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Deja Vu #11: Can Restricted Stock Studies Be Used to Estimate DLOMs for Dividend-Paying Companies?

Chris Mercer

This eleventh post in the Deja Vu series involving restricted stock studies addresses an issue that is rarely mentioned in the context of the studies – of the impact of dividends on restricted stock discounts (RSDs). Of these 244 transactions, only 24 involved companies that paid dividends, or less than 10% of the transactions.

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3 Blue Chip Opportunities the Market Overlooked—Now's Your Chance

Benzinga

This creates a unique opportunity for investors seeking stability and consistent returns, offering the potential for capital appreciation and attractive dividend yields. which measures its market capitalization relative to its book value, suggests a potential discount. Its current P/E ratio of 17.65

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Good (Bad) Banks and Good (Bad) Investments: At the right price.

Musings on Markets

The notion of computing a cost of capital for a bank is fanciful and fruitless, and any attempt to compute an enterprise value for a bank is destined to end in failure. Note the differences between the bank FCFE and bank dividend discount models. Note the differences between the bank FCFE and bank dividend discount models.

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Salisbury Bancorp, Inc. Reports Results for First Quarter 2023; Declares 16 Cent Dividend

Benzinga

Net Interest and Dividend Income Tax equivalent net interest income of $11.3 See SUPPLEMENTAL INFORMATION – Net Interest and Dividend Income on page 9 of this release for additional details. million, were partially offset by common stock dividends paid of $0.9 Book value per common share of $22.79

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Mid Penn Bancorp, Inc. Reports First Quarter Earnings and Declares Dividend

Benzinga

With the success of the first quarter, the Board announced a quarterly cash dividend of $0.20 Book value per common share was $32.15 for the fourth quarter of 2022, while tangible book value per share (1) was $24.52 million in dividends during the first quarter of 2023. million, or 0.26%, from $512.1

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Provident Financial Services, Inc. Reports Second Quarter 2024 Results Inclusive of Merger-Related Costs and Declares Quarterly Cash Dividend

Benzinga

Declaration of Quarterly Dividend The Company's Board of Directors declared a quarterly cash dividend of $0.24 Book value per share and tangible book value per share(1) as of June 30, 2024 were $19.60 For the three months ended June 30, 2024, net charge-offs totaled $1.3 million, or $0.11

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The Corporate Life Cycle: Corporate Finance, Valuation and Investing Implications!

Musings on Markets

With declining businesses, facing shrinking revenues and margins, it is cash return or dividend policy that moves into the front seat. In decline, multiples of book value will become more common, with book value serving as a (poor) proxy for liquidation or break up value.