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WILMINGTON, NC – Live Oak Bancshares Inc . (NYSE:LOB), a state commercial bank headquartered in North Carolina, announced today that its Board of Directors has declared a cash dividend for its shareholders. The dividend of $0.03 per share, representing a yield of 0.34%, is payable on March 11, 2025, to shareholders of record as of February 25, 2025.
This financial event follows the company’s established pattern of sharing profits with its investors and marks an ongoing commitment to return value to its shareholders. According to InvestingPro data, Live Oak Bancshares has maintained dividend payments for 10 consecutive years, demonstrating a consistent track record of shareholder returns. The dividend is allocated to holders of the company’s voting common stock.
Live Oak Bancshares, recognized by its trading symbol LOB on the New York Stock Exchange, has made this information public through a filing with the Securities and Exchange Commission (SEC). The announcement comes as the stock has experienced a 9.56% decline over the past six months, though InvestingPro analysis suggests the stock may be slightly undervalued at current levels. The announcement is consistent with the company’s previous communications and practices regarding dividends.
Investors and stakeholders in Live Oak Bancshares can view this latest declaration as a continuation of the company’s financial strategies and shareholder relations. While the bank has not provided additional commentary on the reasons for the dividend, InvestingPro data shows the company maintains healthy financials with a revenue growth of 3.04% in the last twelve months and positive earnings forecasts for the upcoming year. The bank has not provided additional commentary on the implications for the company’s financial health.
The declaration of dividends is a common practice among publicly traded companies, allowing them to distribute a portion of their earnings back to their shareholders. It is often interpreted as a sign of a company’s stable earnings and confidence in its financial position. For deeper insights into Live Oak Bancshares’ financial health and additional ProTips, investors can access comprehensive analysis through InvestingPro’s detailed research reports.
The information regarding the dividend declaration is based on the company’s recent SEC filing, ensuring transparency and regulatory compliance in its communications with the public and the financial community.
Shareholders of Live Oak Bancshares can anticipate the receipt of the dividend in early March, provided they are recorded as holding shares by the late February record date. The company has not made any additional forward-looking statements in connection with this dividend announcement.
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