Eastern Bankshares's latest quarterly dividend was on Mar 2, 2023 (ex-date) with a payout of $0.1 per share. On an annualized basis, the company has a current payout of $0.4 per share. This brings the dividend yield to 3.28% based on its recent close price.
EBC has a dividend yield of 3.28% which is lower than the industry average.
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 18% for the last twelve months. And with the price of the stock down by 44% from a year ago, the dividend yield marks an increase of 109%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 33.1% which is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 30.7%, Eastern Bankshares's payout ratio is 8% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NBTB Nbt Bancorp Inc | 3.39% | $1.18 | 33.3% |
| EBC Eastern Bankshares Inc | 3.28% | $0.4 | 33.1% |
| NBHC National Bank Holdings Corp | 2.8% | $0.96 | 43.6% |
Yes, Eastern Bankshares has been paying dividends for the last two 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 June 2023.
Eastern Bankshares's last dividend ex-date was on Mar 2, 2023. The dividend amount was $0.1 per share.
EBC's annualized dividend per share is $0.4.
The current dividend yield of Eastern Bankshares is 3.28%.
Eastern Bankshares pays dividends quarterly.
The dividend payout ratio of Eastern Bankshares is 33.1%.
Eastern Bankshares's dividend yield is in line with the Financial Services sector average.