Why Preferred Bank (PFBC) is a Top Dividend Stock for Your Portfolio

Company Overview - Preferred Bank (PFBC) is headquartered in Los Angeles and operates in the Finance sector, with a stock price change of 8.31% since the beginning of the year [3]. Dividend Information - The current dividend payout is $0.75 per share, resulting in a dividend yield of 3.21%, which is higher than the Banks - West industry's yield of 3.08% and the S&P 500's yield of 1.52% [3]. - The annualized dividend of $3.00 represents a 7.1% increase from the previous year, and over the last 5 years, the company has increased its dividend 5 times, averaging an annual increase of 23.36% [4]. - The current payout ratio is 32%, indicating that the company paid out 32% of its trailing 12-month earnings per share as dividends [4]. Earnings Expectations - The Zacks Consensus Estimate for earnings in fiscal year 2025 is $9.82 per share, with an expected increase of 1.87% from the previous year [5]. Investment Appeal - Preferred Bank is considered an attractive dividend play and a compelling investment opportunity, holding a Zacks Rank of 2 (Buy) [6].