

Shares of NASDAQ:LOB traded up $0.69 during midday trading on Friday, reaching $40.87. The company’s stock had a trading volume of 223,602 shares, compared to its average volume of 357,394. The firm has a 50 day moving average price of $37.85 and a two-hundred day moving average price of $35.48. Live Oak Bancshares has a fifty-two week low of $22.68 and a fifty-two week high of $42.89. The firm has a market capitalization of $1.87 billion, a price-to-earnings ratio of 28.19 and a beta of 2.00.

Live Oak Bancshares Company Profile

Live Oak Bancshares, Inc is a bank holding company based in Wilmington, North Carolina, and the parent of Live Oak Banking Company and Live Oak Bank. The company specializes in small business and commercial lending, offering a suite of financing solutions that includes U.S. Small Business Administration (SBA) 7(a) and 504 loans, equipment finance, commercial real estate loans, and industry-specific lending programs. Live Oak Bancshares combines a digital-first banking platform with a team of lending specialists to serve customers across all 50 states.

Founded in 2008 and headquartered in Wilmington, Live Oak Bancshares was chartered by the Office of the Comptroller of the Currency to focus on underserved small business sectors.