Eagle Bancorp (EGBN) Declares $0.45 Quarterly Dividend; Approves Buyback

Eagle Bancorp (NASDAQ: EGBN) declared a quarterly dividend of $0.45 per share, or $1.8 annualized.

The dividend will be payable on January 31, 2023, to stockholders of record on January 5, 2023, with an ex-dividend date of January 4, 2023.

The annual yield on the dividend is 4.1 percent.

Additionally, the Board of Directors adopted a new share repurchase program to take effect starting January 1, 2023, after the expiration of the current repurchase program on December 31, 2022. The Board of Directors authorized the repurchase of 1,600,000 shares of common stock, or approximately 5% of the Company’s outstanding shares of common stock, under the new repurchase program, which will expire on December 31, 2023, subject to earlier termination of the program by the Board of Directors.

For a dividend history and other dividend-related data on Eagle Bancorp (EGBN) click here.

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