Financial Institutions's last quarterly cash dividend of $0.29 per share was issued to shareholders on record before Sep 15, 2022. The dividend payment stands at $1.14 per share annually, which equates to a dividend yield of 4.72%.
FISI has a dividend yield of 4.72% which is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.93%, Financial Institutions's dividend yield is 61% higher. The historical 5-year average of FISI's dividend yield is 3.9%, which is less than the current one.
Financial Institutions has been paying dividends for the last 23 years. According to our records FISI has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 7% for the last twelve months. And with the stock price down by 23% from a year ago, the dividend yield has increased by 38%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Sep 15, 2022 | Oct 3, 2022 | Aug 22, 2022 | $0.29 | normal |
| Jun 16, 2022 | Jul 5, 2022 | May 25, 2022 | $0.29 | normal |
| Mar 17, 2022 | Apr 4, 2022 | Feb 17, 2022 | $0.29 | normal |
| Dec 16, 2021 | Jan 3, 2022 | Nov 19, 2021 | $0.27 | normal |
| Sep 16, 2021 | Oct 4, 2021 | Aug 24, 2021 | $0.27 | normal |
| Jun 17, 2021 | Jul 2, 2021 | May 26, 2021 | $0.27 | normal |
| Mar 18, 2021 | Apr 2, 2021 | Feb 25, 2021 | $0.27 | normal |
| Dec 18, 2020 | Jan 4, 2021 | Nov 25, 2020 | $0.26 | normal |
| Sep 10, 2020 | Oct 2, 2020 | Aug 25, 2020 | $0.26 | normal |
| Jun 11, 2020 | Jul 2, 2020 | May 27, 2020 | $0.26 | normal |
| Mar 18, 2020 | Apr 2, 2020 | Feb 27, 2020 | $0.26 | normal |
| Dec 12, 2019 | Jan 2, 2020 | Nov 26, 2019 | $0.25 | normal |
| Sep 12, 2019 | Oct 2, 2019 | Aug 20, 2019 | $0.25 | normal |
| Jun 13, 2019 | Jul 2, 2019 | May 22, 2019 | $0.25 | normal |
| Mar 14, 2019 | Apr 2, 2019 | Feb 27, 2019 | $0.25 | normal |
| Dec 12, 2018 | Jan 2, 2019 | Nov 20, 2018 | $0.24 | normal |
| Sep 12, 2018 | Oct 2, 2018 | Aug 22, 2018 | $0.24 | normal |
| Jun 13, 2018 | Jul 2, 2018 | May 23, 2018 | $0.24 | normal |
| Mar 14, 2018 | Apr 2, 2018 | Feb 28, 2018 | $0.24 | normal |
| Dec 13, 2017 | Jan 2, 2018 | Nov 15, 2017 | $0.22 | normal |
| Sep 13, 2017 | Oct 2, 2017 | Aug 23, 2017 | $0.21 | normal |
| Jun 12, 2017 | Jul 3, 2017 | May 24, 2017 | $0.21 | normal |
| Mar 10, 2017 | Apr 3, 2017 | Feb 22, 2017 | $0.21 | normal |
| Dec 8, 2016 | Jan 3, 2017 | Nov 2, 2016 | $0.21 | normal |
| Sep 8, 2016 | Oct 3, 2016 | Aug 24, 2016 | $0.2 | normal |
| Jun 9, 2016 | Jul 5, 2016 | May 18, 2016 | $0.2 | normal |
FISI has a payout ratio of 27.1% which is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 30.1%, Financial Institutions's payout ratio is 10% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| FISI Financial Institutions Inc | 4.73% | $1.14 | 27.1% |
| FLIC First Of Long Island Corp | 4.63% | $0.8 | 41.7% |
| AROW Arrow Financial Corp | 3.62% | $1.04 | 36% |
| EVBN Evans Bancorp Inc | 3.42% | $1.26 | 29.6% |
| NBTB Nbt Bancorp Inc | 3% | $1.14 | 32.5% |
| CBU Community Bank System Inc | 2.88% | $1.73 | 53.1% |
Yes, Financial Institutions has been paying dividends for the last 23 years.
FISI hasn't announced its next dividend date yet, but if we take into consideration its recent dividend frequency, it is likely that its next dividend will be in December 2022.
Financial Institutions's last regular dividend was on Sep 15, 2022 (ex-date) with the amount of $0.29 per share.
FISI has paid dividend of $1.14 per share in the last year.
Currently Financial Institutions's dividend yield is 4.72%.
Financial Institutions has a quarterly dividend frequency.
The dividend payout ratio of Financial Institutions is 27.1%.
Financial Institutions's dividend yield is more than the Financial Services sector average.