<div id="readability-page-1"><p>→ Red Alert: Your Money's Disappearance Act - Banks' Greed Unleashed! <span><span><span>(From Priority Gold)</span> <span>(Ad)</span></span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTQ1?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTQ1"/></span></p><div id="articlecontent"> <p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/eastern-bankshares-inc-logo-1200x675.jpg/query-dj0yMDIyMTExODExMjUxOA?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="1200" height="675" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/logos/eastern-bankshares-inc-logo-1200x675.jpg/query-dj0yMDIyMTExODExMjUxOA"/><strong>Eastern Bankshares, Inc.</strong> (NASDAQ:EBC - Get Free Report) announced a quarterly dividend on Thursday, April 25th, Zacks reports. Investors of record on Monday, June 3rd will be paid a dividend of 0.11 per share on Friday, June 14th. This represents a $0.44 dividend on an annualized basis and a dividend yield of 3.37%. The ex-dividend date of this dividend is Monday, June 3rd. </p><div><p><span></span><span>Get <strong>Eastern Bankshares</strong> alerts:</span></p></div><p>Eastern Bankshares has a payout ratio of 29.3% indicating that its dividend is sufficiently covered by earnings. Equities analysts expect Eastern Bankshares to earn $1.50 per share next year, which means the company should continue to be able to cover its $0.44 annual dividend with an expected future payout ratio of 29.3%. </p><h2>Eastern Bankshares Stock Performance</h2><p>Shares of NASDAQ EBC traded up $0.10 during trading hours on Friday, reaching $13.04. The stock had a trading volume of 946,254 shares, compared to its average volume of 819,752. Eastern Bankshares has a fifty-two week low of $9.93 and a fifty-two week high of $15.07. The firm has a 50-day moving average of $13.11 and a 200-day moving average of $13.08. The company has a current ratio of 0.82, a quick ratio of 0.82 and a debt-to-equity ratio of 0.01. The firm has a market cap of $2.30 billion, a price-to-earnings ratio of 4.58 and a beta of 0.85. </p><p>Eastern Bankshares (NASDAQ:EBC - Get Free Report) last issued its earnings results on Thursday, January 25th. The company reported $0.10 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.21 by ($0.11). The business had revenue of $160.05 million for the quarter, compared to analysts' expectations of $153.53 million. Eastern Bankshares had a return on equity of 5.75% and a net margin of 49.59%. Equities research analysts predict that Eastern Bankshares will post 1.18 earnings per share for the current year. </p><h2>Analyst Upgrades and Downgrades</h2><div><div><p><span><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTQ1?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" height="1" width="1" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/TriggeredCampaignPixel.ashx/query-UGxhY2VtZW50PU5hdGl2ZURpc3BsYXkmU291cmNlPU5hdGl2ZURpc3BsYXkmVHJpZ2dlcmVkQ2FtcGFpZ25JRD03NTQ1"/></span></p><div><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2059push_gold_01.jpg?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="200" height="200" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/images/webpush/files/thumb_2059push_gold_01.jpg"/></p></div><div><p><b>Ad </b> Priority Gold</p><p>Red Alert: Your Money's Disappearance Act - Banks' Greed Unleashed!</p><p>Get your free information kit NOW, before it’s too late. Inside you’ll get the 3 secret strategies you can put in place starting today, so “they” don’t get your money tomorrow.</p><p>Click here for your free guide</p></div></div></div><p>Separately, Keefe, Bruyette &amp; Woods reissued an &#34;outperform&#34; rating on shares of Eastern Bankshares in a research note on Friday, January 26th.</p><p><b>Check Out Our Latest Stock Analysis on Eastern Bankshares</b></p><h2>Insider Activity at Eastern Bankshares</h2><p>In related news, Director Luis Borgen sold 40,288 shares of the firm's stock in a transaction that occurred on Monday, March 18th. The stock was sold at an average price of $13.08, for a total value of $526,967.04. Following the completion of the transaction, the director now directly owns 42,040 shares of the company's stock, valued at approximately $549,883.20. The transaction was disclosed in a document filed with the Securities &amp; Exchange Commission, which is accessible through the SEC website. 1.15% of the stock is currently owned by company insiders. </p><h2>About Eastern Bankshares</h2><p> (Get Free Report)</p><p>Eastern Bankshares, Inc operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. The company provides deposit accounts, interest checking accounts, money market accounts, savings accounts, and time certificates of deposit accounts.</p><h2>Featured Articles</h2><ul><li>Five stocks we like better than Eastern Bankshares</li><li>Stock Trading Terms - Stock Terms Every Investor Needs to Know</li><li>MarketBeat Week in Review – 4/22 - 4/26</li><li>What does consumer price index measure? </li><li>3 Stocks Leading the U.S. Agriculture Comeback</li><li>The Role Economic Reports Play in a Successful Investment Strategy</li><li>How to Use Put Debit Spreads to Profit From Falling Stocks </li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RUJD?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="325" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/DividendChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9RUJD"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. 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<p>Eastern Bankshares, Inc. (NASDAQ:EBC) has declared a quarterly dividend of $0.11 per share, representing an annualized dividend of $0.44 and a dividend yield of 3.37%. The ex-dividend date is June 3rd, and shareholders of record on that date will receive the dividend on June 14th. The company's payout ratio is 29.3%, indicating that the dividend is sufficiently covered by earnings. Analysts expect Eastern Bankshares to earn $1.50 per share next year, supporting the continuation of the dividend.</p>

Eastern Bankshares, Inc. (NASDAQ:EBC) to Issue Quarterly Dividend of $0.11