Stellar Bancorp's last quarterly dividend of $0.13 per share was on Mar 14, 2023 (ex-date). The annualized dividend payment of $0.52 per share represents a current dividend yield of 2.06%.
STEL has a dividend yield of 2.06% which is lower than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 3.32%, Stellar Bancorp's dividend yield is 38% lower. Historically STEL's dividend yield has averaged at 1.6% in the last 5 years, which is lower than the current one.
Stellar Bancorp has a history of paying dividends since 2017. Our records of STEL show that the company has distributed five quarterly dividends in the past year. The annualized dividend per share has remained the same for the last twelve months. But with the stock price down by 21% from a year ago, the dividend yield has increased by 27%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2023 | Mar 31, 2023 | Feb 22, 2023 | $0.13 | normal |
| Dec 14, 2022 | Dec 30, 2022 | Nov 18, 2022 | $0.13 | normal |
| Sep 28, 2022 | Oct 14, 2022 | Sep 21, 2022 | $0.13 | normal |
| Jun 28, 2022 | Jul 15, 2022 | Jun 16, 2022 | $0.13 | normal |
| Mar 31, 2022 | Apr 15, 2022 | Mar 17, 2022 | $0.13 | normal |
| Dec 31, 2021 | Jan 14, 2022 | Dec 16, 2021 | $0.13 | normal |
| Sep 30, 2021 | Oct 15, 2021 | Sep 16, 2021 | $0.13 | normal |
| Jun 30, 2021 | Jul 15, 2021 | Jun 17, 2021 | $0.13 | normal |
| Mar 31, 2021 | Apr 15, 2021 | Mar 17, 2021 | $0.13 | normal |
| Dec 31, 2020 | Jan 15, 2021 | Dec 17, 2020 | $0.1 | normal |
| Sep 30, 2020 | Oct 15, 2020 | Sep 16, 2020 | $0.1 | normal |
| Jun 30, 2020 | Jul 15, 2020 | Jun 17, 2020 | $0.1 | normal |
| Mar 31, 2020 | Apr 15, 2020 | Mar 18, 2020 | $0.1 | normal |
| Dec 31, 2019 | Jan 15, 2020 | Dec 18, 2019 | $0.1 | normal |
| Sep 30, 2019 | Oct 15, 2019 | Sep 18, 2019 | $0.1 | normal |
| Jun 28, 2019 | Jul 15, 2019 | Jun 19, 2019 | $0.1 | normal |
| Mar 29, 2019 | Apr 15, 2019 | Mar 20, 2019 | $0.1 | normal |
| Dec 31, 2018 | Jan 15, 2019 | Dec 19, 2018 | $0.05 | normal |
| Sep 28, 2018 | Oct 15, 2018 | Sep 19, 2018 | $0.05 | normal |
| Jun 29, 2018 | Jul 16, 2018 | Jun 20, 2018 | $0.05 | normal |
| Mar 29, 2018 | Apr 16, 2018 | Mar 21, 2018 | $0.05 | normal |
| Dec 29, 2017 | Jan 15, 2018 | Dec 20, 2017 | $0.05 | normal |
STEL has a payout ratio of 35.1% which is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 30.6%, Stellar Bancorp's payout ratio is 15% higher.
Yes, Stellar Bancorp has paid five dividends in the last twelve months. STEL has been paying dividends since 2017.
STEL hasn't announced its next dividend date yet, but if we take into consideration its recent dividend frequency, it is likely that its next dividend will be in June 2023.
Stellar Bancorp's last regular dividend was on Mar 14, 2023 (ex-date) with the amount of $0.13 per share.
STEL has paid dividend of $0.52 per share in the last year.
Stellar Bancorp's current dividend yield is 2.06%.
Stellar Bancorp pays dividends quarterly.
Stellar Bancorp's dividend payout ratio is 35.1%.
Stellar Bancorp's dividend yield is lower than the Financial Services sector average.