Company Overview - Colony Bankcorp (CBAN) is based in Fitzgerald and operates in the Finance sector, with a year-to-date share price change of -10.08% [5] - The company currently pays a dividend of $0.11 per share, resulting in a dividend yield of 3.76%, which is higher than the Banks - Southeast industry's yield of 2.78% and the S&P 500's yield of 1.58% [5] Dividend Performance - The current annualized dividend of Colony Bankcorp is $0.45, reflecting a 2.3% increase from the previous year [2] - Over the past five years, the company has increased its dividend five times, achieving an average annual increase of 7.42% [2] - The current payout ratio is 34%, indicating that the company pays out 34% of its trailing 12-month earnings per share as dividends [2] Earnings Outlook - Colony Bankcorp is expected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2024 at $1.31 per share, representing a year-over-year growth rate of 1.55% [8] Investment Considerations - The company is viewed as a compelling investment opportunity due to its strong dividend profile, especially in comparison to high-yielding stocks that may struggle during periods of rising interest rates [9] - Colony Bankcorp holds a Zacks Rank of 3 (Hold), indicating a stable investment position [9]
Why Colony Bankcorp (CBAN) is a Great Dividend Stock Right Now