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SASR Sandy Spring Bancorp dividend history, payout ratio & dates

Sandy Spring Bancorp's last quarterly cash dividend of $0.34 per share was issued to shareholders on record before Aug 9, 2022. The dividend payment stands at $1.34 per share annually, which equates to a dividend yield of 3.76%.

Key dates

  • SASR last dividend date: Aug 9, 2022
  • SASR next dividend date: Not announced
SASR dividend stats
DPS
$1.34
Dividend yield
3.8%
Payout ratio
30.5%
vs. Financial Services sector
Dividend yield
2.93%
Payout ratio
30.1%

Dividend yield

What is Sandy Spring Bancorp current dividend yield

Sandy Spring Bancorp's dividend yield of 3.76% is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.93%, Sandy Spring Bancorp's dividend yield is 28% higher. Historically SASR's dividend yield has averaged at 3.3% in the last 5 years, which is less than the current one.

Dividend history

What is SASR dividend payout history and dates

Sandy Spring Bancorp has been paying dividends for the last 26 years. According to our records SASR has distributed four quarterly dividends in the past year. The annualized dividend per share has grown by 6% for the last twelve months. And with the stock price down by 23% from a year ago, the dividend yield has grown by 38%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Aug 9, 2022 Aug 17, 2022 Jul 28, 2022 $0.34 normal
May 10, 2022 May 18, 2022 $0.34 normal
Feb 17, 2022 Feb 28, 2022 Jan 27, 2022 $0.34 normal
Nov 9, 2021 Nov 17, 2021 $0.32 normal
Aug 10, 2021 Aug 18, 2021 Jul 29, 2021 $0.32 normal
May 11, 2021 May 19, 2021 $0.32 normal
Feb 16, 2021 Feb 24, 2021 Jan 28, 2021 $0.32 normal
Nov 9, 2020 Nov 18, 2020 Oct 29, 2020 $0.3 normal
Aug 11, 2020 Aug 19, 2020 Jul 29, 2020 $0.3 normal
May 12, 2020 May 20, 2020 Apr 29, 2020 $0.3 normal
Feb 11, 2020 Feb 19, 2020 Jan 29, 2020 $0.3 normal
Nov 12, 2019 Nov 20, 2019 Oct 30, 2019 $0.3 normal
Aug 13, 2019 Aug 21, 2019 Jul 31, 2019 $0.3 normal
May 7, 2019 May 15, 2019 Apr 24, 2019 $0.3 normal
Feb 12, 2019 Feb 20, 2019 Jan 30, 2019 $0.28 normal
Nov 13, 2018 Nov 21, 2018 Oct 31, 2018 $0.28 normal
Aug 7, 2018 Aug 15, 2018 Jul 25, 2018 $0.28 normal
May 8, 2018 May 16, 2018 Apr 25, 2018 $0.28 normal
Feb 13, 2018 Feb 21, 2018 Feb 1, 2018 $0.26 normal
Nov 7, 2017 Nov 15, 2017 Oct 25, 2017 $0.26 normal
Aug 7, 2017 Aug 16, 2017 Jul 27, 2017 $0.26 normal
May 8, 2017 May 17, 2017 Apr 26, 2017 $0.26 normal
Feb 7, 2017 Feb 15, 2017 Jan 25, 2017 $0.26 normal
Nov 7, 2016 Nov 16, 2016 Oct 26, 2016 $0.26 normal
Aug 8, 2016 Aug 17, 2016 Jul 27, 2016 $0.24 normal

Sandy Spring Bancorp dividend payout ratio

What is Sandy Spring Bancorp dividend payout ratio compared to the sector

Payout ratio

Sandy Spring Bancorp's payout ratio of 30.5% is above the Financial Services sector average but below the industry and its peers average. But compared to its Financial Services sector average of 30.1%, Sandy Spring Bancorp's payout ratio is only 1.3% higher.

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

SASR dividend vs peer dividends

How does SASR dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
FNB Fnb Corp 4.13% $0.48 44%
SASR Sandy Spring Bancorp Inc 3.8% $1.34 30.5%
EGBN Eagle Bancorp Inc 3.68% $1.65 36%
FULT Fulton Financial Corp 3.67% $0.58 36%
FUNC First United Corp 3.59% $0.6 17.2%
SHBI Shore Bancshares Inc 2.77% $0.48 42.1%

Frequently asked questions

Does Sandy Spring Bancorp pay a dividend?

Yes, Sandy Spring Bancorp has been paying dividends for the last 26 years.

When is Sandy Spring Bancorp's next dividend?

At this point we don't have a record of SASR's next dividend date, but based on the current dividend schedule we project that it will likely be in November 2022.

When was SASR's last dividend?

Sandy Spring Bancorp's last dividend ex-date was on Aug 9, 2022. The dividend amount was $0.34 per share.

How much dividend does Sandy Spring Bancorp pay (per share)?

SASR's annualized dividend per share is $1.34.

What is Sandy Spring Bancorp's dividend yield?

The current dividend yield of Sandy Spring Bancorp is 3.76%.

How often does Sandy Spring Bancorp pay dividends?

Sandy Spring Bancorp pays dividends quarterly.

What is Sandy Spring Bancorp's dividend payout ratio?

Sandy Spring Bancorp's dividend payout ratio is 30.5%.

Does Sandy Spring Bancorp pay a good dividend?

Sandy Spring Bancorp's dividend yield is more than the Financial Services sector average.