Northfield Bancorp, Inc. (Staten Island, NY)’s (NASDAQ:NFBK) investors are due to receive a payment of $0.13 per share on 20th of August. This means the annual payment is 4.8% of the current stock price, which is above the average for the industry.

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We like to see robust dividend yields, but that doesn’t matter if the payment isn’t sustainable.

Northfield Bancorp (Staten Island NY) has established itself as a dividend paying company with over 10 years history of distributing earnings to shareholders. Past distributions do not necessarily guarantee future ones, but Northfield Bancorp (Staten Island NY)’s payout ratio of 60% is a good sign as this means that earnings decently cover dividends.

The next year is set to see EPS grow by 30.3%. Assuming the dividend continues along recent trends, we think the future payout ratio could be 51% by next year, which is in a pretty sustainable range.

historic-dividend NasdaqGS:NFBK Historic Dividend July 27th 2025

See our latest analysis for Northfield Bancorp (Staten Island NY)

The company has a sustained record of paying dividends with very little fluctuation. Since 2015, the dividend has gone from $0.28 total annually to $0.52. This works out to be a compound annual growth rate (CAGR) of approximately 6.4% a year over that time. Companies like this can be very valuable over the long term, if the decent rate of growth can be maintained.

The company’s investors will be pleased to have been receiving dividend income for some time. However, Northfield Bancorp (Staten Island NY)’s EPS was effectively flat over the past five years, which could stop the company from paying more every year. Growth of 0.4% may indicate that the company has limited investment opportunity so it is returning its earnings to shareholders instead. This could mean the dividend doesn’t have the growth potential we look for going into the future.

In summary, it is good to see that the dividend is staying consistent, and we don’t think there is any reason to suspect this might change over the medium term. Distributions are quite easily covered by earnings, which are also being converted to cash flows. Taking this all into consideration, this looks like it could be a good dividend opportunity.

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Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. For instance, we’ve picked out 1 warning sign for Northfield Bancorp (Staten Island NY) that investors should take into consideration. Is Northfield Bancorp (Staten Island NY) not quite the opportunity you were looking for? Why not check out our selection of top dividend stocks.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.