Yahoo Finance Landmark Bancorp (NASDAQ:LARK) Is Paying Out A Dividend Of $0.21
The board of Landmark Bancorp, Inc. (NASDAQ:LARK) has announced that it will pay a dividend of $0.21 per share on the 31st of May. Based on this payment, the dividend yield will be 4.3%, which is fairly typical for the industry.
See our latest analysis for Landmark Bancorp
Landmark Bancorp's Dividend Forecasted To Be Well Covered By Earnings
We like to see a healthy dividend yield, but that is only helpful to us if the payment can continue.
Landmark Bancorp has a long history of paying out dividends, with its current track record at a minimum of 10 years. Past distributions do not necessarily guarantee future ones, but Landmark Bancorp's payout ratio of 42% is a good sign as this means that earnings decently cover dividends.
If the trend of the last few years continues, EPS will grow by 18.8% over the next 12 months. If the dividend continues on this path, the future payout ratio could be 39% by next year, which we think can be pretty sustainable going forward.
Landmark Bancorp Has A Solid Track Record
Even over a long history of paying dividends, the company's distributions have been remarkably stable. Since 2013, the dividend has gone from $0.444 total annually to $0.84. This means that it has been growing its distributions at 6.6% per annum over that time. The growth of the dividend has been pretty reliable, so we think this can offer investors some nice additional income in their portfolio.
The Dividend Looks Likely To Grow
Investors could be attracted to the stock based on the quality of its payment history. It's encouraging to see that Landmark Bancorp has been growing its earnings per share at 19% a year over the past five years. Shareholders are getting plenty of the earnings returned to them, which combined with strong growth makes this quite appealing.
Landmark Bancorp Looks Like A Great Dividend Stock
Overall, we like to see the dividend staying consistent, and we think Landmark Bancorp might even raise payments in the future. Earnings are easily covering distributions, and the company is generating plenty of cash. Taking this all into consideration, this looks like it could be a good dividend opportunity.
Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. As an example, we've identified 2 warning signs for Landmark Bancorp that you should be aware of before investing. Looking for more high-yielding dividend ideas? Try our collection of strong dividend payers.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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