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In an exciting announcement, Provident Financial Holdings, Inc. (PROV), the holding company for Provident Savings Bank, F.S.B., declared a quarterly cash dividend of $0.14 per share. This press release reveals key information about the dividend distribution timeline, qualifying shareholders, and the impact of this decision on the company's stock price. Additionally, we will assess the recent performance of Provident Financial Holdings Inc stock and its implications for potential investors.
Facts:
1. Dividend Declaration Details:
On July 25, 2024, Provident Financial Holdings Inc announced that its Board of Directors had approved a quarterly cash dividend of $0.14 per share. This dividend is an exciting opportunity for shareholders, as it reflects the company's strong financial health and commitment to rewarding its investors.
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Provident Financial Holdings Inc. Declares Quarterly Cash Dividend
RIVERSIDE, Calif., Jan. 25, 2024 - Provident Financial Holdings, Inc. (NASDAQ GS: PROV), the holding company for Provident Savings Bank, F.S.B., has announced a quarterly cash dividend of $0.14 per share. Shareholders of the company's common stock as of February 15, 2024, will be eligible to receive the cash dividend, which will be paid out on March 7, 2024.
As of the writing of this article, Provident Financial Holdings Inc's 12 Months dividend pay out ratio for the first quarter of 2024 has sequentially increased to 47.9, remaining below the average. When comparing the company's performance to its peers in the Financial sector, it is worth noting that 219 companies have a higher 12 Months dividend pay out ratio. Furthermore, in the fourth quarter of 2023, Provident Financial Holdings Inc ranked higher than 531 among all other companies.
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