Seacoast Banking Corp of Florida (SBCF) rallied 5.04% during the intraday trading session on Tuesday, outperforming the broader market. The stock's surge came after the company announced a quarterly dividend of $0.18 per share, payable on March 31st.

The dividend announcement was well-received by investors, as analysts view the payout as sustainable and indicative of the company's financial strength. According to a report by Simply Wall St, the dividend yield of 2.6% is in line with the industry average, and the payout ratio of 52% is considered a decent level that allows for future dividend growth.

Furthermore, analysts expect Seacoast Banking's earnings per share to grow by 52.8% over the next three years, supporting the company's ability to maintain and potentially increase its dividend payouts. While the company's dividend history is relatively short, the consistent payments and growth rate of approximately 8.5% annually since 2021 have bolstered investor confidence in the company's dividend policy.