Severn Bancorp Inc (NASDAQ:SVBI) will begin trading ex-dividend on September 4, 2020. The quarterly dividend payment of $ 0.04 per share is scheduled to be paid on September 15, 2020. The dividend yield based on the latest trading day closing price was 2.61 %. To secure the dividend payout, investors must buy the stock prior to the ex-dividend date..
Dividends History
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Severn Bancorp Inc recently reported second quarter financial results on July 24, 2020, after market close, the Annapolis based company unwinded income for the second quarter of $ 0.14 per share, from the revenue of $ 9.88 million. The quarterly earnings expanded 22.47 percent while revenues compared with the same quarter last year.
According to street consensus, revenue of was expected for the second quarter The bottom line results street analysts by $ 0.23 or , at the same time, top line results analysts by $ 0.62 million or .
Stock Performance
Shares of Severn Bancorp Inc traded up $ 0.02 or 0.33 percent on Friday, reaching $ 6.14 with volume of 2.10 thousand shares. Severn Bancorp Inc has traded high as $ 6.23 and has cracked $ 6.07 on the downward trend
According to the previous trading day, closing price of $ 6.14, representing a 43.66 % increase from the 52 week low of $ 4.26 and a 35.58 % decrease over the 52 week high of $ 9.50.
The company has a market capital of $ 78.67 million and is part of the Financial Services sector and Banks – Regional – US industry.
Severn Bancorp, Inc. operates as the holding company for Severn Savings Bank, FSB that provides a range of personal and commercial banking products and services in Maryland, Delaware, and Virginia. The companys deposit products include checking, savings, money market, time deposit, and individual retirement accounts.
