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The other two names, detailed below, both have a solid dividend streak of 5+ years, which indicates a stronger-than-usual likelihood of follow-up dividend hikes in the coming days. As always, these results derive from StreetInsider and InvestingPro+ data. Sign up for rapid-fire dividend news.
ServisFirst Bancshares (NYSE:SFBS) raised by 15% last year and currently has an annualized payout of $0.92, a yield of 1.4%, and payout ratio of 15.1%. Its dividend growth streak is 8 years.
ServisFirst has an overall Neutral analyst rating, according to InvestingPro+ data. In its third-quarter release, it missed the consensus analyst estimate by $0.03 per share despite a 22% earnings-per-share increase for the third quarter to $1.17. Shares lost 12.1% in the past five sessions amid a tough week for the financial sector.
Camden National (NASDAQ:CAC) raised by 11.1% last year and currently has an annualized payout of $1.60, a yield of 3.9%, and payout ratio of 36.8%. Its dividend growth streak is 5 years.
The bank has an overall Neutral rating, per InvestingPro+ data, and it reported Q3 EPS of $0.97 – $0.13 worse than the analyst estimate of $1.10 and a 5% drop from the prior year. Revenue for the quarter came in at $44.58 million versus the consensus estimate of $48.42 million. Shares were down 2.6% for the week.
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