Live Oak Bancshares, Inc. to Issue Quarterly Dividend of $0.03 (NYSE:LOB)

Live Oak Bancshares, Inc. (NYSE:LOBGet Free Report) announced a quarterly dividend on Tuesday, May 19th. Investors of record on Tuesday, June 2nd will be given a dividend of 0.03 per share on Monday, June 15th. This represents a c) dividend on an annualized basis and a yield of 0.3%. The ex-dividend date of this dividend is Tuesday, June 2nd.

Live Oak Bancshares has a dividend payout ratio of 4.4% meaning its dividend is sufficiently covered by earnings. Analysts expect Live Oak Bancshares to earn $4.05 per share next year, which means the company should continue to be able to cover its $0.12 annual dividend with an expected future payout ratio of 3.0%.

Live Oak Bancshares Trading Up 0.6%

NYSE:LOB opened at $36.42 on Wednesday. The stock has a market capitalization of $1.68 billion, a PE ratio of 13.85 and a beta of 1.92. Live Oak Bancshares has a 12 month low of $26.19 and a 12 month high of $42.89. The firm’s 50 day moving average is $35.07 and its 200 day moving average is $35.53.

Live Oak Bancshares (NYSE:LOBGet Free Report) last announced its earnings results on Wednesday, April 22nd. The company reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.54 by $0.06. The company had revenue of $145.47 million during the quarter, compared to analyst estimates of $146.02 million. Live Oak Bancshares had a net margin of 11.79% and a return on equity of 11.18%. Research analysts predict that Live Oak Bancshares will post 2.95 earnings per share for the current year.

Live Oak Bancshares Company Profile

(Get Free Report)

Live Oak Bancshares, Inc is a bank holding company headquartered in Wilmington, North Carolina, and operates through its subsidiary Live Oak Banking Company. Founded in 2008, the company leverages a branchless, technology-driven platform to deliver specialty lending and deposit products across the United States. Live Oak Bancshares completed its initial public offering in February 2018 and trades on the NYSE under the ticker symbol LOB.

The company’s primary focus is on originating and servicing commercial loans for small businesses in select industry verticals.

Further Reading

Dividend History for Live Oak Bancshares (NYSE:LOB)

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