Brookline Bancorp, Inc. Announces Quarterly Dividend of $0.14 (NASDAQ:BRKL)

Brookline Bancorp, Inc. (NASDAQ:BRKL) declared a quarterly dividend on Wednesday, October 23rd, Zacks reports. Stockholders of record on Friday, November 15th will be paid a dividend of 0.135 per share by the bank on Friday, November 29th. This represents a $0.54 dividend on an annualized basis and a dividend yield of 5.12%. The ex-dividend date is Friday, November 15th.

Brookline Bancorp has increased its dividend payment by an average of 5.5% annually over the last three years. Brookline Bancorp has a dividend payout ratio of 55.1% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Brookline Bancorp to earn $0.97 per share next year, which means the company should continue to be able to cover its $0.54 annual dividend with an expected future payout ratio of 55.7%.

Brookline Bancorp Stock Up 0.5 %

Brookline Bancorp stock opened at $10.54 on Friday. The company has a debt-to-equity ratio of 1.19, a quick ratio of 1.11 and a current ratio of 1.11. Brookline Bancorp has a twelve month low of $7.93 and a twelve month high of $11.52. The firm’s 50 day moving average price is $10.09 and its two-hundred day moving average price is $9.39. The firm has a market cap of $936.95 million, a PE ratio of 11.33 and a beta of 0.78.

Brookline Bancorp (NASDAQ:BRKL) last issued its quarterly earnings data on Wednesday, October 23rd. The bank reported $0.23 earnings per share for the quarter, beating the consensus estimate of $0.20 by $0.03. Brookline Bancorp had a net margin of 12.04% and a return on equity of 6.51%. During the same quarter last year, the firm earned $0.26 EPS. On average, research analysts predict that Brookline Bancorp will post 0.77 EPS for the current fiscal year.

Wall Street Analyst Weigh In

Separately, Keefe, Bruyette & Woods lifted their target price on shares of Brookline Bancorp from $10.50 to $11.00 and gave the stock a “market perform” rating in a report on Friday, July 26th.

Brookline Bancorp Company Profile

Brookline Bancorp, Inc operates as a bank holding company for the Brookline Bank that provide commercial, business, and retail banking services to corporate, municipal, and retail customers in the United States. Its deposit products include demand checking, NOW, money market, and savings accounts. The company’s loan portfolio primarily comprises first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; loans and leases used to finance equipment for small businesses; financing for construction and development projects; and home equity and other consumer loans.