Prudential Bancorp Inc Announces Quarterly Dividend of $0.07 (NASDAQ:PBIP)

Prudential Bancorp Inc (NASDAQ:PBIP) announced a quarterly dividend on Wednesday, May 20th, Zacks reports. Stockholders of record on Friday, June 5th will be given a dividend of 0.07 per share by the savings and loans company on Friday, June 19th. This represents a $0.28 annualized dividend and a dividend yield of 2.54%. The ex-dividend date is Thursday, June 4th.

Prudential Bancorp has raised its dividend payment by an average of 26.0% per year over the last three years and has increased its dividend every year for the last 3 years.

Shares of NASDAQ PBIP traded down $0.37 during trading on Friday, hitting $11.03. The stock had a trading volume of 100 shares, compared to its average volume of 22,442. Prudential Bancorp has a 12 month low of $9.90 and a 12 month high of $19.57. The company has a market capitalization of $98.35 million and a PE ratio of 9.35. The firm has a fifty day moving average of $12.06 and a two-hundred day moving average of $15.88.

Prudential Bancorp (NASDAQ:PBIP) last posted its earnings results on Friday, April 17th. The savings and loans company reported $0.32 earnings per share (EPS) for the quarter. Prudential Bancorp had a net margin of 20.62% and a return on equity of 7.59%. The firm had revenue of $8.46 million during the quarter.

In related news, Director Bruce E. Miller purchased 8,500 shares of Prudential Bancorp stock in a transaction that occurred on Friday, April 24th. The stock was bought at an average price of $12.76 per share, for a total transaction of $108,460.00. 6.20% of the stock is currently owned by corporate insiders.

Separately, ValuEngine upgraded shares of Prudential Bancorp from a “sell” rating to a “hold” rating in a research note on Friday, May 1st.

About Prudential Bancorp

Prudential Bancorp, Inc operates as the bank holding company for Prudential Bank that provides various banking products or services. The company accepts interest-bearing and non-interest-bearing checking, money market, savings, and certificates of deposit accounts. Its loan portfolio comprises single-family residential mortgage loans, construction and land development loans, non-residential or commercial real estate mortgage loans, home equity loans and lines of credit, and commercial business loans, as well as consumer loans, such as loans secured by deposit accounts and unsecured personal loans.

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Dividend History for Prudential Bancorp (NASDAQ:PBIP)

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