Shore Bancshares's most recent quarterly dividend was on Aug 11, 2022 (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 2.7% based on its recent close price.
SHBI has a dividend yield of 2.7% which is lower than the Financial Services sector, the industry and its peers average. But in comparison with the Financial Services sector average of 2.81%, Shore Bancshares's dividend yield is only 3.9% lower. The historical 5-year average of SHBI's dividend yield is 2.6%, which is in line with the current one.
Shore Bancshares has a long dividend history, including the last seven 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 0.6% from a year ago, the dividend yield has grown by 0.5%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 42.1% 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 30.1%, Shore Bancshares's payout ratio is 40% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SASR Sandy Spring Bancorp Inc | 3.6% | $1.34 | 30.5% |
| FUNC First United Corp | 3.49% | $0.6 | 17.2% |
| PNC Pnc Financial Services Group Inc | 3.45% | $5.5 | 43% |
| SHBI Shore Bancshares Inc | 2.7% | $0.48 | 42.1% |
| MTB M&T Bank Corp | 2.58% | $4.8 | 44.5% |
| WFC Wells Fargo & Company | 2.31% | $1 | 23.8% |
Yes, Shore Bancshares has been paying dividends for the last seven 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 November 2022.
Shore Bancshares's last regular dividend was on Aug 11, 2022 (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 2.7%.
Shore Bancshares has a quarterly dividend frequency.
The dividend payout ratio of Shore Bancshares is 42.1%.
Shore Bancshares's dividend yield is in line with the Financial Services sector average.