Veritex Holdings, Inc.Declares Cash Dividend on Common Stock
Dallas-based Veritex Holdings, Inc. the parent holding company for Veritex Community Bank, has announced the declaration of a quarterly cash dividend of $0.20 per share on its outstanding common stock.This recent press release emphasized the company’s commitment to rewarding shareholders and distributing profits.The dividend is scheduled to be paid on or after November 24, 2023, to shareholders of record as of November 10, 2023.
As of the writing of this article, it is important to note that Veritex Holdings Inc.’s 12 Months dividend pay-out ratio, which measures the proportion of earnings distributed to shareholders in the form of dividends, has sequentially decreased to 28.48% in the second quarter of 2023.Although this result is above the company’s average of 29.33%, it signifies a slight decline.
When comparing Veritex’s performance to its peers in the Financial sector, it is evident that 366 companies had higher 12 Months dividend pay-out ratios.This context helps illustrate the company’s position within the sector.Additionally, in terms of ranking among all other companies, Veritex Holdings Inc.has moved up from 0 in the first quarter of 2023 to the 866th position.
Overall, Veritex Holdings Inc.continues to demonstrate its dedication to shareholder value by declaring a cash dividend on its common stock.Despite a slight decrease in the dividend pay-out ratio, the company remains competitive within the Financial sector.Investors will be eager to receive their dividend payment on or after November 24, 2023.
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