1St Source's most recent dividend of $0.36 per share was on Aug 5, 2024 (ex-date). The annualized payout of $1.38 per share represents a current dividend yield of 2.35%. The latest SRCE distribution of $0.36 marks a dividend growth of 6%.
1St Source's dividend yield of 2.35% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 2.91%, 1St Source's dividend yield is 19% lower. The current dividend yield is less than the historical average of 2.7% of the last 5 years.
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 38% from a year ago, the dividend yield has decreased by 22%.
Ex-date | Amount | Yield (TTM) |
---|---|---|
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'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 43.3%, 1St Source's payout ratio is 38% lower.
Name | Dividend yield | DPS | Payout ratio |
---|---|---|---|
HBNC Horizon Bancorp Inc | 4.32% | $0.64 | 148.8% |
THFF First Financial Corp | 4.32% | $1.8 | 41.7% |
FRME First Merchants Corp | 3.81% | $1.38 | 44.1% |
ONB Old National Bancorp | 3.06% | $0.56 | 32.7% |
GABC German American Bancorp Inc | 2.75% | $1.06 | 38.1% |
SRCE 1St Source Corp | 2.35% | $1.38 | 26.7% |
Yes, 1St Source has been paying dividends for the last 28 years.
1St Source's last regular dividend was on Aug 5, 2024 (ex-date) with the amount of $0.36 per share.
SRCE's annualized dividend per share is $1.38.
The current dividend yield of 1St Source is 2.35%.
1St Source pays four dividends per year.
The dividend payout ratio of 1St Source is 26.7%.
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.