EBC Eastern Bankshares dividend history, payout ratio & dates
Eastern Bankshares's latest dividend was on Dec 3, 2024 (ex-date) with a payout of $0.12 per share. On an annualized basis, the company has a current payout of $0.45 per share. This brings the dividend yield to 2.61% based on its recent close price. The latest dividend marks an increase of $0.01, or 9% from the prior distribution.
Key dates
- EBC last dividend date: Dec 3, 2024
EBC dividend stats
vs. Financial Services sector
Dividend yield
EBC has a dividend yield of 2.61% which is lower than the Financial Services sector and the industry average. If we compare it with the Financial Services sector average of 2.82%, Eastern Bankshares's dividend yield is 7% lower.
Dividend history
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 10% 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 7%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Dec 3, 2024 | $0.12 | 2.49% |
| Sep 3, 2024 | $0.11 | 2.63% |
| Jun 3, 2024 | $0.11 | 3.16% |
| Feb 29, 2024 | $0.11 | 3.25% |
| Nov 30, 2023 | $0.11 | 3.43% |
| Aug 31, 2023 | $0.1 | 2.97% |
| Jun 1, 2023 | $0.1 | 3.55% |
| Mar 2, 2023 | $0.1 | 2.58% |
| Dec 1, 2022 | $0.1 | 2.07% |
| Sep 1, 2022 | $0.1 | 1.96% |
| Jun 2, 2022 | $0.1 | 1.86% |
| Mar 2, 2022 | $0.1 | 1.58% |
| Dec 2, 2021 | $0.08 | 1.5% |
| Sep 2, 2021 | $0.08 | 1.14% |
| Jun 2, 2021 | $0.08 | 0.64% |
| Mar 2, 2021 | $0.06 | 0.33% |
Eastern Bankshares dividend payout ratio
Payout ratio
EBC has a payout ratio of 19.3% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 44.2%, Eastern Bankshares's payout ratio is 56% lower.
Total amount of dividends paid per financial year (from cash flow)
EBC dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 5.16% | $1.51 | 103.4% |
| NRIM Northrim Bancorp Inc | 3.12% | $2.46 | 41.6% |
| EBC Eastern Bankshares Inc | 2.6% | $0.45 | 19.3% |
Frequently asked questions
Does Eastern Bankshares pay a dividend?
Yes, Eastern Bankshares has been paying dividends for the last three years.
When was EBC's last dividend?
Eastern Bankshares's last dividend ex-date was on Dec 3, 2024. The dividend amount was $0.12 per share.
How much dividend does Eastern Bankshares pay (per share)?
EBC's annualized dividend per share is $0.45.
What is Eastern Bankshares's dividend yield?
The current dividend yield of Eastern Bankshares is 2.61%.
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 19.3%.
Does Eastern Bankshares pay a good dividend?
Eastern Bankshares's dividend yield is less than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.