Seacoast Banking Corporation of Florida (NASDAQ:SBCF) to Issue Quarterly Dividend of $0.19

Key Points

• Seacoast Banking Corporation of Florida announced a quarterly dividend of $0.19 per share, a 5.6% increase from its prior dividend of $0.18, with payments scheduled for December 31st to investors on record by December 15th.
• The company's dividend payout ratio is at 33.2%, indicating it is well-covered by earnings, with projections suggesting a future payout ratio of 37.1% based on expected earnings of $1.94 per share next year.
• As of Friday, Seacoast Banking's stock trades at $30.12, exhibiting a stable performance with a market capitalization of $2.65 billion and a price-to-earnings ratio of 18.48.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) announced a quarterly dividend on Thursday, October 23rd. Investors of record on Monday, December 15th will be paid a dividend of 0.19 per share by the financial services provider on Wednesday, December 31st. This represents a c) dividend on an annualized basis and a dividend yield of 2.5%. The ex-dividend date is Monday, December 15th. This is a 5.6% increase from Seacoast Banking Corporation of Florida's previous quarterly dividend of $0.18.

Seacoast Banking Corporation of Florida has a dividend payout ratio of 33.2% meaning its dividend is sufficiently covered by earnings. Equities analysts expect Seacoast Banking Corporation of Florida to earn $1.94 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 37.1%.

Seacoast Banking Corporation of Florida Stock Performance

Shares of SBCF opened at $30.12 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 0.36. The stock has a 50 day moving average of $30.59 and a 200 day moving average of $27.64. Seacoast Banking Corporation of Florida has a 12 month low of $21.36 and a 12 month high of $32.33. The company has a market capitalization of $2.65 billion, a price-to-earnings ratio of 18.48 and a beta of 0.94.

Seacoast Banking Corporation of Florida (NASDAQ:SBCF - Get Free Report) last released its earnings results on Monday, February 14th. The financial services provider reported $0.55 earnings per share (EPS) for the quarter. Seacoast Banking Corporation of Florida had a return on equity of 6.65% and a net margin of 16.63%.The business had revenue of $83.85 million during the quarter. As a group, sell-side analysts forecast that Seacoast Banking Corporation of Florida will post 1.71 earnings per share for the current year.

About Seacoast Banking Corporation of Florida

Seacoast Banking Corp. of Florida is a financial holding company, which engages in the provision of integrated financial services. It provides banking and investment services to businesses and consumers, including personal and business deposit products, Internet and mobile banking, personal, commercial and mortgage loans, wealth management services, and treasury management solutions.

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