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Eastern Bankshares, Inc. (NASDAQ:EBC) to Issue Quarterly Dividend of $0.15
Eastern Bankshares, Inc. (NASDAQ:EBC) has declared a quarterly dividend of $0.15 per share, representing a 15.4% increase from its previous dividend and implying a dividend yield of approximately 3.1%. The dividend is payable on June 22nd to shareholders of record on June 5th. Despite missing quarterly earnings and revenue expectations, the company’s dividend appears sustainable with a payout ratio of 27.1% and analysts projecting a future payout ratio near 23.9%.