As of today (2024-04-19), the Trailing Annual Dividend Yield of Provident Financial Services is 6.64%.
Good Sign:
Provident Financial Services Inc stock dividend yield is close to 3-year high.
The historical rank and industry rank for Provident Financial Services's Dividend Yield % or its related term are showing as below:
PFS'
s Dividend Yield % Range Over the Past 10 Years
Min: 2.47 Med: 3.45 Max: 8.82
Current: 6.64
During the past 13 years, the highest Dividend Yield of Provident Financial Services was 8.82%. The lowest was 2.47%. And the median was 3.45%.
PFS's Dividend Yield % is ranked better than 83.92% of 1200
companies
in the Banks industry
Industry Median: 4
vs PFS: 6.64
Provident Financial Services's Dividend Payout Ratio for the
three
months ended in Dec. 2023 was 0.63.
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.
As of today (2024-04-19), the Forward Dividend Yield % of Provident Financial Services is 6.64%.
Provident Financial Services's Dividends per Share for the
three
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 Yield % Historical Data
The historical data trend for Provident Financial Services's Dividend Yield % 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 Yield %
3.73
5.12
3.84
4.48
5.32
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 Yield %
4.48
5.01
5.88
6.28
5.32
Competitive Comparison
For the Banks - Regional subindustry, Provident Financial Services's Dividend Yield %, along with its competitors' market caps and 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.
Provident Financial Services Dividend Yield % Distribution
For the Banks industry and Financial Services sector, Provident Financial Services's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Provident Financial Services's Dividend Yield % falls into.
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Provident Financial Services Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.240
2024-02-08
2024-02-09
2024-02-23
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.240
2023-11-09
2023-11-10
2023-11-24
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.240
2023-08-10
2023-08-11
2023-08-25
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.240
2023-05-11
2023-05-12
2023-05-26
Cash Dividend
quarterly
USD: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.
Provident Financial Services's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.96
/
14.46
=
6.64 %
Current Share Price is $14.46.
Provident Financial Services's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.96.
Provident Financial Services's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.96
/
14.46
=
6.64 %
Current Share Price is $14.46.
Provident Financial Services's Dividends per Share for the forward twelve months is calculated as $0.24 * 4 = $0.96.
* 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.
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.
Provident Financial Services Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Provident Financial Services's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Provident Financial Services (Provident Financial Services) Business Description
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.
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