ConnectOne Bancorp, Inc. (CNOB) To Go Ex-Dividend on November 14th

ConnectOne Bancorp, Inc. (NASDAQ:CNOB) announced a quarterly dividend on Thursday, October 30th. Investors of record on Friday, November 14th will be given a dividend of 0.18 per share by the financial services provider on Monday, December 1st. This represents a c) dividend on an annualized basis and a dividend yield of 2.9%. The ex-dividend date of this dividend is Friday, November 14th.

ConnectOne Bancorp has increased its dividend payment by an average of 0.2%per year over the last three years and has increased its dividend every year for the last 4 years. ConnectOne Bancorp has a payout ratio of 22.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect ConnectOne Bancorp to earn $3.26 per share next year, which means the company should continue to be able to cover its $0.72 annual dividend with an expected future payout ratio of 22.1%.

ConnectOne Bancorp Stock Performance

CNOB opened at $24.61 on Wednesday. The business’s 50-day simple moving average is $24.86 and its 200 day simple moving average is $24.14. ConnectOne Bancorp has a 52-week low of $20.61 and a 52-week high of $29.31. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.97 and a current ratio of 0.97. The firm has a market capitalization of $1.24 billion, a PE ratio of 28.29 and a beta of 1.18.

ConnectOne Bancorp (NASDAQ:CNOB) last posted its quarterly earnings results on Thursday, October 30th. The financial services provider reported $0.70 earnings per share for the quarter, topping the consensus estimate of $0.68 by $0.02. ConnectOne Bancorp had a return on equity of 7.12% and a net margin of 6.85%.The firm had revenue of $110.78 million for the quarter, compared to analyst estimates of $111.20 million. As a group, sell-side analysts expect that ConnectOne Bancorp will post 2.23 earnings per share for the current fiscal year.

About ConnectOne Bancorp

ConnectOne Bancorp, Inc operates as the bank holding company for ConnectOne Bank that provides commercial banking products and services for small and mid-sized businesses, local professionals, and individuals in the New York Metropolitan area and South Florida market. The company offers personal and business checking, money market, and time and savings accounts; credit cards, wire transfers, safe deposit boxes, automated teller services and telephone, and internet and mobile banking.