Sandy Spring Bancorp's last quarterly cash dividend of $0.34 per share was issued to shareholders on record before Nov 7, 2023. The dividend payment stands at $1.36 per share annually, which equates to a dividend yield of 6.26%.
Sandy Spring Bancorp's dividend yield of 6.26% is higher than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.53%, Sandy Spring Bancorp's dividend yield is 77% higher. Historically SASR's dividend yield has averaged at 3.9% in the last 5 years, which is less than the current one.
Sandy Spring Bancorp has been paying dividends for the last 27 years. According to our records SASR has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same for the last twelve months. However with the stock price down by 36% from a year ago, the dividend yield has grown by 57%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 7, 2023 | Nov 15, 2023 | Oct 26, 2023 | $0.34 | normal |
| Aug 8, 2023 | Aug 16, 2023 | Jul 27, 2023 | $0.34 | normal |
| May 9, 2023 | May 17, 2023 | Apr 27, 2023 | $0.34 | normal |
| Feb 7, 2023 | Feb 15, 2023 | Jan 26, 2023 | $0.34 | normal |
| Nov 8, 2022 | Nov 16, 2022 | Oct 27, 2022 | $0.34 | normal |
| 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's payout ratio of 46.7% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 36.6%, Sandy Spring Bancorp's payout ratio is 28% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| EGBN Eagle Bancorp Inc | 7.5% | $1.8 | 45.6% |
| SASR Sandy Spring Bancorp Inc | 6.14% | $1.36 | 46.7% |
| FULT Fulton Financial Corp | 4.36% | $0.62 | 35.4% |
| FUNC First United Corp | 4.26% | $0.78 | 25.7% |
| FNB Fnb Corp | 4.02% | $0.48 | 30.4% |
| SHBI Shore Bancshares Inc | 3.99% | $0.48 | 64% |
Yes, Sandy Spring Bancorp has been paying dividends for the last 27 years.
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 February 2024.
Sandy Spring Bancorp's last dividend ex-date was on Nov 7, 2023. The dividend amount was $0.34 per share.
SASR's annualized dividend per share is $1.36.
The current dividend yield of Sandy Spring Bancorp is 6.26%.
Sandy Spring Bancorp pays dividends quarterly.
Sandy Spring Bancorp's dividend payout ratio is 46.7%.
Sandy Spring Bancorp's dividend yield is more than the Financial Services sector average.