Beacon Financial Corporation (BBT) To Go Ex-Dividend on August 14th

Beacon Financial Corporation (NYSE:BBT) declared a quarterly dividend on Wednesday, July 29th. Stockholders of record on Friday, August 14th will be paid a dividend of 0.3225 per share on Friday, August 28th. This represents a c) dividend on an annualized basis and a dividend yield of 4.1%. The ex-dividend date of this dividend is Friday, August 14th.

Beacon Financial has raised its dividend payment by an average of 0.0%annually over the last three years. Beacon Financial has a dividend payout ratio of 35.9% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Beacon Financial to earn $3.34 per share next year, which means the company should continue to be able to cover its $1.29 annual dividend with an expected future payout ratio of 38.6%.

Beacon Financial Price Performance

Beacon Financial stock opened at $31.74 on Wednesday. The stock’s 50 day moving average is $30.30 and its 200 day moving average is $30.01. Beacon Financial has a one year low of $22.81 and a one year high of $32.83. The firm has a market cap of $2.66 billion, a P/E ratio of 24.05 and a beta of 0.55. The company has a debt-to-equity ratio of 0.35, a current ratio of 1.00 and a quick ratio of 1.01.

Beacon Financial (NYSE:BBT) last released its earnings results on Wednesday, July 29th. The company reported $0.77 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.77. Beacon Financial had a net margin of 8.96% and a return on equity of 9.15%. The business had revenue of $219.19 million during the quarter. As a group, research analysts expect that Beacon Financial will post 3.04 EPS for the current year.

About Beacon Financial

Truist Financial Corp. operates as a financial holding company, which engages in the provision of banking services to individuals, businesses and municipalities. The firm offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It also markets a range of other services, including deposits, life insurance, property and casualty insurance, health Truist Financial Corp.