Smartfinancial's most recent quarterly dividend of $0.08 per share was on May 11, 2023 (ex-date). At an annualized rate of $0.3 per share, the stock yields 1.42%.
Smartfinancial's dividend yield of 1.42% is below the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 3.86%, Smartfinancial's dividend yield is 63% lower.
Smartfinancial has a dividend history dating as far as 2003, but when it comes to recent years the company has recorded four consecutive years of dividend payments. Our records of SMBK show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has increased by 15% for the last year. And since the stock price has gone down by 17% from a year ago, the dividend yield has increased by 40%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 11, 2023 | May 29, 2023 | Apr 27, 2023 | $0.08 | normal |
| Feb 9, 2023 | Feb 27, 2023 | Jan 26, 2023 | $0.08 | normal |
| Nov 10, 2022 | Nov 29, 2022 | Oct 28, 2022 | $0.07 | normal |
| Aug 11, 2022 | Aug 29, 2022 | Jul 28, 2022 | $0.07 | normal |
| May 12, 2022 | May 31, 2022 | Apr 28, 2022 | $0.07 | normal |
| Feb 10, 2022 | Feb 28, 2022 | Jan 27, 2022 | $0.07 | normal |
| Nov 10, 2021 | Nov 29, 2021 | Oct 28, 2021 | $0.06 | normal |
| Aug 5, 2021 | Aug 23, 2021 | Jul 23, 2021 | $0.06 | normal |
| May 6, 2021 | May 21, 2021 | Apr 22, 2021 | $0.06 | normal |
| Feb 11, 2021 | Mar 1, 2021 | Jan 28, 2021 | $0.06 | normal |
| Nov 6, 2020 | Nov 23, 2020 | Oct 23, 2020 | $0.05 | normal |
| Aug 6, 2020 | Aug 24, 2020 | Jul 23, 2020 | $0.05 | normal |
| May 7, 2020 | May 25, 2020 | Apr 23, 2020 | $0.05 | normal |
| Feb 6, 2020 | Feb 21, 2020 | Jan 23, 2020 | $0.05 | normal |
| Nov 20, 2019 | Dec 6, 2019 | Nov 6, 2019 | $0.05 | normal |
Smartfinancial's payout ratio of 10.8% is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 32.1%, Smartfinancial's payout ratio is 66% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NBTB Nbt Bancorp Inc | 3.27% | $1.2 | 35.2% |
| NBHC National Bank Holdings Corp | 2.99% | $0.99 | 37.2% |
| SMBK Smartfinancial Inc | 1.35% | $0.3 | 10.8% |
Yes, Smartfinancial has been paying dividends for the last four years.
SMBK 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 August 2023.
Smartfinancial's last regular dividend was on May 11, 2023 (ex-date) with the amount of $0.08 per share.
SMBK's annualized dividend per share is $0.3.
Smartfinancial's current dividend yield is 1.42%.
Smartfinancial has a quarterly dividend frequency.
The dividend payout ratio of Smartfinancial is 10.8%.
Smartfinancial's dividend yield is lower than the Financial Services sector average.