Enterprise Bancorp, Inc. (NASDAQ:EBTC) Announces $0.24 Quarterly Dividend

Enterprise Bancorp, Inc. (NASDAQ:EBTC) announced a quarterly dividend on Tuesday, October 15th, Zacks reports. Stockholders of record on Monday, November 11th will be given a dividend of 0.24 per share by the savings and loans company on Monday, December 2nd. This represents a $0.96 annualized dividend and a dividend yield of 2.86%. The ex-dividend date of this dividend is Friday, November 8th.

Enterprise Bancorp has increased its dividend by an average of 9.5% per year over the last three years and has increased its dividend annually for the last 6 consecutive years.

Enterprise Bancorp Price Performance

EBTC stock opened at $33.54 on Thursday. The stock’s 50 day moving average price is $30.55 and its 200 day moving average price is $27.02. The firm has a market cap of $415.06 million, a P/E ratio of 11.53 and a beta of 0.53. The company has a debt-to-equity ratio of 0.36, a quick ratio of 0.92 and a current ratio of 0.92. Enterprise Bancorp has a 1 year low of $22.60 and a 1 year high of $34.10.

Enterprise Bancorp (NASDAQ:EBTC) last released its quarterly earnings results on Tuesday, July 23rd. The savings and loans company reported $0.77 earnings per share for the quarter. The company had revenue of $41.79 million during the quarter. Enterprise Bancorp had a return on equity of 10.94% and a net margin of 14.99%.

About Enterprise Bancorp

Enterprise Bancorp, Inc operates as the holding company for Enterprise Bank and Trust Company that engages in the provision of commercial banking products and services. It offers commercial and retail deposit products, including checking accounts, limited-transactional savings and money market accounts, commercial sweep products, and term certificates of deposit.