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SRCE 1St Source dividend history, payout ratio & dates

1St Source's most recent quarterly dividend of $0.32 per share was on Aug 1, 2022 (ex-date). The annualized payout of $1.25 per share represents a current dividend yield of 2.7%. The latest SRCE distribution of $0.32 marks a dividend growth of 3.2%.

Key dates

  • SRCE last dividend date: Aug 1, 2022
  • SRCE next dividend date: Not announced
SRCE dividend stats
DPS
$1.25
Dividend yield
2.7%
Payout ratio
26.7%
vs. Financial Services sector
Dividend yield
2.95%
Payout ratio
30.2%

Dividend yield

What is 1St Source current dividend yield

1St Source's dividend yield of 2.7% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.95%, 1St Source's dividend yield is 8% lower. The current dividend yield is more than the historical average of 2.4% of the last 5 years.

Dividend history

What is SRCE dividend payout history and dates

1St Source has a history of paying dividends since 1996. Our records of SRCE show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 6% for the last year. And since the stock price has gone down by 4.2% from a year ago, the dividend yield marks an increase of 11%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Aug 1, 2022 Aug 12, 2022 Jul 21, 2022 $0.32 normal
May 2, 2022 May 13, 2022 Apr 21, 2022 $0.31 normal
Feb 7, 2022 Feb 16, 2022 Jan 20, 2022 $0.31 normal
Nov 1, 2021 Nov 12, 2021 Oct 21, 2021 $0.31 normal
Aug 2, 2021 Aug 13, 2021 Jul 22, 2021 $0.31 normal
May 3, 2021 May 14, 2021 Apr 22, 2021 $0.3 normal
Feb 1, 2021 Feb 12, 2021 Jan 21, 2021 $0.29 normal
Nov 2, 2020 Nov 13, 2020 Oct 22, 2020 $0.28 normal
Aug 3, 2020 Aug 14, 2020 Jul 23, 2020 $0.28 normal
May 4, 2020 May 15, 2020 Apr 23, 2020 $0.28 normal
Feb 3, 2020 Feb 14, 2020 Jan 23, 2020 $0.29 normal
Nov 4, 2019 Nov 15, 2019 Oct 17, 2019 $0.29 normal
Aug 2, 2019 Aug 15, 2019 Jul 18, 2019 $0.27 normal
May 3, 2019 May 15, 2019 Apr 18, 2019 $0.27 normal
Feb 1, 2019 Feb 14, 2019 Jan 24, 2019 $0.27 normal
Nov 2, 2018 Nov 15, 2018 Oct 18, 2018 $0.25 normal
Aug 3, 2018 Aug 15, 2018 Jul 19, 2018 $0.25 normal
May 4, 2018 May 15, 2018 Apr 19, 2018 $0.24 normal
Feb 2, 2018 Feb 15, 2018 Jan 18, 2018 $0.22 normal
Nov 3, 2017 Nov 15, 2017 Oct 19, 2017 $0.2 normal
Aug 3, 2017 Aug 15, 2017 Jul 20, 2017 $0.19 normal
Apr 28, 2017 May 12, 2017 Apr 20, 2017 $0.19 normal
Feb 2, 2017 Feb 15, 2017 Jan 19, 2017 $0.18 normal
Oct 28, 2016 Nov 11, 2016 Oct 20, 2016 $0.18 normal
Jul 29, 2016 Aug 12, 2016 Jul 21, 2016 $0.18 normal

1St Source dividend payout ratio

What is 1St Source dividend payout ratio compared to the sector

Payout ratio

1St Source's payout ratio of 26.7% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 30.2%, 1St Source's payout ratio is 12% lower.

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

SRCE dividend vs peer dividends

How does SRCE dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
ONB Old National Bancorp 3.4% $0.56 54.9%
HBNC Horizon Bancorp Inc 3.4% $0.61 28.6%
FRME First Merchants Corp 3.15% $1.22 35.7%
SRCE 1St Source Corp 2.7% $1.25 26.7%
GABC German American Bancorp Inc 2.52% $0.9 34%
THFF First Financial Corp 2.37% $1.07 22.4%

Frequently asked questions

Does 1St Source pay a dividend?

Yes, 1St Source has been paying dividends for the last 26 years.

When is 1St Source's next dividend?

SRCE 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 SRCE's last dividend?

1St Source's last regular dividend was on Aug 1, 2022 (ex-date) with the amount of $0.32 per share.

How much dividend does 1St Source pay (per share)?

SRCE's annualized dividend per share is $1.25.

What is 1St Source's dividend yield?

The current dividend yield of 1St Source is 2.7%.

How often does 1St Source pay dividends?

1St Source pays four dividends per year.

What is 1St Source's dividend payout ratio?

The dividend payout ratio of 1St Source is 26.7%.

Does 1St Source pay a good dividend?

1St Source's dividend yield is less than the Financial Services sector average.