Provident Financial Services (Provident Financial Services) Dividend Payout Ratio

: 0.63 (As of Dec. 2023)

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Provident Financial Services's dividend payout ratio for the months ended in Dec. 2023 was 0.63.

The historical rank and industry rank for Provident Financial Services's Dividend Payout Ratio or its related term are showing as below:

PFS' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.4 Med: 0.5 Max: 0.66
Current: 0.54

During the past 13 years, the highest Dividend Payout Ratio of Provident Financial Services was 0.66. The lowest was 0.40. And the median was 0.50.

PFS's Dividend Payout Ratio is ranked worse than
78.7% of 1094 companies
in the Banks industry
Industry Median: 0.33 vs PFS: 0.54

As of today (2024-04-18), the Dividend Yield % of Provident Financial Services is 6.97%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Provident Financial Services was 8.82%. The lowest was 2.47%. And the median was 3.45%.

Provident Financial Services's Dividends per Share for the months ended in Dec. 2023 was $0.24.

During the past 3 years, the average Dividends Per Share Growth Rate was 1.40% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 2.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 5.90% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Provident Financial Services was 40.70% per year. The lowest was 1.40% per year. And the median was 8.15% per year.

The growth rate is calculated with least square regression.

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

Provident Financial Services Dividend Payout Ratio Historical Data

The historical data trend for Provident Financial Services's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Provident Financial Services Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.53

0.66

0.43

0.40

0.54

Provident Financial Services Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.36	0.44	0.54	0.60	0.63

Competitive Comparison

For the Banks - Regional subindustry, Provident Financial Services's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

Provident Financial Services Dividend Payout Ratio Distribution

For the Banks industry and Financial Services sector, Provident Financial Services's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Provident Financial Services's Dividend Payout Ratio falls into.

Provident Financial Services Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Provident Financial Services's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.96	/	1.786
	=	0.54

Provident Financial Services'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 )
	=	0.24	/	0.383
	=	0.63

Provident Financial Services (NYSE:PFS) Dividend Payout Ratio Explanation

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.

Provident Financial Services Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Provident Financial Services's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Provident Financial Services (Provident Financial Services) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Provident Financial Services Inc (NYSE:PFS) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

PQ3:Germany

Address

239 Washington Street, Jersey, NJ, USA, 07302

Website

https://www.provident.bank

Provident Financial Services Inc is the holding company for The Provident Bank, a community-oriented bank. The company provides a comprehensive array of financial products and services through its network of branches throughout northern and central New Jersey, and certain counties in Pennsylvania. The company's strategy emphasizes growing high-return businesses in nonstandard markets, and maintaining a secured capital structure. Commercial loans represent a plurality of the company's loans, followed by construction loans. The majority of the revenue-generating activities that are components of non-interest income are These revenue streams can generally be classified into three broad categories: wealth management revenue, insurance agency income, and banking service charges and other fees.

Executives

James P Dunigan	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Vito Giannola	officer: EVP & Chief Retail Banking Ofc	C/O SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Walter Sierotko	officer: EVP/CLO of Provident Bank	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Frank L Fekete	director
Bennett Macdougall	officer: EVP, General Counsel, Sec	239 WASHINGTON STREET, JERSEY CITY NJ 07302
George Lista	officer: President/CEO SB One Insurance	C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
Anthony J Labozzetta	director, officer: President and COO	SUSSEX BANCORP, 399 ROUTE 23, FRANKLIN NJ 07416
Adriano M. Duarte	officer: EVP & CAO of Provident Bank	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Matthew K. Harding	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Robert Mcnerney	director	C/O SUSSEX BANK, 399 ROUTE 23, FRANKLIN NJ 07416
James A. Christy	officer: SVP, CRO of Provident Bank, other: General Auditor	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Ravi Vakacherla	officer: Chief Digital & Innovation Off	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Valerie O Murray	officer: SVP & Chief Wealth Mgmt Ofc	239 WASHINGTON STREET, JERSEY CITY NJ 07302
John Pugliese	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302
Nadine Duchemin-leslie	director	239 WASHINGTON STREET, JERSEY CITY NJ 07302