1St Source's most recent quarterly dividend of $0.34 per share was on Nov 3, 2023 (ex-date). The annualized payout of $1.3 per share represents a current dividend yield of 2.6%. The latest SRCE distribution of $0.34 marks a dividend growth of 6%.
1St Source's dividend yield of 2.6% is lower than the Financial Services sector, the industry and its peers average. If we compare it with the Financial Services sector average of 3.39%, 1St Source's dividend yield is 23% lower. The current dividend yield is in line with the historical average of 2.6% 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 3.2% for the last year. And since the stock price has gone down by 11% from a year ago, the dividend yield marks an increase of 16%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 3, 2023 | Nov 15, 2023 | Oct 19, 2023 | $0.34 | normal |
| Jul 31, 2023 | Aug 11, 2023 | Jul 20, 2023 | $0.32 | normal |
| May 1, 2023 | May 12, 2023 | Apr 20, 2023 | $0.32 | normal |
| Feb 3, 2023 | Feb 16, 2023 | Jan 19, 2023 | $0.32 | normal |
| Oct 31, 2022 | Nov 10, 2022 | Oct 20, 2022 | $0.32 | normal |
| 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's payout ratio of 25.4% is below the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 36.5%, 1St Source's payout ratio is 30% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| HBNC Horizon Bancorp Inc | 5.49% | $0.64 | 37.6% |
| FRME First Merchants Corp | 4.11% | $1.34 | 31.6% |
| ONB Old National Bancorp | 3.55% | $0.56 | 25.5% |
| GABC German American Bancorp Inc | 3.33% | $1 | 33.1% |
| THFF First Financial Corp | 2.71% | $1.08 | 20% |
| SRCE 1St Source Corp | 2.6% | $1.3 | 25.4% |
Yes, 1St Source has been paying dividends for the last 27 years.
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 February 2024.
1St Source's last regular dividend was on Nov 3, 2023 (ex-date) with the amount of $0.34 per share.
SRCE's annualized dividend per share is $1.3.
The current dividend yield of 1St Source is 2.6%.
1St Source pays four dividends per year.
The dividend payout ratio of 1St Source is 25.4%.
1St Source's dividend yield is less than the Financial Services sector average.