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Why ConnectOne Bancorp (CNOB) is a Great Dividend Stock Right Now
ConnectOne BancorpConnectOne Bancorp(US:CNOB) ZACKSยท2025-07-01 16:46

Company Overview - ConnectOne Bancorp (CNOB) is based in Englewood Cliffs and operates in the Finance sector, with a year-to-date share price change of 1.09% [3] - The company currently pays a dividend of $0.18 per share, resulting in a dividend yield of 3.11%, which is higher than the Banks - Northeast industry's yield of 2.78% and the S&P 500's yield of 1.57% [3] Dividend Performance - The current annualized dividend of $0.72 represents a 1.4% increase from the previous year [4] - Over the past five years, ConnectOne Bancorp has increased its dividend four times, achieving an average annual increase of 18.45% [4] - The company's payout ratio stands at 38%, indicating that it paid out 38% of its trailing 12-month earnings per share as dividends [4] Earnings Growth Expectations - For the fiscal year, CNOB anticipates solid earnings growth, with the Zacks Consensus Estimate for 2025 projected at $2.50 per share, reflecting a year-over-year earnings growth rate of 37.36% [5] Investment Appeal - ConnectOne Bancorp is viewed as an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 2 (Buy) [7]