First Ottawa Bancshares said on May 19, 2023 that its board of directors declared a regular semi-annual dividend of $0.75 per share ($1.50 annualized). Previously, the company paid $0.75 per share.
Shares must be purchased before the ex-div date of May 31, 2023 to be eligible for the dividend. Shareholders of record as of June 1, 2023 will receive payment on July 1, 2023.
At the current share price of $94.51/share, the stock’s dividend yield is 1.59%.
Looking back five years and taking a sample each week, the average dividend yield was 2.63%, the low 1.60% and the high 3.82%. The standard deviation of returns is 0.62 (n=166).
The current dividend yield is 1.69 standard deviations below the historical average.
The company has not increased its dividend in the past three years.
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What is fund sentiment?
There are 1 fund or institution reporting positions in First Ottawa Bancshares. This is unchanged over the last quarter. Average portfolio weight of all funds dedicated to FOTB is 0.95%, an increase of 9.73%. The total number of shares held by institutions has increased over the past three months by 5.10% to 29,000 shares.
What are the other shareholders doing?
Siena Capital Partners GP holds 29,000 shares. In its previous filing, the company said it held 27,000 shares, representing a raise of 4.85%. The company increase its portfolio allocation in FOTB of 9.40% over the last quarter.
Key deposits for this company:
This story originally appeared on Fintel.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.