Meridian Bancorp, Inc. (NASDAQ:EBSB) will begin trading ex-dividend on September 16, 2020. The quarterly dividend payment of $ 0.08 per share is scheduled to be paid on October 1, 2020. The dividend yield based on the latest trading day closing price was 2.86 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
wpDataTable with provided ID not found!Click Here For More Historical Dividends Of Meridian Bancorp, Inc.
Meridian Bancorp, Inc. recently reported second quarter financial results on July 21, 2020, after market close, the Peabody based company revealed income for the second quarter of $ 0.34 per share, from the revenue of $ 56.03 million. The quarterly earnings elevated 58.33 percent while revenues compared with the same quarter last year.
According to street consensus, EBSB was expected to report 2Q20 income of $ 0.26 per share from revenue of $ 45.61 million. The bottom line results beat street analysts by $ 0.08 or 30.77 percent, at the same time, top line results outshined analysts by $ 10.42 million or 22.85 percent.
Stock Performance
Shares of Meridian Bancorp, Inc. traded up $ 0.05 or 0.45 percent on Thursday, reaching $ 11.19 with volume of 121.80 thousand shares. Meridian Bancorp, Inc. has traded high as $ 11.31 and has cracked $ 11.13 on the downward trend
According to the previous trading day, closing price of $ 11.19, representing a 25.45 % increase from the 52 week low of $ 8.88 and a 46.6 % decrease over the 52 week high of $ 20.86.
The company has a market capital of $ 586.50 million and is part of the Financial Services sector and Savings & Cooperative Banks industry.
Meridian Bancorp, Inc. operates as the holding company for East Boston Savings Bank that provides various financial products and services for individuals and businesses primarily in Suffolk, Norfolk, Middlesex and Essex Counties, Massachusetts. The company accepts various deposit products, including non-interest-bearing demand deposits, such as checking accounts; interest-bearing demand accounts comprising NOW and money market accounts; savings accounts; and certificates of deposit, as well as commercial checking accounts.
