Shore Bancshares's most recent quarterly dividend was on Feb 9, 2024 (ex-date) with a cash dividend payment of $0.12 per share. On an annualized basis, the company has a current payout of $0.48 per share. This brings the dividend yield to 4.64% based on its recent close price.
SHBI has a dividend yield of 4.64% which is higher than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 3.51%, Shore Bancshares's dividend yield is 32% higher. The historical 5-year average of SHBI's dividend yield is 3.2%, which is lower than the current one.
Shore Bancshares has a long dividend history, including the last nine consecutive years with dividend payouts. SHBI has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. But since the stock price has gone down by 22% from a year ago, the dividend yield has grown by 28%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 9, 2024 | Feb 29, 2024 | Feb 2, 2024 | $0.12 | normal |
| Nov 16, 2023 | Nov 30, 2023 | Nov 7, 2023 | $0.12 | normal |
| Aug 3, 2023 | Aug 31, 2023 | Jul 25, 2023 | $0.12 | normal |
| May 11, 2023 | May 31, 2023 | May 3, 2023 | $0.12 | normal |
| Feb 16, 2023 | Feb 28, 2023 | Feb 8, 2023 | $0.12 | normal |
| Nov 10, 2022 | Nov 30, 2022 | Nov 2, 2022 | $0.12 | normal |
| Nov 9, 2022 | Nov 30, 2022 | Nov 2, 2022 | $0.12 | normal |
| Aug 11, 2022 | Aug 31, 2022 | Aug 3, 2022 | $0.12 | normal |
| May 12, 2022 | May 31, 2022 | May 4, 2022 | $0.12 | normal |
| Feb 23, 2022 | Mar 7, 2022 | Feb 14, 2022 | $0.12 | normal |
| Nov 10, 2021 | Nov 30, 2021 | Nov 2, 2021 | $0.12 | normal |
| Aug 12, 2021 | Aug 31, 2021 | Aug 4, 2021 | $0.12 | normal |
| May 13, 2021 | Jun 1, 2021 | May 5, 2021 | $0.12 | normal |
| Feb 11, 2021 | Mar 1, 2021 | Feb 3, 2021 | $0.12 | normal |
| Nov 12, 2020 | Nov 30, 2020 | Nov 4, 2020 | $0.12 | normal |
| Aug 13, 2020 | Aug 31, 2020 | Aug 5, 2020 | $0.12 | normal |
| May 14, 2020 | May 29, 2020 | May 6, 2020 | $0.12 | normal |
| Feb 19, 2020 | Mar 4, 2020 | Feb 10, 2020 | $0.12 | normal |
| Nov 14, 2019 | Nov 29, 2019 | Nov 6, 2019 | $0.12 | normal |
| Aug 15, 2019 | Aug 30, 2019 | Aug 7, 2019 | $0.1 | normal |
| May 16, 2019 | May 31, 2019 | May 8, 2019 | $0.1 | normal |
| Feb 14, 2019 | Feb 28, 2019 | Feb 5, 2019 | $0.1 | normal |
| Nov 15, 2018 | Nov 30, 2018 | Nov 5, 2018 | $0.09 | normal |
| Aug 14, 2018 | Aug 31, 2018 | Aug 8, 2018 | $0.08 | normal |
| May 14, 2018 | May 31, 2018 | May 9, 2018 | $0.08 | normal |
| Feb 14, 2018 | Feb 28, 2018 | Feb 1, 2018 | $0.07 | normal |
| Nov 14, 2017 | Nov 30, 2017 | Nov 1, 2017 | $0.07 | normal |
| Aug 10, 2017 | Aug 31, 2017 | Aug 3, 2017 | $0.05 | normal |
| May 11, 2017 | May 31, 2017 | May 3, 2017 | $0.05 | normal |
| Feb 15, 2017 | Feb 28, 2017 | Feb 8, 2017 | $0.05 | normal |
| Nov 9, 2016 | Nov 30, 2016 | Nov 3, 2016 | $0.05 | normal |
SHBI has a payout ratio of 114.3% 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 39.7%, Shore Bancshares's payout ratio is 188% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SASR Sandy Spring Bancorp Inc | 6.43% | $1.36 | 49.6% |
| SHBI Shore Bancshares Inc | 4.53% | $0.48 | 114.3% |
| PNC Pnc Financial Services Group Inc | 4.03% | $6.2 | 48.4% |
| MTB M&T Bank Corp | 3.56% | $5.2 | 32.8% |
| FUNC First United Corp | 3.54% | $0.8 | 35.6% |
| WFC Wells Fargo & Company | 2.27% | $1.35 | 27.7% |
Yes, Shore Bancshares has been paying dividends for the last nine years.
SHBI hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in May 2024.
Shore Bancshares's last regular dividend was on Feb 9, 2024 (ex-date) with the amount of $0.12 per share.
SHBI has paid dividend of $0.48 per share in the last year.
Shore Bancshares's current dividend yield is 4.64%.
Shore Bancshares has a quarterly dividend frequency.
The dividend payout ratio of Shore Bancshares is 114.3%.
Shore Bancshares's dividend yield is higher than the Financial Services sector average.