ConnectOne Bancorp Raises Quarterly Dividend

ConnectOne Bancorp, Inc. raised its quarterly dividend to $0.195 per share from $0.18, an 8.33% increase, with the stock trading ex-dividend on May 15, 2026.

The increase lifts the company’s annualized dividend to $0.78 per share. Based on a share price of $31.95, the forward annual yield is 2.44%.

ConnectOne, which trades on Nasdaq under the ticker CNOB, is a financial services company with a market capitalization of $1.61 billion. The latest action extends its record of consecutive dividend growth to 15 years. The company previously cut its dividend in 2009, a reminder that bank dividends can be sensitive to credit cycles, capital requirements and broader economic stress.

The increase comes as regional banks continue to balance shareholder returns with capital preservation, loan quality and funding costs. Investor’s Business Daily recently reported that ConnectOne posted stronger latest-quarter results, including growth in earnings per share and revenue, and ranked the company among Northeast bank peers in its screening work. Investor’s Business Daily

What it means for income investors

For income-focused shareholders, the dividend increase modestly raises the cash return from CNOB shares and reinforces the company’s multi-year pattern of annual dividend growth. The new quarterly rate also keeps the payout on a regular schedule, which is important for investors who track recurring income.

The company’s dividend safety score is 89 out of 100, with an A safety grade. That score suggests a relatively strong dividend profile under SmarterDividends’ framework, though bank dividends remain tied to earnings quality, credit performance and regulatory capital needs.

The key takeaway is straightforward: ConnectOne has raised its dividend again, adding to a 15-year growth streak and increasing the annualized payout to $0.78 per share. Investors focused on income may view the action as a sign of continued capital return discipline, while still monitoring the operating backdrop for regional banks.