HopFed Bancorp, Inc (HFBC) Increases Dividend to $0.23 Per Share

HopFed Bancorp, Inc (NASDAQ:HFBC) declared a quarterly dividend on Thursday, May 16th, Wall Street Journal reports. Investors of record on Monday, June 3rd will be given a dividend of 0.23 per share by the savings and loans company on Monday, June 17th. This represents a $0.92 dividend on an annualized basis and a dividend yield of 4.81%. The ex-dividend date is Friday, May 31st. This is a boost from HopFed Bancorp’s previous quarterly dividend of $0.07.

HopFed Bancorp has raised its dividend by an average of 14.5% per year over the last three years and has raised its dividend annually for the last 2 consecutive years. HopFed Bancorp has a dividend payout ratio of 105.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments.

HopFed Bancorp stock opened at $19.14 on Friday. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 0.39. The company has a market capitalization of $128.06 million, a P/E ratio of 20.49 and a beta of 0.97. HopFed Bancorp has a one year low of $13.03 and a one year high of $20.36.

A number of equities analysts recently commented on HFBC shares. Zacks Investment Research lowered HopFed Bancorp from a “buy” rating to a “hold” rating in a research note on Tuesday, February 19th. ValuEngine lowered HopFed Bancorp from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st.

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HopFed Bancorp Company Profile

HopFed Bancorp, Inc operates as the bank holding company for Heritage Bank USA, Inc that provides various banking products and services. The company accepts various deposit products, including money market accounts, passbook savings accounts, individual retirement accounts, certificates of deposit, and time deposits, as well as non-interest bearing, savings, and interest bearing checking accounts.

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Dividend History for HopFed Bancorp (NASDAQ:HFBC)

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