Origin Bancorp, Inc. Announces Declaration of Quarterly Cash Dividend
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The declaration of a quarterly cash dividend by Origin Bancorp, Inc. signals a distribution of profits back to shareholders, which is often a sign of financial stability and confidence in the company's earnings. Dividends are a critical factor in the total return on investment for shareholders and can influence the stock's attractiveness in the market. The dividend yield, calculated by dividing the annual dividends per share by the stock price, is a key metric that investors use to assess the income-generating potential of a stock relative to its price.
Investors should note the ex-dividend date, which is typically set two business days before the record date. If an investor purchases the stock on or after this date, they will not be eligible for the declared dividend. In this case, the ex-dividend date would be February 13, 2024. The timing of this dividend payment should be considered in the context of the company's historical dividend policy and any potential implications for its future cash flows and investment strategies.
Origin Bancorp's announcement of a cash dividend can also be seen as an indicator of its position within the banking industry. Banks that consistently pay dividends might be perceived as more mature and stable, which could attract a certain class of income-focused investors. However, it is important to analyze this dividend announcement in the context of the company's payout ratio, which is the proportion of earnings paid out as dividends to shareholders. A sustainable payout ratio suggests that the company is able to maintain or grow its dividend over time without compromising its financial health.
Additionally, market reaction to dividend announcements can vary. While a dividend payment can be a positive signal, investors often look beyond the dividend to the underlying financial performance and strategic direction of the company. Factors such as the bank's loan portfolio quality, interest rate risk management and growth prospects in its regional markets are also critical to assess alongside dividend information.
RUSTON, La., Jan. 24, 2024 (GLOBE NEWSWIRE) -- Origin Bancorp, Inc. (NYSE: OBK) ("Origin"), the holding company for Origin Bank, today announced that on January 24, 2024, its board of directors declared a quarterly cash dividend of
About Origin Bancorp, Inc.
Origin Bancorp, Inc. is a financial holding company headquartered in Ruston, Louisiana. Origin’s wholly owned bank subsidiary, Origin Bank, was founded in 1912 in Choudrant, Louisiana. Deeply rooted in Origin’s history is a culture committed to providing personalized, relationship banking to businesses, municipalities, and personal clients to enrich the lives of the people in the communities it serves. Origin provides a broad range of financial services and currently has over 60 locations from Dallas/Fort Worth, East Texas and Houston, across North Louisiana and into Mississippi. For more information, visit www.origin.bank.
Forward-Looking Statements
When used in filings by Origin Bancorp, Inc. (the "Company") with the Securities and Exchange Commission (the "SEC"), in the Company's press releases or other public or stockholder communications, and in oral statements made with the approval of an authorized executive officer, the words or phrases "anticipates," "believes," "estimates," "expects," “foresees,” "intends," "plans," "projects," and similar expressions or future or conditional verbs such as "could," "may," “might,” "should," "will," and "would" or variations of such terms" are intended to identify "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements are subject to certain risks and uncertainties that could cause actual results to differ materially from historical earnings and those presently anticipated or projected. Factors that might cause such a difference include among other things: the expected payment date of its quarterly cash dividend; changes in economic conditions; other legislative changes generally; changes in policies by regulatory agencies; fluctuations in interest rates; the risks of lending and investing activities, including changes in the level and direction of loan delinquencies and write-offs and changes in estimates of the adequacy of the allowance for loan losses; the Company's ability to access cost-effective funding; fluctuations in real estate values and both residential and commercial real estate market conditions; demand for loans and deposits in the Company's market area; competition; and changes in management’s business strategies and other factors set forth in the Company's filings with the SEC.
The Company does not undertake and specifically declines any obligation - to update or revise any forward-looking statements to reflect events or circumstances that occur after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.
Contact Information
Investor Relations
Chris Reigelman
318-497-3177
chris@origin.bank
Media Contact
Ryan Kilpatrick
318-232-7472
rkilpatrick@origin.bank
FAQ
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