Summit Financial Group's most recent quarterly dividend of $0.2 per share was on Mar 14, 2023 (ex-date). The annualized payout of $0.78 per share represents a current dividend yield of 4.08%.
Summit Financial Group's dividend yield of 4.08% is higher than the Financial Services sector average but lower than the industry and its peers average. In comparison with the Financial Services sector average of 3.86%, Summit Financial Group's dividend yield is 6% higher. The historical 5-year average of SMMF's dividend yield is 2.8%, which is lower than the current one.
Summit Financial Group has a dividend history dating as far as 2000, but when it comes to recent years the company has recorded eight 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 10% for the last year. And since the stock price has gone down by 30% from a year ago, the dividend yield has grown by 57%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2023 | Mar 31, 2023 | Feb 24, 2023 | $0.2 | normal |
| Dec 14, 2022 | Dec 30, 2022 | Nov 17, 2022 | $0.2 | normal |
| 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's payout ratio of 18.2% is below the Financial Services sector, the industry and its peers average. In comparison with its Financial Services sector average of 32.1%, Summit Financial Group's payout ratio is 43% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HBAN Huntington Bancshares Inc | 5.72% | $0.62 | 39.7% |
| RF Regions Financial Corp | 4.46% | $0.8 | 33.9% |
| FNB Fnb Corp | 4.18% | $0.48 | 32.4% |
| FCBC First Community Bankshares Inc | 4.16% | $1.16 | 38.8% |
| TRMK Trustmark Corp | 4.13% | $0.92 | 60.9% |
| AMNB American National Bankshares Inc | 4.13% | $1.18 | 36.3% |
| SMMF Summit Financial Group Inc | 4.09% | $0.78 | 18.2% |
| CHCO City Holding Co | 2.82% | $2.55 | 36.2% |
Yes, Summit Financial Group has paid four dividends in the last 12 months. SMMF has been paying dividends since 2015.
SMMF has announced its next dividend with ex-date Jun 14, 2023.
Summit Financial Group's last regular dividend was on Mar 14, 2023 (ex-date) with the amount of $0.2 per share.
On an annual basis SMMF pays $0.78 per share.
Currently Summit Financial Group's dividend yield is 4.08%.
Summit Financial Group has a quarterly dividend frequency.
The dividend payout ratio of Summit Financial Group is 18.2%.
Summit Financial Group's dividend yield is higher than the Financial Services sector average.