Prudential Bancorp Inc (NASDAQ:PBIP) to Issue $0.07 Quarterly Dividend

Prudential Bancorp Inc (NASDAQ:PBIP) announced a quarterly dividend on Wednesday, May 20th, Zacks reports. Investors 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 dividend on an annualized basis and a 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 annually for the last 3 consecutive years.

Shares of Prudential Bancorp stock traded down $0.37 during trading hours on Friday, reaching $11.03. The company’s stock had a trading volume of 100 shares, compared to its average volume of 22,442. The firm has a 50 day moving average price of $12.06 and a 200-day moving average price of $15.88. Prudential Bancorp has a one year low of $9.90 and a one year high of $19.57. The stock has a market cap of $98.35 million and a P/E ratio of 9.35.

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

In other news, Director Bruce E. Miller acquired 8,500 shares of the firm’s stock in a transaction on Friday, April 24th. The stock was acquired at an average price of $12.76 per share, with a total value of $108,460.00. Corporate insiders own 6.20% of the company’s stock.

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

Prudential Bancorp Company Profile

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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