Muncy Bank Financial Inc. (MYBF, Financial), Evans Bancorp Inc. (EVBN, Financial) and Stock Yards Bancorp Inc. (SYBT, Financial) all recently announced their next dividends.
Dividend investors could be interested in these stocks, as they have been paying dividends for many years and have increased their payments faster than the S&P 500 in most sub-periods over the past 10 years.
The benchmark for the U.S. market saw its dividend fall by 5.2% over the past 12 months. On an annualized basis, the S&P 500 saw its dividends increase by an average of 0.42% over the past three years, 2.6% over the past five years and 6.3% over the past 10 years.
Furthermore, these companies offer a higher dividend yield than the benchmark index for the U.S. market. The S&P 500’s dividend yield was only 1.36% at close on Tuesday, Feb. 15.
Muncy Bank Financial Inc. (MYBF, Financial)
Before the market opened on Wednesday, the Muncy, Pennsylvania-based regional bank serving individuals and businesses in Pennsylvania announced it will pay a quarterly cash dividend of 38 cents per common share on March 15. The payment reflects a 2.7% increase over the previous distribution. Shareholders must be on the company's record by March 4 if they want to benefit. The ex-dividend date is scheduled for March 3.
The company has distributed consecutive dividends for approximately 87 years and increased them by 14% over the past year, 12.5% per year over the past three years and 10.8% per year over the past five years.
At close on Tuesday, the share price of $38.25 was up by just 1.03% year-over-year for a forward dividend yield of 3.87%. The stock has a market cap of $61.52 million and a 52-week range of $35 to $41.
Evans Bancorp Inc. (EVBN, Financial)
Before the market opened on Wednesday, the Williamsville, New York-based regional bank serving consumers and businesses in certain New York boroughs announced it will pay a semi-annual cash dividend of 62 cents per common share on April 5 to shareholders of record as of March 11. The ex-dividend date is scheduled for March 10. The payment will be a 3.3% increase from the previous distribution.
The company has been paying consecutive dividends for about 19 years, increasing them by 11.5% over the past year and by 13.2%, 10.4% and 12% per year over the past three-year, five-year and 10-year periods, respectively.
The share price has risen by 46.17% over the past year to close at $41.95 at close on Tuesday for a forward dividend yield of 2.86%. The stock has a market cap of $230 million and a 52-week range of $28.50 to $44.48.
Stock Yards Bancorp Inc. (SYBT, Financial)
Before the market opened on Wednesday, the Louisville, Kentucky-based regional bank with operating branches in Louisville, Indianapolis and Cincinnati announced it will pay a quarterly cash dividend of 28 cents per common share on April 1. Shareholders must be on the company's record by March 21 if they want to profit. The ex-dividend date is scheduled for March 18. The payment will be on par with the previous distribution.
The company has been paying consecutive dividends for about 29 years, increasing them by about 3.8% over the past year and by about 10.5% per year over the past three years, 11.8% per year over the past five years and 9.7% per year over the past 10 years.
The stock price rose by 15.33% year-over-year, closing at $55.84 on Tuesday for a forward dividend yield of 2.02%. The stock has a market cap of $1.48 billion and a 52-week range from $45.92 to $67.40.
