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IBTX Independent Bank Group dividend history, payout ratio & dates

Independent Bank Group's latest quarterly cash dividend of $0.38 per share was issued to shareholders on record before Jan 31, 2024. The dividend distribution stands at $1.52 per share annually, which comes to a dividend yield of 3.65%.

Key dates

  • IBTX last dividend date: Jan 31, 2024
  • IBTX next dividend date: Not announced
IBTX dividend stats
DPS
$1.52
Dividend yield
3.65%
Payout ratio
144.8%
vs. Financial Services sector
Dividend yield
3.45%
Payout ratio
39.5%

Dividend yield

What is Independent Bank Group current dividend yield

IBTX has a dividend yield of 3.65% which is higher than the Financial Services sector and its peers average but lower than the industry average. If we compare it with the Financial Services sector average of 3.45%, Independent Bank Group's dividend yield is 6% higher. The current dividend yield is more than the historical average of 2.4% of the last 5 years.

Dividend history

What is IBTX dividend payout history and dates

Independent Bank Group has been paying dividends for the last 11 years. Our records show that IBTX has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same since twelve months ago. However with the price of the stock up by 1.7% from a year ago, the dividend yield has a decrease of 1.8%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Jan 31, 2024 Feb 15, 2024 Jan 18, 2024 $0.38 normal
Nov 1, 2023 Nov 16, 2023 Oct 23, 2023 $0.38 normal
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

Independent Bank Group dividend payout ratio

What is Independent Bank Group dividend payout ratio compared to the sector

Payout ratio

IBTX has a payout ratio of 144.8% 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 39.5%, Independent Bank Group's payout ratio is 267% higher.

Total amount of dividends paid per financial year (from cash flow)

IBTX dividend vs peer dividends

How does IBTX dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
SBSI Southside Bancshares Inc 5% $1.41 50%
IBTX Independent Bank Group Inc 3.65% $1.52 144.8%
PB Prosperity Bancshares Inc 3.65% $2.22 49.2%
CFR Cullen/Frost Bankers Inc 3.25% $3.63 39.8%
FFIN First Financial Bankshares Inc 2.4% $0.72 51.8%
IBOC International Bancshares Corp 2.37% $1.29 19.5%

Frequently asked questions

Does Independent Bank Group pay a dividend?

Yes, Independent Bank Group has been paying dividends for the last 11 years.

When is Independent Bank Group's next dividend?

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 April 2024.

When was IBTX's last dividend?

Independent Bank Group's last regular dividend was on Jan 31, 2024 (ex-date) with the amount of $0.38 per share.

How much dividend does Independent Bank Group pay (per share)?

IBTX has paid dividend of $1.52 per share in the last year.

What is Independent Bank Group's dividend yield?

The current dividend yield of Independent Bank Group is 3.65%.

How often does Independent Bank Group pay dividends?

Independent Bank Group pays four dividends per year.

What is Independent Bank Group's dividend payout ratio?

Independent Bank Group's dividend payout ratio is 144.8%.

Does Independent Bank Group pay a good dividend?

Independent Bank Group's dividend yield is more than the Financial Services sector average.