Bank of Marin Bancorp's most recent quarterly dividend was on Feb 7, 2024 (ex-date) with a cash dividend payment of $0.25 per share. On an annualized basis, the company has a current payout of $1 per share. This brings the dividend yield to 6.48% based on its recent close price.
BMRC has a dividend yield of 6.48% which is above the Financial Services sector and the industry average. Compared to its Financial Services sector average of 3.41%, Bank of Marin Bancorp's dividend yield is 90% higher. The historical 5-year average of BMRC's dividend yield is 3.2%, which is below the current yield.
Bank of Marin Bancorp has been paying dividends since 2005. BMRC has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 1% for the last year. And since the stock price has gone down by 16% from a year ago, the dividend yield has increased by 20%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 7, 2024 | Feb 15, 2024 | Jan 25, 2024 | $0.25 | normal |
| Nov 2, 2023 | Nov 10, 2023 | Oct 23, 2023 | $0.25 | normal |
| Aug 3, 2023 | Aug 11, 2023 | Jul 21, 2023 | $0.25 | normal |
| May 4, 2023 | May 12, 2023 | Apr 21, 2023 | $0.25 | normal |
| Feb 2, 2023 | Feb 10, 2023 | Jan 20, 2023 | $0.25 | normal |
| Nov 4, 2022 | Nov 14, 2022 | Oct 21, 2022 | $0.25 | normal |
| Aug 4, 2022 | Aug 12, 2022 | Jul 22, 2022 | $0.25 | normal |
| May 5, 2022 | May 13, 2022 | Apr 22, 2022 | $0.24 | normal |
| Feb 3, 2022 | Feb 11, 2022 | Jan 21, 2022 | $0.24 | normal |
| Nov 4, 2021 | Nov 12, 2021 | Oct 25, 2021 | $0.24 | normal |
| Jul 29, 2021 | Aug 6, 2021 | Jul 16, 2021 | $0.24 | normal |
| Apr 29, 2021 | May 7, 2021 | Apr 16, 2021 | $0.23 | normal |
| Feb 4, 2021 | Feb 12, 2021 | Jan 22, 2021 | $0.23 | normal |
| Nov 5, 2020 | Nov 13, 2020 | Oct 23, 2020 | $0.23 | normal |
| Jul 30, 2020 | Aug 7, 2020 | Jul 17, 2020 | $0.23 | normal |
| Apr 30, 2020 | May 8, 2020 | Apr 17, 2020 | $0.23 | normal |
| Feb 6, 2020 | Feb 14, 2020 | Jan 24, 2020 | $0.23 | normal |
| Oct 31, 2019 | Nov 8, 2019 | Oct 18, 2019 | $0.21 | normal |
| Aug 1, 2019 | Aug 9, 2019 | Jul 19, 2019 | $0.21 | normal |
| May 2, 2019 | May 10, 2019 | Apr 22, 2019 | $0.19 | normal |
| Feb 7, 2019 | Feb 15, 2019 | Jan 25, 2019 | $0.19 | normal |
| Oct 31, 2018 | Nov 8, 2018 | Oct 19, 2018 | $0.175 | normal |
| Aug 2, 2018 | Aug 10, 2018 | Jul 20, 2018 | $0.16 | normal |
| May 3, 2018 | May 11, 2018 | Apr 20, 2018 | $0.155 | normal |
| Feb 1, 2018 | Feb 9, 2018 | Jan 19, 2018 | $0.145 | normal |
| Nov 2, 2017 | Nov 10, 2017 | Oct 20, 2017 | $0.145 | normal |
| Aug 2, 2017 | Aug 11, 2017 | Jul 21, 2017 | $0.145 | normal |
| May 3, 2017 | May 12, 2017 | Apr 21, 2017 | $0.135 | normal |
| Feb 1, 2017 | Feb 10, 2017 | Jan 20, 2017 | $0.135 | normal |
| Nov 2, 2016 | Nov 14, 2016 | Oct 21, 2016 | $0.135 | normal |
| Aug 3, 2016 | Aug 12, 2016 | Jul 22, 2016 | $0.125 | normal |
| May 4, 2016 | May 13, 2016 | Apr 22, 2016 | $0.125 | normal |
BMRC has a payout ratio of 80.6% which is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 39.6%, Bank of Marin Bancorp's payout ratio is 104% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| BMRC Bank of Marin Bancorp | 6.48% | $1 | 80.6% |
| HTBK Heritage Commerce Corp | 6.36% | $0.52 | 49.1% |
| WABC Westamerica Bancorporation | 3.69% | $1.74 | 28.7% |
| WAL Western Alliance Bancorporation | 2.49% | $1.46 | 22.3% |
Yes, Bank of Marin Bancorp has paid four dividends in the last 12 months. BMRC has been paying dividends since 2005.
BMRC hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in May 2024.
Bank of Marin Bancorp's last regular dividend was on Feb 7, 2024 (ex-date) with the amount of $0.25 per share.
BMRC has paid dividend of $1 per share in the last year.
Currently Bank of Marin Bancorp's dividend yield is 6.48%.
Bank of Marin Bancorp has a quarterly dividend frequency.
Bank of Marin Bancorp's dividend payout ratio is 80.6%.
Bank of Marin Bancorp's dividend yield is above the Financial Services sector average.