Prudential Bancorp, Inc. (PBIP) to Issue Quarterly Dividend of $0.05 on December 21st

Prudential Bancorp, Inc. (NASDAQ:PBIP) announced a quarterly dividend on Thursday, November 16th, Wall Street Journal reports. Stockholders of record on Thursday, December 7th will be given a dividend of 0.05 per share by the savings and loans company on Thursday, December 21st. This represents a $0.20 dividend on an annualized basis and a dividend yield of 1.07%. The ex-dividend date is Wednesday, December 6th. This is an increase from Prudential Bancorp’s previous quarterly dividend of $0.03.

Shares of Prudential Bancorp (NASDAQ:PBIP) opened at $18.64 on Tuesday. The company has a market capitalization of $168.99, a price-to-earnings ratio of 26.80 and a beta of -0.02. Prudential Bancorp has a twelve month low of $15.81 and a twelve month high of $18.96.

Separately, TheStreet upgraded Prudential Bancorp from a “c” rating to a “b” rating in a report on Monday, August 28th.

An institutional investor recently bought a new position in Prudential Bancorp stock. State Street Corp purchased a new stake in Prudential Bancorp, Inc. (NASDAQ:PBIP) in the 2nd quarter, according to its most recent filing with the SEC. The institutional investor purchased 83,402 shares of the savings and loans company’s stock, valued at approximately $1,516,000. State Street Corp owned approximately 0.98% of Prudential Bancorp at the end of the most recent quarter. Institutional investors and hedge funds own 36.79% of the company’s stock.

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Prudential Bancorp Company Profile

Prudential Bancorp, Inc of Pennsylvania is a mid-tier holding company for Prudential Savings Bank (the Bank). The Bank is a wholly owned subsidiary of the Company. Prudential Mutual Holding Company, a Pennsylvania corporation, is the mutual holding company parent of the Company. As of September 30, 2012, Prudential Mutual Holding Company owns 74.6% of the Company.

Dividend History for Prudential Bancorp (NASDAQ:PBIP)

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