Independent Bank Group's latest quarterly cash dividend of $0.38 per share was issued to shareholders on record before Aug 2, 2023. The dividend distribution stands at $1.52 per share annually, which comes to a dividend yield of 3.84%.
IBTX has a dividend yield of 3.84% which is higher than the Financial Services sector and its peers average but lower than the industry average. But if we consider the Financial Services sector average of 3.73%, Independent Bank Group's dividend yield is only 2.9% higher. The current dividend yield is more than the historical average of 2.1% of the last 5 years.
Independent Bank Group has been paying dividends for the last ten years. Our records show that IBTX has distributed four quarterly dividends in the past year. The annualized dividend per share marks an increase of 1.3% since twelve months ago. And with the price of the stock down by 36% from a year ago, the dividend yield marks an increase of 59%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Aug 2, 2023 | Aug 17, 2023 | Jul 24, 2023 | $0.38 | normal |
| May 3, 2023 | May 18, 2023 | Apr 24, 2023 | $0.38 | normal |
| Feb 3, 2023 | Feb 16, 2023 | Jan 23, 2023 | $0.38 | normal |
| Nov 2, 2022 | Nov 17, 2022 | Oct 24, 2022 | $0.38 | normal |
| 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 70.4% 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 33.5%, Independent Bank Group's payout ratio is 110% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SBSI Southside Bancshares Inc | 4.84% | $1.39 | 41.5% |
| PB Prosperity Bancshares Inc | 4.03% | $2.2 | 41.4% |
| CFR Cullen/Frost Bankers Inc | 3.87% | $3.53 | 33% |
| IBTX Independent Bank Group Inc | 3.84% | $1.52 | 70.4% |
| IBOC International Bancshares Corp | 2.91% | $1.26 | 20% |
| FFIN First Financial Bankshares Inc | 2.79% | $0.7 | 44.9% |
Yes, Independent Bank Group has been paying dividends for the last ten 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 2023.
Independent Bank Group's last regular dividend was on Aug 2, 2023 (ex-date) with the amount of $0.38 per share.
IBTX has paid dividend of $1.52 per share in the last year.
The current dividend yield of Independent Bank Group is 3.84%.
Independent Bank Group pays four dividends per year.
Independent Bank Group's dividend payout ratio is 70.4%.
Independent Bank Group's dividend yield is in line with the Financial Services sector average.