Back to INBK overview

INBK First Internet Bancorp dividend history, payout ratio & dates

First Internet Bancorp's latest quarterly dividend was on Mar 30, 2023 (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 2% based on its recent close price.

Key dates

  • INBK last dividend date: Mar 30, 2023
  • INBK next dividend date: Not announced
INBK dividend stats
DPS
$0.24
Dividend yield
2%
Payout ratio
10.7%
vs. Financial Services sector
Dividend yield
3.81%
Payout ratio
32.1%

Dividend yield

What is First Internet Bancorp current dividend yield

First Internet Bancorp's dividend yield of 2% is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 3.81%, First Internet Bancorp's dividend yield is 48% lower. The current dividend yield is higher than the historical average of 1.0% of the last 5 years.

Dividend history

What is INBK dividend payout history and dates

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 69% from a year ago, the dividend yield has an increase of 222%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Mar 30, 2023 Apr 17, 2023 Mar 21, 2023 $0.06 normal
Dec 29, 2022 Jan 17, 2023 Dec 20, 2022 $0.06 normal
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 dividend payout ratio

What is First Internet Bancorp dividend payout ratio compared to the sector

Payout ratio

First Internet Bancorp's payout ratio of 10.7% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 32.1%, First Internet Bancorp's payout ratio is 67% lower.

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

INBK dividend vs peer dividends

How does INBK dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
KEY Keycorp 8.19% $0.81 45.5%
PNC Pnc Financial Services Group Inc 5.05% $6 41%
FRME First Merchants Corp 4.69% $1.28 32.1%
FFBC First Financial Bancorp 4.68% $0.92 34.8%
BAC Bank Of America Corp 3.07% $0.87 26%
WFC Wells Fargo & Company 2.91% $1.2 34%
INBK First Internet Bancorp 2% $0.24 10.7%

Frequently asked questions

Does First Internet Bancorp pay a dividend?

Yes, First Internet Bancorp has been paying dividends for the last 11 years.

When is First Internet Bancorp's next dividend?

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 June 2023.

When was INBK's last dividend?

First Internet Bancorp's last dividend ex-date was on Mar 30, 2023. The dividend amount was $0.06 per share.

How much dividend does First Internet Bancorp pay (per share)?

INBK's annualized dividend per share is $0.24.

What is First Internet Bancorp's dividend yield?

First Internet Bancorp's current dividend yield is 2%.

How often does First Internet Bancorp pay dividends?

First Internet Bancorp pays four dividends per year.

What is First Internet Bancorp's dividend payout ratio?

First Internet Bancorp's dividend payout ratio is 10.7%.

Does First Internet Bancorp pay a good dividend?

First Internet Bancorp's dividend yield is lower than the Financial Services sector average.