Provident New York Bancorp About To Put More Money In Your Pocket (PBNY)

Looking at the universe of stocks we cover at Dividend Channel, on 5/2/13, Provident New York Bancorp (PBNY) will trade ex-dividend, for its quarterly dividend of $0.06, payable on 5/16/13. As a percentage of PBNY's recent stock price of $8.87, this dividend works out to approximately 0.68%, so look for shares of Provident New York Bancorp to trade 0.68% lower — all else being equal — when PBNY shares open for trading on 5/2/13.

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Below is a dividend history chart for PBNY, showing historical dividends prior to the most recent $0.06 declared by Provident New York Bancorp:

PBNY+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from PBNY is likely to continue, and whether the current estimated yield of 2.71% on annualized basis is a reasonable expectation of annual yield going forward.The chart below shows the one year performance of PBNY shares, versus its 200 day moving average:

Provident New York Bancorp 200 Day Moving Average Chart

Looking at the chart above, PBNY's low point in its 52 week range is $7.12 per share, with $9.92 as the 52 week high point — that compares with a last trade of $8.87.

In Tuesday trading, Provident New York Bancorp shares are currently up about 0.1% on the day.

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