Horizon Bancorp's most recent quarterly dividend of $0.16 per share was on Jul 5, 2024 (ex-date). The annualized payout of $0.64 per share represents a current dividend yield of 3.93%.
HBNC has a dividend yield of 3.93% 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 2.85%, Horizon Bancorp's dividend yield is 38% higher. The historical 5-year average of HBNC's dividend yield is 4.1%, which is in line with the current one.
Horizon Bancorp has a history of paying dividends since 2002. Our records of HBNC show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. But since the stock price has gone up by 40% from a year ago, the dividend yield has decreased by 29%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Jul 5, 2024 | Jul 19, 2024 | Jun 18, 2024 | $0.16 | normal |
| Apr 4, 2024 | Apr 19, 2024 | Mar 19, 2024 | $0.16 | normal |
| Jan 4, 2024 | Jan 19, 2024 | Dec 19, 2023 | $0.16 | normal |
| Oct 5, 2023 | Oct 20, 2023 | Sep 19, 2023 | $0.16 | normal |
| Jul 6, 2023 | Jul 21, 2023 | Jun 20, 2023 | $0.16 | normal |
| Apr 5, 2023 | Apr 21, 2023 | Mar 21, 2023 | $0.16 | normal |
| Jan 5, 2023 | Jan 20, 2023 | Dec 20, 2022 | $0.16 | normal |
| Oct 6, 2022 | Oct 21, 2022 | Sep 20, 2022 | $0.16 | normal |
| Jul 7, 2022 | Jul 22, 2022 | Jun 24, 2022 | $0.16 | normal |
| Apr 7, 2022 | Apr 22, 2022 | Mar 17, 2022 | $0.15 | normal |
| Jan 6, 2022 | Jan 21, 2022 | Dec 21, 2021 | $0.15 | normal |
| Oct 7, 2021 | Oct 22, 2021 | Sep 22, 2021 | $0.15 | normal |
| Jul 1, 2021 | Jul 16, 2021 | Jun 15, 2021 | $0.13 | normal |
| Mar 31, 2021 | Apr 16, 2021 | Mar 17, 2021 | $0.13 | normal |
| Jan 7, 2021 | Jan 22, 2021 | Dec 15, 2020 | $0.12 | normal |
| Oct 1, 2020 | Oct 16, 2020 | Sep 15, 2020 | $0.12 | normal |
| Jul 1, 2020 | Jul 17, 2020 | Jun 9, 2020 | $0.12 | normal |
| Apr 2, 2020 | Apr 17, 2020 | Mar 17, 2020 | $0.12 | normal |
| Jan 2, 2020 | Jan 17, 2020 | Dec 17, 2019 | $0.12 | normal |
| Oct 3, 2019 | Oct 18, 2019 | Sep 17, 2019 | $0.12 | normal |
| Jul 3, 2019 | Jul 19, 2019 | Jun 18, 2019 | $0.12 | normal |
| Apr 4, 2019 | Apr 19, 2019 | Mar 19, 2019 | $0.1 | normal |
| Jan 3, 2019 | Jan 18, 2019 | Dec 18, 2018 | $0.1 | normal |
| Oct 4, 2018 | Oct 19, 2018 | Sep 18, 2018 | $0.1 | normal |
| Jul 5, 2018 | Jul 20, 2018 | Jun 19, 2018 | $0.1 | normal |
| Apr 5, 2018 | Apr 20, 2018 | Mar 20, 2018 | $0.1 | normal |
| Jan 4, 2018 | Jan 19, 2018 | Dec 19, 2017 | $0.087 | normal |
| Oct 5, 2017 | Oct 20, 2017 | Sep 19, 2017 | $0.087 | normal |
| Jul 5, 2017 | Jul 21, 2017 | Jun 12, 2017 | $0.087 | normal |
| Apr 5, 2017 | Apr 21, 2017 | Mar 21, 2017 | $0.073 | normal |
| Jan 4, 2017 | Jan 20, 2017 | Dec 22, 2016 | $0.073 | normal |
| Oct 5, 2016 | Oct 21, 2016 | Sep 20, 2016 | $0.067 | normal |
| Jul 6, 2016 | Jul 22, 2016 | Jun 21, 2016 | $0.067 | normal |
HBNC has a payout ratio of 118.5% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 41.2%, Horizon Bancorp's payout ratio is 188% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HBNC Horizon Bancorp Inc | 3.9% | $0.64 | 118.5% |
| FRME First Merchants Corp | 3.32% | $1.37 | 39.5% |
| THFF First Financial Corp | 2.92% | $1.35 | 28.8% |
| ONB Old National Bancorp | 2.77% | $0.56 | 30.1% |
| GABC German American Bancorp Inc | 2.49% | $1.04 | 36.6% |
| SRCE 1St Source Corp | 2.06% | $1.34 | 27% |
Yes, Horizon Bancorp has paid four dividends in the last 12 months. HBNC has been paying dividends since 2002.
HBNC hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in October 2024.
Horizon Bancorp's last regular dividend was on Jul 5, 2024 (ex-date) with the amount of $0.16 per share.
HBNC has paid dividend of $0.64 per share in the last year.
Horizon Bancorp's current dividend yield is 3.93%.
Horizon Bancorp has a quarterly dividend frequency.
Horizon Bancorp's dividend payout ratio is 118.5%.
Horizon Bancorp's dividend yield is more than the Financial Services sector average.