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EBC Eastern Bankshares dividend history, payout ratio & dates

Eastern Bankshares's latest quarterly dividend was on Feb 29, 2024 (ex-date) with a payout of $0.11 per share. On an annualized basis, the company has a current payout of $0.42 per share. This brings the dividend yield to 2.91% based on its recent close price.

Key dates

  • EBC last dividend date: Feb 29, 2024
  • EBC next dividend date: Jun 3, 2024
EBC dividend stats
DPS
$0.42
Dividend yield
2.91%
Payout ratio
14.7%
vs. Financial Services sector
Dividend yield
3.3%
Payout ratio
40.8%

Dividend yield

What is Eastern Bankshares current dividend yield

EBC has a dividend yield of 2.91% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 3.3%, Eastern Bankshares's dividend yield is 12% lower.

Dividend history

What is EBC dividend payout history and dates

Eastern Bankshares has been paying dividends since 2021. EBC has distributed four quarterly dividends in the past year. The annualized dividend per share marks an increase of 5% for the last twelve months. But with the price of the stock up by 18% from a year ago, the dividend yield has decreased by 11%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Feb 29, 2024 Mar 15, 2024 Jan 25, 2024 $0.11 normal
Nov 30, 2023 Dec 15, 2023 Oct 26, 2023 $0.11 normal
Aug 31, 2023 Sep 15, 2023 Jul 27, 2023 $0.1 normal
Jun 1, 2023 Jun 15, 2023 Apr 27, 2023 $0.1 normal
Mar 2, 2023 Mar 15, 2023 Jan 26, 2023 $0.1 normal
Dec 1, 2022 Dec 15, 2022 Oct 27, 2022 $0.1 normal
Sep 1, 2022 Sep 15, 2022 Jul 28, 2022 $0.1 normal
Jun 2, 2022 Jun 15, 2022 Apr 28, 2022 $0.1 normal
Mar 2, 2022 Mar 15, 2022 Jan 27, 2022 $0.1 normal
Dec 2, 2021 Dec 15, 2021 Oct 28, 2021 $0.08 normal
Sep 2, 2021 Sep 15, 2021 Jul 29, 2021 $0.08 normal
Jun 2, 2021 Jun 15, 2021 Apr 7, 2021 $0.08 normal
Mar 2, 2021 Mar 15, 2021 Jan 29, 2021 $0.06 normal

Eastern Bankshares dividend payout ratio

What is Eastern Bankshares dividend payout ratio compared to the sector

Payout ratio

EBC has a payout ratio of 14.7% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 40.8%, Eastern Bankshares's payout ratio is 64% lower.

Total amount of dividends paid per financial year (from cash flow)

EBC dividend vs peer dividends

How does EBC dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
NKSH National Bankshares Inc 4.75% $1.51 66.8%
NRIM Northrim Bancorp Inc 4.28% $2.41 46.6%
EBC Eastern Bankshares Inc 2.91% $0.42 14.7%

Frequently asked questions

Does Eastern Bankshares pay a dividend?

Yes, Eastern Bankshares has been paying dividends for the last three years.

When is Eastern Bankshares's next dividend?

EBC's next dividend date is Jun 3, 2024 (ex-date).

When was EBC's last dividend?

Eastern Bankshares's last dividend ex-date was on Feb 29, 2024. The dividend amount was $0.11 per share.

How much dividend does Eastern Bankshares pay (per share)?

EBC's annualized dividend per share is $0.42.

What is Eastern Bankshares's dividend yield?

The current dividend yield of Eastern Bankshares is 2.91%.

How often does Eastern Bankshares pay dividends?

Eastern Bankshares pays dividends quarterly.

What is Eastern Bankshares's dividend payout ratio?

The dividend payout ratio of Eastern Bankshares is 14.7%.

Does Eastern Bankshares pay a good dividend?

Eastern Bankshares's dividend yield is less than the Financial Services sector average.