Beacon Financial Corporation (BBT) To Go Ex-Dividend on May 15th

Beacon Financial Corporation (NYSE:BBT – Get Free Report) announced a quarterly dividend on Wednesday, April 29th. Investors of record on Friday, May 15th will be given a dividend of 0.3225 per share on Friday, May 29th. This represents a c) dividend on an annualized basis and a yield of 4.6%. The ex-dividend date of this dividend is Friday, May 15th.

Beacon Financial has increased its dividend by an average of 0.0%per year over the last three years. Beacon Financial has a payout ratio of 35.9% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Beacon Financial to earn $3.45 per share next year, which means the company should continue to be able to cover its $1.29 annual dividend with an expected future payout ratio of 37.4%.

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Beacon Financial Trading Down 0.9%

NYSE:BBT opened at $28.30 on Wednesday. Beacon Financial has a 52 week low of $22.81 and a 52 week high of $32.83. The firm has a 50 day moving average of $30.05 and a 200 day moving average of $28.22. The company has a quick ratio of 1.00, a current ratio of 1.01 and a debt-to-equity ratio of 0.43. The stock has a market capitalization of $2.38 billion, a price-to-earnings ratio of 23.39 and a beta of 0.55.

Beacon Financial (NYSE:BBT – Get Free Report) last posted its earnings results on Wednesday, April 29th. The company reported $0.70 EPS for the quarter, missing analysts’ consensus estimates of $0.83 by ($0.13). Beacon Financial had a net margin of 6.97% and a return on equity of 9.02%. The firm had revenue of $214.72 million for the quarter. As a group, sell-side analysts anticipate that Beacon Financial will post 3.13 earnings per share for the current fiscal year.

Beacon Financial Company Profile

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Truist Financial Corp. operates as a financial holding company, which engages in the provision of banking services to individuals, businesses and municipalities. The firm offers a variety of loans and lease financing to individuals and entities, including insurance premium financing, permanent commercial real estate financing arrangements, loan servicing for third-party investors, direct consumer finance loans to individuals, credit card lending, automobile financing and equipment financing. It also markets a range of other services, including deposits, life insurance, property and casualty insurance, health Truist Financial Corp.

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