Stellarone Corp Declares Quarterly Dividend of $0.15 (NYSE:STEL)

Stellarone Corp (NYSE:STEL) announced a quarterly dividend on Wednesday, May 20th. Investors of record on Monday, June 15th will be given a dividend of 0.15 per share by the financial services provider on Friday, June 26th. This represents a c) annualized dividend and a yield of 1.6%. The ex-dividend date is Monday, June 15th.

Stellarone has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 1 years. Stellarone has a dividend payout ratio of 30.9% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Stellarone to earn $2.35 per share next year, which means the company should continue to be able to cover its $0.60 annual dividend with an expected future payout ratio of 25.5%.

Stellarone Stock Up 1.2%

STEL opened at $37.41 on Thursday. The business has a 50 day moving average price of $36.84 and a 200 day moving average price of $34.69. Stellarone has a twelve month low of $26.08 and a twelve month high of $40.21. The company has a debt-to-equity ratio of 0.02, a quick ratio of 0.89 and a current ratio of 0.89. The firm has a market cap of $1.90 billion, a P/E ratio of 18.25 and a beta of 0.72.

Stellarone (NYSE:STEL) last posted its earnings results on Tuesday, April 28th. The financial services provider reported $0.58 earnings per share for the quarter, topping the consensus estimate of $0.50 by $0.08. Stellarone had a return on equity of 6.54% and a net margin of 17.56%.The firm had revenue of $111.04 million during the quarter, compared to analyst estimates of $108.41 million. During the same period in the previous year, the company earned $0.46 EPS. The company’s revenue for the quarter was up 6.0% on a year-over-year basis. Research analysts forecast that Stellarone will post 2.04 EPS for the current year.

Stellarone Company Profile

StellarOne Corporation is a bank holding company of StellarOne Bank (the Bank). The Bank is an independent commercial bank holding company. It offers services provided by full-service banks, including individual and commercial demand and time deposit accounts, commercial and consumer loans, residential mortgages, credit card services and deposit services. The Bank, through its commercial banking segment, offers Internet banking access for banking services, mobile banking and online bill payment for both consumers and commercial customers.