First Internet Bancorp's latest quarterly dividend was on Sep 29, 2022 (ex-date) with a payout of $0.06 per share. On an annualized basis, the company has a current payout of $0.24 per share. This brings the dividend yield to 0.91% based on its recent close price.
First Internet Bancorp's dividend yield of 0.91% is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 2.62%, First Internet Bancorp's dividend yield is 65% lower. The current dividend yield is in line with the historical average of 0.9% of the last 5 years.
First Internet Bancorp has been paying dividends since 2012. INBK has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same since twelve months ago. But with the price of the stock down by 40% from a year ago, the dividend yield has an increase of 66%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Sep 29, 2022 | Oct 17, 2022 | Sep 20, 2022 | $0.06 | normal |
| Jun 30, 2022 | Jul 15, 2022 | Jun 21, 2022 | $0.06 | normal |
| Mar 30, 2022 | Apr 18, 2022 | Mar 21, 2022 | $0.06 | normal |
| Dec 30, 2021 | Jan 18, 2022 | Dec 21, 2021 | $0.06 | normal |
| Sep 29, 2021 | Oct 15, 2021 | Sep 20, 2021 | $0.06 | normal |
| Jun 30, 2021 | Jul 15, 2021 | Jun 21, 2021 | $0.06 | normal |
| Mar 30, 2021 | Apr 15, 2021 | Mar 16, 2021 | $0.06 | normal |
| Dec 30, 2020 | Jan 15, 2021 | Dec 21, 2020 | $0.06 | normal |
| Sep 30, 2020 | Oct 15, 2020 | Sep 21, 2020 | $0.06 | normal |
| Jun 29, 2020 | Jul 15, 2020 | Jun 16, 2020 | $0.06 | normal |
| Mar 30, 2020 | Apr 15, 2020 | Mar 17, 2020 | $0.06 | normal |
| Dec 30, 2019 | Jan 15, 2020 | Dec 17, 2019 | $0.06 | normal |
| Sep 27, 2019 | Oct 15, 2019 | Sep 17, 2019 | $0.06 | normal |
| Jun 27, 2019 | Jul 15, 2019 | Jun 18, 2019 | $0.06 | normal |
| Mar 28, 2019 | Apr 15, 2019 | Mar 19, 2019 | $0.06 | normal |
| Dec 28, 2018 | Jan 15, 2019 | Dec 18, 2018 | $0.06 | normal |
| Sep 27, 2018 | Oct 15, 2018 | Sep 18, 2018 | $0.06 | normal |
| Jun 28, 2018 | Jul 16, 2018 | Jun 19, 2018 | $0.06 | normal |
| Mar 28, 2018 | Apr 16, 2018 | Mar 20, 2018 | $0.06 | normal |
| Dec 28, 2017 | Jan 16, 2018 | Dec 18, 2017 | $0.06 | normal |
| Sep 28, 2017 | Oct 16, 2017 | $0.06 | normal | |
| Jun 28, 2017 | Jul 17, 2017 | Jun 20, 2017 | $0.06 | normal |
| Mar 29, 2017 | Apr 17, 2017 | Mar 21, 2017 | $0.06 | normal |
| Dec 28, 2016 | Jan 17, 2017 | Dec 19, 2016 | $0.06 | normal |
| Sep 28, 2016 | Oct 17, 2016 | Sep 20, 2016 | $0.06 | normal |
| Jun 28, 2016 | Jul 15, 2016 | Jun 20, 2016 | $0.06 | normal |
First Internet Bancorp's payout ratio of 5.6% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 30.7%, First Internet Bancorp's payout ratio is 82% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| KEY Keycorp | 4.26% | $0.79 | 35.7% |
| PNC Pnc Financial Services Group Inc | 3.5% | $5.75 | 43.3% |
| FFBC First Financial Bancorp | 3.45% | $0.92 | 43.8% |
| FRME First Merchants Corp | 2.87% | $1.25 | 35.5% |
| WFC Wells Fargo & Company | 2.39% | $1.1 | 28.3% |
| BAC Bank Of America Corp | 2.38% | $0.86 | 27% |
| INBK First Internet Bancorp | 0.91% | $0.24 | 5.6% |
Yes, First Internet Bancorp has been paying dividends for the last ten years.
At this point we don't have a record of INBK's next dividend date, but based on the current dividend schedule we project that it will likely be in December 2022.
First Internet Bancorp's last dividend ex-date was on Sep 29, 2022. The dividend amount was $0.06 per share.
INBK's annualized dividend per share is $0.24.
First Internet Bancorp's current dividend yield is 0.91%.
First Internet Bancorp pays four dividends per year.
First Internet Bancorp's dividend payout ratio is 5.6%.
First Internet Bancorp's dividend yield is lower than the Financial Services sector average.