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.
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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.
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