Independent Bank Group's latest quarterly cash dividend of $0.38 per share was issued to shareholders on record before Aug 3, 2022. The dividend distribution stands at $1.5 per share annually, which comes to a dividend yield of 2.44%.
IBTX has a dividend yield of 2.44% 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 2.95%, Independent Bank Group's dividend yield is 17% lower. The current dividend yield is more than the historical average of 1.6% of the last 5 years.
Independent Bank Group has been paying dividends for the last nine years. Our records show that IBTX has distributed four quarterly dividends in the past year. The annualized dividend per share marks an increase of 19% since twelve months ago. And with the price of the stock down by 15% from a year ago, the dividend yield marks an increase of 40%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 3, 2022 | Aug 18, 2022 | Jul 25, 2022 | $0.38 | normal |
| May 4, 2022 | May 19, 2022 | Apr 25, 2022 | $0.38 | normal |
| Feb 9, 2022 | Feb 17, 2022 | Jan 26, 2022 | $0.38 | normal |
| Nov 9, 2021 | Nov 24, 2021 | Oct 28, 2021 | $0.36 | normal |
| Aug 4, 2021 | Aug 19, 2021 | Jul 26, 2021 | $0.34 | normal |
| May 5, 2021 | May 20, 2021 | Apr 26, 2021 | $0.32 | normal |
| Feb 10, 2021 | Feb 25, 2021 | Feb 1, 2021 | $0.3 | normal |
| Nov 5, 2020 | Nov 19, 2020 | Oct 26, 2020 | $0.3 | normal |
| Aug 7, 2020 | Aug 20, 2020 | Jul 29, 2020 | $0.25 | normal |
| May 8, 2020 | May 21, 2020 | Apr 29, 2020 | $0.25 | normal |
| Feb 7, 2020 | Feb 20, 2020 | Jan 29, 2020 | $0.25 | normal |
| Nov 1, 2019 | Nov 14, 2019 | Oct 23, 2019 | $0.25 | normal |
| Aug 2, 2019 | Aug 15, 2019 | Jul 24, 2019 | $0.25 | normal |
| May 3, 2019 | May 16, 2019 | Apr 24, 2019 | $0.25 | normal |
| Feb 8, 2019 | Feb 21, 2019 | Jan 30, 2019 | $0.25 | normal |
| Nov 2, 2018 | Nov 15, 2018 | Oct 24, 2018 | $0.14 | normal |
| Aug 3, 2018 | Aug 16, 2018 | Jul 25, 2018 | $0.14 | normal |
| May 4, 2018 | May 17, 2018 | Apr 25, 2018 | $0.14 | normal |
| Feb 9, 2018 | Feb 22, 2018 | Jan 31, 2018 | $0.12 | normal |
| Nov 3, 2017 | Nov 16, 2017 | Oct 25, 2017 | $0.1 | normal |
| Aug 3, 2017 | Aug 17, 2017 | Jul 26, 2017 | $0.1 | normal |
| May 4, 2017 | May 18, 2017 | Apr 26, 2017 | $0.1 | normal |
| Feb 2, 2017 | Feb 16, 2017 | Jan 27, 2017 | $0.1 | normal |
| Nov 3, 2016 | Nov 18, 2016 | Oct 27, 2016 | $0.1 | normal |
| Aug 4, 2016 | Aug 18, 2016 | Jul 27, 2016 | $0.08 | normal |
| May 5, 2016 | May 19, 2016 | Apr 27, 2016 | $0.08 | normal |
IBTX has a payout ratio of 30.4% which is higher than the Financial Services sector average but lower than the industry and its peers average. But if we consider the Financial Services sector average of 30.2%, Independent Bank Group's payout ratio is only 0.7% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SBSI Southside Bancshares Inc | 3.79% | $1.35 | 40.4% |
| PB Prosperity Bancshares Inc | 3.08% | $2.08 | 37.9% |
| IBOC International Bancshares Corp | 2.81% | $1.2 | 34.2% |
| IBTX Independent Bank Group Inc | 2.41% | $1.5 | 30.4% |
| CFR Cullen/Frost Bankers Inc | 2.34% | $3.12 | 47.8% |
| FFIN First Financial Bankshares Inc | 1.51% | $0.64 | 39.8% |
Yes, Independent Bank Group has been paying dividends for the last nine years.
IBTX hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in November 2022.
Independent Bank Group's last regular dividend was on Aug 3, 2022 (ex-date) with the amount of $0.38 per share.
IBTX has paid dividend of $1.5 per share in the last year.
The current dividend yield of Independent Bank Group is 2.44%.
Independent Bank Group pays four dividends per year.
Independent Bank Group's dividend payout ratio is 30.4%.
Independent Bank Group's dividend yield is less than the Financial Services sector average.