Eastern Bankshares Inc. (NASDAQ: EBC) announced a $0.11/share quarterly dividend for June 14, yielding 3.37%.
Eastern Bankshares Inc. (NASDAQ: EBC) announced a $0.11/share quarterly dividend for June 14, covering an annual $0.44 dividend with a 3.37% yield. The company, with a $2.3B market cap and 0.85 beta, posted Q1 net income of $38.6M, up from $194.1M in Q1 2023. EPS exceeded estimates, while revenue fell short. EBC expects 24% annual revenue growth over 2 years, higher than the 6% US banking industry forecast.
April 27, 2024
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