Enterprise Bancorp, Inc Plans Quarterly Dividend of $0.15 (EBTC)
Enterprise Bancorp, Inc (NASDAQ:EBTC) declared a quarterly dividend on Wednesday, July 18th, Wall Street Journal reports. Stockholders of record on Monday, August 13th will be paid a dividend of 0.145 per share by the savings and loans company on Tuesday, September 4th. This represents a $0.58 annualized dividend and a dividend yield of 1.53%. The ex-dividend date of this dividend is Friday, August 10th.
Enterprise Bancorp has increased its dividend by an average of 4.0% per year over the last three years and has increased its dividend every year for the last 5 years.
Shares of Enterprise Bancorp opened at $37.86 on Thursday, according to Marketbeat Ratings. Enterprise Bancorp has a 52-week low of $30.00 and a 52-week high of $44.14. The company has a debt-to-equity ratio of 0.06, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market capitalization of $445.11 million, a PE ratio of 17.56 and a beta of 0.90.
Separately, BidaskClub lowered Enterprise Bancorp from a “hold” rating to a “sell” rating in a research report on Friday, July 13th.
About Enterprise Bancorp
Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that provides various banking products and services primarily in the greater Merrimack Valley and North Central regions of Massachusetts and Southern New Hampshire. The company offers commercial checking, business and municipal savings accounts, term certificates of deposit, money market and business sweep accounts, interest on lawyers trust accounts, escrow management accounts, personal checking accounts, savings accounts, and individual retirement accounts, as well as checking and simplified employee pension accounts.
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