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 3.25% based on its recent close price.
EBC has a dividend yield of 3.25% which is lower than the Financial Services sector and the industry average. But if we consider the Financial Services sector average of 3.41%, Eastern Bankshares's dividend yield is only 4.7% lower.
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 16% from a year ago, the dividend yield has decreased by 9%.
| 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 |
EBC has a payout ratio of 29.4% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 39.6%, Eastern Bankshares's payout ratio is 26% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 5.59% | $1.51 | 56.8% |
| NRIM Northrim Bancorp Inc | 4.99% | $2.41 | 53.2% |
| EBC Eastern Bankshares Inc | 3.23% | $0.42 | 29.4% |
Yes, Eastern Bankshares has been paying dividends for the last three years.
At this point we don't have a record of EBC's next dividend date, but based on the current dividend schedule we project that it will likely be in May 2024.
Eastern Bankshares's last dividend ex-date was on Feb 29, 2024. The dividend amount was $0.11 per share.
EBC's annualized dividend per share is $0.42.
The current dividend yield of Eastern Bankshares is 3.25%.
Eastern Bankshares pays dividends quarterly.
The dividend payout ratio of Eastern Bankshares is 29.4%.
Eastern Bankshares's dividend yield is in line with the Financial Services sector average.