BancFirst Corporation (NASDAQ:BANF) will pay a dividend of $0.43 on the 15th of July. Even though the dividend went up, the yield is still quite low at only 2.1%.
See our latest analysis for BancFirst
BancFirst’s Dividend Forecasted To Be Well Covered By Earnings
Even a low dividend yield can be attractive if it is sustained for years on end.
BancFirst has a long history of paying out dividends, with its current track record at a minimum of 10 years. Taking data from its last earnings report, calculating for the company’s payout ratio shows 27%, which means that BancFirst would be able to pay its last dividend without pressure on the balance sheet.
EPS is set to fall by 6.2% over the next 12 months. But if the dividend continues along the path it has been on recently, we estimate the future payout ratio could be 33%, which would be comfortable for the company to continue in the future.
