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SHBI Shore Bancshares dividend history, payout ratio & dates

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.

Key dates

  • SHBI last dividend date: Aug 11, 2022
  • SHBI next dividend date: Not announced
SHBI dividend stats
DPS
$0.48
Dividend yield
2.7%
Payout ratio
42.1%
vs. Financial Services sector
Dividend yield
2.81%
Payout ratio
30.1%

Dividend yield

What is Shore Bancshares current dividend yield

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.

Dividend history

What is SHBI dividend payout history and dates

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%.

Recent dividends

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

Shore Bancshares dividend payout ratio

What is Shore Bancshares dividend payout ratio compared to the sector

Payout ratio

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.

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

SHBI dividend vs peer dividends

How does SHBI dividend compare to its peers' dividends
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%

Frequently asked questions

Does Shore Bancshares pay a dividend?

Yes, Shore Bancshares has been paying dividends for the last seven years.

When is Shore Bancshares's next dividend?

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.

When was SHBI's last dividend?

Shore Bancshares's last regular dividend was on Aug 11, 2022 (ex-date) with the amount of $0.12 per share.

How much dividend does Shore Bancshares pay (per share)?

SHBI has paid dividend of $0.48 per share in the last year.

What is Shore Bancshares's dividend yield?

Shore Bancshares's current dividend yield is 2.7%.

How often does Shore Bancshares pay dividends?

Shore Bancshares has a quarterly dividend frequency.

What is Shore Bancshares's dividend payout ratio?

The dividend payout ratio of Shore Bancshares is 42.1%.

Does Shore Bancshares pay a good dividend?

Shore Bancshares's dividend yield is in line with the Financial Services sector average.