WICHITA, KS - Equity Bancshares Inc . (NYSE:EQBK), a Kansas-based state commercial bank, has declared a quarterly cash dividend of $0.15 per share of common stock, as announced in their recent SEC filing. This dividend is payable on October 15, 2024, to shareholders on record by the close of business on September 30, 2024.
The decision for this dividend payout was made by the Board of Directors on Thursday, September 12, 2024. Equity Bancshares, headquartered at 7701 E. Kellogg (NYSE:K) Drive, Suite 300, Wichita, Kansas, communicated the declaration through a Form 8-K filing with the Securities and Exchange Commission on Monday.
The company, listed on the New York Stock Exchange under the ticker EQBK, has made this information public in compliance with the SEC regulations, ensuring that all stakeholders are informed of the latest financial decisions made by the company's leadership.
This dividend issuance follows the company's established pattern of returning value to its shareholders and reflects the company's financial health and commitment to its dividend policy. Equity Bancshares has not disclosed any additional events or financial details in the filing beyond the dividend announcement.
InvestingPro Insights
With Equity Bancshares Inc. (NYSE:EQBK) announcing its latest dividend, investors may consider the company's financial health and future prospects. According to InvestingPro data, Equity Bancshares currently has a market capitalization of $624.26 million and is trading at a high earnings multiple with a P/E ratio of 63.97. Adjusted figures for the last twelve months as of Q2 2024 show a P/E ratio of 51.64. The company's revenue for the same period stands at $152.95 million, although it experienced a decline of 21.68% in revenue growth. Despite this, the company has a notable dividend yield of 1.19% and has increased its dividend by 20% in the last twelve months.
An InvestingPro Tip highlights that Equity Bancshares has raised its dividend for three consecutive years, which may be attractive to income-focused investors. Additionally, the company has had a strong return over the last year, with a 68.86% price total return, indicating robust investor confidence. The company is also trading near its 52-week high, at 97.41% of the peak price. Interested parties can explore further details and additional InvestingPro Tips, such as the anticipated net income growth this year and the four analysts who have revised their earnings expectations upwards for the upcoming period, by visiting the InvestingPro platform.
For those considering an investment in Equity Bancshares, it's worth noting that the company is predicted to be profitable this year, as per analyst forecasts. With 11 additional InvestingPro Tips available, investors can gain a comprehensive understanding of the company's financial position and potential investment value.
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