Prudential Bancorp Inc (NASDAQ:PBIP) Increases Dividend to $0.07 Per Share

Prudential Bancorp Inc (NASDAQ:PBIP) announced a quarterly dividend on Wednesday, November 20th, Zacks reports. Shareholders of record on Friday, December 6th will be paid a dividend of 0.07 per share by the savings and loans company on Friday, December 20th. This represents a $0.28 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, December 5th. This is a positive change from Prudential Bancorp’s previous quarterly dividend of $0.05.

Shares of PBIP opened at $17.98 on Tuesday. The company’s 50 day simple moving average is $17.58 and its 200-day simple moving average is $17.36. The firm has a market cap of $160.00 million, a PE ratio of 16.98 and a beta of 0.05. Prudential Bancorp has a 12-month low of $13.92 and a 12-month high of $19.57.

Prudential Bancorp Company Profile

Prudential Bancorp, Inc operates as the bank holding company for Prudential Bank that provides various banking products or services. The company accepts interest-bearing and non-interest-bearing checking, money market, savings, and certificates of deposit accounts. Its loan portfolio comprises single-family residential mortgage loans, construction and land development loans, non-residential or commercial real estate mortgage loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, such as loans secured by deposit accounts and unsecured personal loans.

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Dividend History for Prudential Bancorp (NASDAQ:PBIP)

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