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SMMF Summit Financial Group dividend history, payout ratio & dates

Summit Financial Group's most recent quarterly dividend of $0.2 per share was on Sep 14, 2022 (ex-date). The annualized payout of $0.74 per share represents a current dividend yield of 2.66%. The latest SMMF distribution of $0.2 marks a dividend growth of 11%.

Key dates

  • SMMF last dividend date: Sep 14, 2022
  • SMMF next dividend date: Not announced
SMMF dividend stats
DPS
$0.74
Dividend yield
2.66%
Payout ratio
19.9%
vs. Financial Services sector
Dividend yield
2.81%
Payout ratio
30.1%

Dividend yield

What is Summit Financial Group current dividend yield

Summit Financial Group's dividend yield of 2.66% is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 2.81%, Summit Financial Group's dividend yield is 5% lower. The historical 5-year average of SMMF's dividend yield is 2.6%, which is in line with the current one.

Dividend history

What is SMMF dividend payout history and dates

Summit Financial Group has a dividend history dating as far as 2000, but when it comes to recent years the company has recorded seven consecutive years of dividend payments. Our records of SMMF show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS has grown by 7% for the last year. But since the stock price has gone up by 11% from a year ago, the dividend yield has decreased by 3.8%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Sep 14, 2022 Sep 30, 2022 Aug 25, 2022 $0.2 normal
Jun 14, 2022 Jun 30, 2022 May 31, 2022 $0.18 normal
Mar 14, 2022 Mar 31, 2022 Feb 25, 2022 $0.18 normal
Dec 14, 2021 Dec 31, 2021 Nov 18, 2021 $0.18 normal
Sep 14, 2021 Sep 30, 2021 Aug 27, 2021 $0.18 normal
Jun 14, 2021 Jun 30, 2021 May 28, 2021 $0.17 normal
Mar 12, 2021 Mar 31, 2021 Feb 25, 2021 $0.17 normal
Dec 14, 2020 Dec 31, 2020 Nov 19, 2020 $0.17 normal
Sep 14, 2020 Sep 30, 2020 Aug 28, 2020 $0.17 normal
Jun 12, 2020 Jun 30, 2020 May 21, 2020 $0.17 normal
Mar 13, 2020 Mar 31, 2020 Feb 27, 2020 $0.17 normal
Dec 13, 2019 Dec 31, 2019 Nov 21, 2019 $0.15 normal
Sep 13, 2019 Sep 30, 2019 Aug 29, 2019 $0.15 normal
Jun 13, 2019 Jun 28, 2019 May 23, 2019 $0.15 normal
Mar 14, 2019 Mar 29, 2019 Feb 28, 2019 $0.14 normal
Dec 13, 2018 Dec 31, 2018 Nov 29, 2018 $0.14 normal
Sep 13, 2018 Sep 28, 2018 Aug 23, 2018 $0.13 normal
Jun 14, 2018 Jun 29, 2018 May 24, 2018 $0.13 normal
Mar 14, 2018 Mar 30, 2018 Feb 22, 2018 $0.13 normal
Dec 14, 2017 Dec 29, 2017 Nov 16, 2017 $0.11 normal
Sep 14, 2017 Sep 30, 2017 Aug 24, 2017 $0.11 normal
Jun 13, 2017 Jun 30, 2017 May 25, 2017 $0.11 normal
Mar 13, 2017 Mar 31, 2017 Feb 23, 2017 $0.11 normal
Dec 13, 2016 Dec 30, 2016 Dec 1, 2016 $0.1 normal
Sep 13, 2016 Sep 30, 2016 Aug 25, 2016 $0.1 normal

Summit Financial Group dividend payout ratio

What is Summit Financial Group dividend payout ratio compared to the sector

Payout ratio

Summit Financial Group's payout ratio of 19.9% is below the Financial Services sector, the industry and its peers average. In comparison with its Financial Services sector average of 30.1%, Summit Financial Group's payout ratio is 34% lower.

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

SMMF dividend vs peer dividends

How does SMMF dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
HBAN Huntington Bancshares Inc 4.52% $0.62 54.4%
FNB Fnb Corp 3.86% $0.48 44%
AMNB American National Bankshares Inc 3.38% $1.12 31.3%
RF Regions Financial Corp 3.35% $0.71 31.6%
FCBC First Community Bankshares Inc 3.32% $1.1 42.3%
TRMK Trustmark Corp 2.87% $0.92 51.1%
SMMF Summit Financial Group Inc 2.66% $0.74 19.9%
CHCO City Holding Co 2.66% $2.38 40.1%

Frequently asked questions

Does Summit Financial Group pay a dividend?

Yes, Summit Financial Group has paid four dividends in the last 12 months. SMMF has been paying dividends since 2015.

When is Summit Financial Group's next dividend?

SMMF 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 December 2022.

When was SMMF's last dividend?

Summit Financial Group's last regular dividend was on Sep 14, 2022 (ex-date) with the amount of $0.2 per share.

How much dividend does Summit Financial Group pay (per share)?

On an annual basis SMMF pays $0.74 per share.

What is Summit Financial Group's dividend yield?

Currently Summit Financial Group's dividend yield is 2.66%.

How often does Summit Financial Group pay dividends?

Summit Financial Group has a quarterly dividend frequency.

What is Summit Financial Group's dividend payout ratio?

The dividend payout ratio of Summit Financial Group is 19.9%.

Does Summit Financial Group pay a good dividend?

Summit Financial Group's dividend yield is lower than the Financial Services sector average.