Provident Bancorp, Inc. (PVBC) Dividends
Dividend Yield and Dividend History Highlights
- Over the past six years, PVBC has issued more dividends than only 1.59% of other dividend-issuing US stocks.
- If you're seeking price stability while collecting dividends, note that PVBC has less volatility in its price than merely 14.46% of US stocks in our dividend set.
- As for stocks whose price is uncorrelated with PVBC's price and thus may be suitable peers for a diversified dividend portfolio, check out the following: BAH, NYT, CTIB, WPM and CONE.
PVBC Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $11.00 | $8.54 | -45.26% |
The Dividend Discount Model (DDM) is a valuation model that attempts to determine a fair share price for a stock, based on the dividend it provides in comparison to several company-specific metrics indicative of the riskiness of the stock and the financial health of the company. Regarding Provident Bancorp Inc, the DDM model, as implemented by StockNews, implies a negative return of 45.26% relative to its current price. Digging deeper, the aspects of Provident Bancorp Inc's dividend discount model that we found most interesting were:
- In comparison to stocks we observe that provide shareholders with a dividend, Provident Bancorp Inc produces a dividend yield 1.03% -- which falls in the bottom 17.62%.
- Beta tells us how volatile a stock's price is relative to the broader equity index; as for PVBC, approximately 73.04% of US-listed dividend issuers had a higher beta, and thus may have greater price volatility.
- PVBC's market cap of approximately $281 million makes it a small-sized market cap company; out of dividend issuers in this group, the investment opportunity based on the difference between its current share price and its forecasted DDM value is greater than merely 22.35% of them.
PVBC Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2022-08-11 | Dividend | $0.04 | -- |
| 2022-05-12 | Dividend | $0.04 | -- |
| 2022-02-09 | Dividend | $0.04 | -- |
| 2021-11-12 | Dividend | $0.04 | -- |
| 2021-08-12 | Dividend | $0.04 | -- |
| 2021-05-06 | Dividend | $0.04 | +33.33% |
| 2021-02-10 | Dividend | $0.03 | -- |
| 2020-11-04 | Dividend | $0.03 | -- |
| 2020-07-29 | Dividend | $0.03 | -- |
| 2020-04-29 | Dividend | $0.03 | -- |
| 2019-10-17 | Split |
PVBC Dividends vs. Peers
PVBC's dividend yield currently ranks #74 of 111 vs. its peers in the Northeast Regional Banks category.