As of today (2024-12-12), the Trailing Annual Dividend Yield of VersaBank is 6.78%.
The historical rank and industry rank for VersaBank's Dividend Yield % or its related term are showing as below:
TSX:VBNK.PR.A.PFD'
s Dividend Yield % Range Over the Past 10 Years
Min: 0.12 Med: 0.75 Max: 6.78
Current: 6.78
During the past 13 years, the highest Dividend Yield of VersaBank was 6.78%. The lowest was 0.12%. And the median was 0.75%.
TSX:VBNK.PR.A.PFD's Dividend Yield % is ranked worse than 97.81% of 1233
companies
in the Banks industry
Industry Median: 3.66
vs TSX:VBNK.PR.A.PFD: 6.78
During the past 5 years, the average Dividends Per Share Growth Rate was 5.20% 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.
* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.
VersaBank Dividend Yield % Historical Data
The historical data trend for VersaBank'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.
Competitive Comparison of VersaBank's Dividend Yield %
For the Banks - Regional subindustry, VersaBank'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.
VersaBank's Dividend Yield % Distribution in the Banks Industry
For the Banks industry and Financial Services sector, VersaBank's Dividend Yield % distribution charts can be found below:
* The bar in red indicates where VersaBank's Dividend Yield % falls into.
VersaBank 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 0.169300
2024-10-04
2024-10-04
2024-10-31
Cash Dividend
quarterly
CAD:CAD 1.000000
CAD 0.169300
2024-07-05
2024-07-05
2024-07-31
Cash Dividend
quarterly
CAD:CAD 1.000000
CAD 0.169300
2024-04-04
2024-04-05
2024-04-30
Cash Dividend
quarterly
CAD:CAD 1.000000
CAD 0.169300
2024-01-04
2024-01-05
2024-01-31
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 Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.6772
/
9.99
=
6.78 %
Current Share Price is C$9.99. VersaBank's Dividends per Share for the trailing twelve months (TTM) ended in Today is C$0.6772.
* 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.
Thank you for viewing the detailed overview of VersaBank's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
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.
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