VersaBank (TSX:VBNK) Forward Dividend Yield % : 0.73% (As of Apr. 25, 2024)

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What is VersaBank Forward Dividend Yield %?

As of today (2024-04-25), the Forward Annual Dividend Yield of VersaBank is 0.73%.

As of today (2024-04-25), the Trailing Annual Dividend Yield of VersaBank is 0.73%.

TSX:VBNK's Forward Dividend Yield % is ranked worse than
95.64% of 1171 companies
in the Banks industry
Industry Median: 4.14 vs TSX:VBNK: 0.73

VersaBank's Dividends per Share for the three months ended in Oct. 2023 was C$0.03.

During the past 5 years, the average Dividends Per Share Growth Rate was 17.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of VersaBank was 35.70% per year. The lowest was 12.60% per year. And the median was 24.15% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

Competitive Comparison of VersaBank's Forward Dividend Yield %

For the Banks - Regional subindustry, VersaBank's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

VersaBank's Forward Dividend Yield % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, VersaBank's Forward Dividend Yield % distribution charts can be found below:

* The bar in red indicates where VersaBank's Forward Dividend Yield % falls into.

VersaBank Forward Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

VersaBank Recent Full-Year* Dividend History

Amount	Ex-date	Record Date	Pay Date	Type	Frequency	Forex Rate
CAD 0.025	2024-04-04	2024-04-05	2024-04-30	Cash Dividend	quarterly	CAD:CAD 1.000000
CAD 0.025	2024-01-04	2024-01-05	2024-01-31	Cash Dividend	quarterly	CAD:CAD 1.000000
CAD 0.025	2023-10-05	2023-10-06	2023-10-31	Cash Dividend	quarterly	CAD:CAD 1.000000
CAD 0.025	2023-07-06	2023-07-07	2023-07-31	Cash Dividend	quarterly	CAD:CAD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

VersaBank's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield	=	Forward Full Year Dividend	/	Current Share Price
	=	0.1	/	13.64
	=	0.73 %

Current Share Price is C$13.64.
VersaBank's Dividends per Share for the forward twelve months is calculated as C$0.025 * 4 = C$0.1.

VersaBank's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield	=	Most Recent Full Year Dividend	/	Current Share Price
	=	0.1	/	13.64
	=	0.73 %

Current Share Price is C$13.64.
VersaBank's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$0.1.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

VersaBank (TSX:VBNK) Forward Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

VersaBank Forward Dividend Yield % Related Terms

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VersaBank (TSX:VBNK) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » VersaBank (TSX:VBNK) » Definitions » Forward Dividend Yield %

Comparable Companies

Traded in Other Exchanges

VBNK:USA VBNK.PR.A.PFD:Canada

Address

140 Fullarton Street, Suite 2002, London, ON, CAN, N6A 5P2

Website

https://www.versabank.com

VersaBank is a Canadian Schedule I chartered bank with a difference. VersaBank became the world's first digital financial institution when it adopted its highly efficient business-to-business model using its proprietary state-of-the-art financial technology to profitably address underserved segments of the Canadian banking market in the pursuit of superior net interest margins, while mitigating risk. VersaBank obtains all of its deposits and provides the majority of its loans and leases electronically, with innovative deposit and lending solutions for financial intermediaries that allow them to excel in their core businesses. In addition, leveraging its internally developed IT security software and capabilities, VersaBank established a wholly-owned, subsidiary.