QCR Holdings, Inc. (NASDAQ:QCRH) Plans Quarterly Dividend of $0.15

QCR Holdings, Inc. (NASDAQ:QCRH) announced a quarterly dividend on Thursday, August 20th. Stockholders of record on Friday, September 18th will be given a dividend of 0.15 per share by the bank on Monday, October 5th. This represents a c) dividend on an annualized basis and a dividend yield of 0.6%. The ex-dividend date is Friday, September 18th. This is a 50.0% increase from QCR’s previous quarterly dividend of $0.10.

QCR has a dividend payout ratio of 8.4% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect QCR to earn $8.94 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 6.7%.

QCR Stock Performance

QCRH stock opened at $102.73 on Wednesday. The firm has a 50 day simple moving average of $101.28 and a 200 day simple moving average of $94.05. QCR has a 52 week low of $66.65 and a 52 week high of $108.11. The stock has a market cap of $1.68 billion, a P/E ratio of 12.14 and a beta of 0.73. The company has a debt-to-equity ratio of 0.57, a quick ratio of 0.98 and a current ratio of 0.98.

QCR (NASDAQ:QCRH) last released its quarterly earnings data on Wednesday, July 22nd. The bank reported $2.19 earnings per share for the quarter, beating the consensus estimate of $1.91 by $0.28. QCR had a net margin of 22.86% and a return on equity of 12.87%. The firm had revenue of $97.34 million for the quarter, compared to analyst estimates of $104.10 million. Research analysts anticipate that QCR will post 8.5 earnings per share for the current fiscal year.

About QCR

QCR Holdings, Inc (NASDAQ: QCRH) is a bank holding company headquartered in Moline, Illinois. Founded in 1993, the company operates through a network of community banking subsidiaries serving businesses, professionals, entrepreneurs and individuals across parts of Illinois, Iowa, Missouri and Wisconsin.

Its banking subsidiaries provide commercial and retail banking services, including business loans, commercial real estate financing, agricultural lending, residential mortgages, consumer loans and deposit accounts.