Why Bar Harbor Bankshares (BHB) is a Great Dividend Stock Right Now

Company Overview - Bar Harbor Bankshares (BHB) is headquartered in Bar Harbor and operates in the Finance sector [3] - The stock has experienced a price change of 4.68% since the beginning of the year [3] Dividend Information - BHB currently pays a dividend of $0.3 per share, resulting in a dividend yield of 3.75% [3] - This yield is significantly higher than the Banks - Northeast industry's yield of 2.6% and the S&P 500's yield of 1.54% [3] - The company's annualized dividend of$ 1.20 has increased by 1.7% from the previous year [4] - Over the past five years, BHB has raised its dividend four times, averaging an annual increase of 7.72% [4] - The current payout ratio is 42%, indicating that 42% of its trailing 12-month EPS is distributed as dividends [4] Earnings Growth - BHB is projected to see earnings growth this fiscal year, with the Zacks Consensus Estimate for 2025 at $2.84 per share, reflecting a year-over-year growth rate of 0.35% [5] Investment Appeal - BHB is considered an attractive dividend investment and is rated with a Zacks Rank of 2 (Buy) [7] - The company is viewed as a compelling investment opportunity due to its secure profits and dividend offerings [7]