SRCE 1St Source dividend history, payout ratio & dates
1St Source's most recent dividend of $0.36 per share was on Nov 5, 2024 (ex-date). The annualized payout of $1.4 per share represents a current dividend yield of 2.15%.
Key dates
- SRCE last dividend date: Nov 5, 2024
SRCE dividend stats
vs. Financial Services sector
Dividend yield
1St Source's dividend yield of 2.15% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.58%, 1St Source's dividend yield is 17% lower. The current dividend yield is less than the historical average of 2.7% of the last 5 years.
Dividend history
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 8% for the last year. But since the stock price has gone up by 34% from a year ago, the dividend yield has decreased by 20%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Nov 5, 2024 | $0.36 | 2.32% |
| Aug 5, 2024 | $0.36 | 2.39% |
| May 3, 2024 | $0.34 | 2.6% |
| Feb 2, 2024 | $0.34 | 2.59% |
| Nov 3, 2023 | $0.34 | 2.76% |
| Jul 31, 2023 | $0.32 | 2.73% |
| May 1, 2023 | $0.32 | 3.11% |
| Feb 3, 2023 | $0.32 | 2.5% |
| Oct 31, 2022 | $0.32 | 2.17% |
| Aug 1, 2022 | $0.32 | 2.59% |
| May 2, 2022 | $0.31 | 2.89% |
| Feb 7, 2022 | $0.31 | 2.48% |
| Nov 1, 2021 | $0.31 | 2.44% |
| Aug 2, 2021 | $0.31 | 2.63% |
| May 3, 2021 | $0.3 | 2.4% |
| Feb 1, 2021 | $0.29 | 2.86% |
| Nov 2, 2020 | $0.28 | 3.35% |
| Aug 3, 2020 | $0.28 | 3.46% |
| May 4, 2020 | $0.28 | 3.42% |
| Feb 3, 2020 | $0.29 | 2.37% |
| Nov 4, 2019 | $0.29 | 2.12% |
| Aug 2, 2019 | $0.27 | 2.34% |
| May 3, 2019 | $0.27 | 2.14% |
| Feb 1, 2019 | $0.27 | 2.21% |
| Nov 2, 2018 | $0.25 | 2.04% |
| Aug 3, 2018 | $0.25 | 1.62% |
| May 4, 2018 | $0.24 | 1.63% |
| Feb 2, 2018 | $0.22 | 1.54% |
| Nov 3, 2017 | $0.2 | 1.49% |
| Aug 3, 2017 | $0.19 | 1.53% |
| Apr 28, 2017 | $0.19 | 1.51% |
| Feb 2, 2017 | $0.18 | 1.63% |
| Oct 28, 2016 | $0.18 | 2.09% |
| Jul 29, 2016 | $0.18 | 2.14% |
| Apr 29, 2016 | $0.18 | 2.04% |
| Jan 28, 2016 | $0.18 | 2.37% |
| Oct 30, 2015 | $0.18 | 2.11% |
| Jul 31, 2015 | $0.164 | 2.12% |
| May 1, 2015 | $0.164 | 2.33% |
| Jan 30, 2015 | $0.164 | 2.42% |
1St Source dividend payout ratio
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 44%, 1St Source's payout ratio is 39% lower.
Total amount of dividends paid per financial year (from cash flow)
SRCE dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| THFF First Financial Corp | 3.68% | $1.8 | 48.8% |
| HBNC Horizon Bancorp Inc | 3.5% | $0.64 | 133.3% |
| FRME First Merchants Corp | 3.18% | $1.38 | 45.7% |
| ONB Old National Bancorp | 2.65% | $0.56 | 33.7% |
| LKFN Lakeland Financial Corp | 2.61% | $1.92 | 49.7% |
| GABC German American Bancorp Inc | 2.4% | $1.08 | 39.1% |
| SRCE 1St Source Corp | 2.15% | $1.4 | 26.7% |
Frequently asked questions
Does 1St Source pay a dividend?
Yes, 1St Source has been paying dividends for the last 28 years.
When was SRCE's last dividend?
1St Source's last regular dividend was on Nov 5, 2024 (ex-date) with the amount of $0.36 per share.
How much dividend does 1St Source pay (per share)?
SRCE's annualized dividend per share is $1.4.
What is 1St Source's dividend yield?
The current dividend yield of 1St Source is 2.15%.
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.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.