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Western New England Bancorp (Western New England Bancorp) 3-Year Dividend Growth Rate

: 11.90% (As of Dec. 2023)
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Western New England Bancorp's Dividends per Share for the three months ended in Dec. 2023 was $0.07.

The historical rank and industry rank for Western New England Bancorp's 3-Year Dividend Growth Rate or its related term are showing as below:

WNEB' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -20.6   Med: 6.3   Max: 44.2
Current: 11.9

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Western New England Bancorp was 44.20% per year. The lowest was -20.60% per year. And the median was 6.30% per year.

WNEB's 3-Year Dividend Growth Rate is ranked better than
65.09% of 782 companies
in the Banks industry
Industry Median: 7.55 vs WNEB: 11.90

During the past 12 months, Western New England Bancorp's average Dividends Per Share Growth Rate was 16.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 11.90% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 14.60% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 4.10% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

Western New England Bancorp's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.58. As of today, Western New England Bancorp's Dividend Yield % is 4.29%.

Good Sign:

Western New England Bancorp Inc stock dividend yield is close to 10-year high.

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


Competitive Comparison

For the Banks - Regional subindustry, Western New England Bancorp's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate 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.


Western New England Bancorp 3-Year Dividend Growth Rate Distribution

For the Banks industry and Financial Services sector, Western New England Bancorp's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Western New England Bancorp's 3-Year Dividend Growth Rate falls into.



Western New England Bancorp 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Western New England Bancorp  (NAS:WNEB) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Western New England Bancorp's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.07/ 0.12
=0.58

During the past 13 years, the highest Dividend Payout Ratio of Western New England Bancorp was 0.62. The lowest was 0.20. And the median was 0.31.

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

Western New England Bancorp Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.0702024-02-062024-02-072024-02-21Cash DividendquarterlyUSD:USD 1.000000
USD 0.0702023-11-072023-11-082023-11-22Cash DividendquarterlyUSD:USD 1.000000
USD 0.0702023-08-082023-08-092023-08-23Cash DividendquarterlyUSD:USD 1.000000
USD 0.0702023-05-092023-05-102023-05-24Cash DividendquarterlyUSD:USD 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.

Western New England Bancorp's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.28/6.57
=4.26 %

Current Share Price is $6.57.
Western New England Bancorp's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.28.

During the past 13 years, the highest Dividend Yield of Western New England Bancorp was 4.45%. The lowest was 0.90%. And the median was 2.34%.

Good Sign:

Western New England Bancorp Inc stock dividend yield is close to 10-year high.

* 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.


Western New England Bancorp 3-Year Dividend Growth Rate Related Terms>


Western New England Bancorp (Western New England Bancorp) Business Description

Traded in Other Exchanges
Address
141 Elm Street, Westfield, MA, USA, 01085
Western New England Bancorp Inc through its bank subsidiary, provides a range of financial services to individuals and companies in western Massachusetts and northern Connecticut. These services include commercial lending, residential lending and consumer lending, checking, savings and time deposits, cash management, and wealth management. Substantially all of the Company's revenues, profits, and assets are derived by the Bank from banking products and services.
Executives
Steven G. Richter director C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01144
Miles Allen J Iii officer: EVP & Senior Lender C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Filipe B Goncalves officer: SVP & Associate CCO C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Laura Benoit director C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
John E Bonini officer: SVP, General Counsel C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Kevin C O'connor officer: EVP & Chief Banking Officer C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Guida R Sajdak officer: EVP & Chief Financial Officer 70 CENTER STREET, CHICOPEE MA 01013
James C Hagan director, officer: President and CEO C/O WESTFIELD FINANCIAL INC, 141 ELM STREET, WESTFIELD MA 01085
Daniel A Marini officer: SVP Retail Banking & Marketing C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Gorman Louis O Iii officer: SVP & Chief Credit Officer C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Philip R Smith director C/O WESTFIELD FINANCIAL, INC., 141 ELM STREET, WESTFIELD MA 01085
Darlene M Libiszewski officer: SVP, Chief Information Officer C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01085
Christine Phillips officer: SVP, HR Director C/O WESTERN NEW ENGLAND BANCORP, INC., 141 ELM STREET, WESTFIELD MA 01086
Gregg F Orlen director C/O CHICOPEE BANCORP INC., 70 CENTER STREET, CHICOPEE MA 01013
William D Masse director C/O CHICOPEE BANCORP INC., 70 CENTER STREET, CHICOPEE MA 01013