Why Cadence (CADE) is a Top Dividend Stock for Your Portfolio

Company Overview - Cadence (CADE) is headquartered in Tupelo and has experienced a price change of -8.8% this year [3] - The company currently pays a dividend of $0.28 per share, resulting in a dividend yield of 3.5%, which is higher than the Southeast Banks industry's yield of 2.42% and the S&P 500's yield of 1.53% [3] Dividend Performance - Cadence's annualized dividend of $1.10 has increased by 10% from the previous year [4] - The company has raised its dividend five times over the last five years, achieving an average annual increase of 8.28% [4] - The current payout ratio is 39%, indicating that Cadence paid out 39% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for Cadence's earnings in 2025 is $2.85 per share, reflecting a year-over-year earnings growth rate of 4.01% [5] Investment Appeal - Cadence is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [7]