Prosperity Bancshares's latest quarterly cash dividend of $0.55 per share was issued to shareholders on record before Mar 14, 2023. The dividend distribution stands at $2.14 per share annually, which comes to a dividend yield of 3.68%.
PB has a dividend yield of 3.68% which is above its peers average but below the Financial Services sector and the industry average. But compared to its Financial Services sector average of 3.81%, Prosperity Bancshares's dividend yield is only 3.4% lower. The current dividend yield is above the historical average of 2.7% of the last 5 years.
Prosperity Bancshares has been paying dividends for the last 24 years. Our records show that PB has distributed four quarterly dividends in the past year. The annualized dividend per share has an increase of 6% since twelve months ago. And with the price of the stock down by 20% from a year ago, the dividend yield has an increase of 32%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Mar 14, 2023 | Apr 3, 2023 | Jan 18, 2023 | $0.55 | normal |
| Dec 14, 2022 | Jan 3, 2023 | Oct 19, 2022 | $0.55 | normal |
| Sep 14, 2022 | Oct 3, 2022 | Jul 21, 2022 | $0.52 | normal |
| Jun 14, 2022 | Jul 1, 2022 | Apr 20, 2022 | $0.52 | normal |
| Mar 14, 2022 | Apr 1, 2022 | Jan 26, 2022 | $0.52 | normal |
| Dec 14, 2021 | Jan 3, 2022 | Oct 20, 2021 | $0.52 | normal |
| Sep 14, 2021 | Oct 1, 2021 | Jul 27, 2021 | $0.49 | normal |
| Jun 14, 2021 | Jul 1, 2021 | Apr 28, 2021 | $0.49 | normal |
| Mar 12, 2021 | Apr 1, 2021 | Jan 27, 2021 | $0.49 | normal |
| Dec 14, 2020 | Jan 4, 2021 | Oct 28, 2020 | $0.49 | normal |
| Sep 14, 2020 | Oct 1, 2020 | Jul 29, 2020 | $0.46 | normal |
| Jun 12, 2020 | Jul 1, 2020 | Apr 29, 2020 | $0.46 | normal |
| Mar 13, 2020 | Apr 1, 2020 | Jan 21, 2020 | $0.46 | normal |
| Dec 13, 2019 | Jan 2, 2020 | Oct 23, 2019 | $0.46 | normal |
| Sep 13, 2019 | Oct 1, 2019 | Jul 24, 2019 | $0.41 | normal |
| Jun 13, 2019 | Jul 1, 2019 | Apr 24, 2019 | $0.41 | normal |
| Mar 14, 2019 | Apr 1, 2019 | Jan 30, 2019 | $0.41 | normal |
| Dec 13, 2018 | Jan 2, 2019 | Oct 24, 2018 | $0.41 | normal |
| Sep 13, 2018 | Oct 1, 2018 | Jul 25, 2018 | $0.36 | normal |
| Jun 14, 2018 | Jul 2, 2018 | Apr 25, 2018 | $0.36 | normal |
| Mar 15, 2018 | Apr 2, 2018 | Jan 24, 2018 | $0.36 | normal |
| Dec 14, 2017 | Jan 2, 2018 | Oct 17, 2017 | $0.36 | normal |
| Sep 14, 2017 | Oct 2, 2017 | Jul 26, 2017 | $0.34 | normal |
| Jun 14, 2017 | Jul 3, 2017 | Apr 26, 2017 | $0.34 | normal |
| Mar 15, 2017 | Apr 3, 2017 | Jan 25, 2017 | $0.34 | normal |
| Dec 14, 2016 | Jan 3, 2017 | $0.34 | normal | |
| Sep 14, 2016 | Oct 3, 2016 | Jul 27, 2016 | $0.3 | normal |
| Jun 15, 2016 | Jul 1, 2016 | $0.3 | normal | |
| Mar 16, 2016 | Apr 1, 2016 | $0.3 | normal |
PB has a payout ratio of 37.1% which is higher than the Financial Services sector and the industry average but lower than its peers average. If we compare it with the Financial Services sector average of 32.1%, Prosperity Bancshares's payout ratio is 16% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| SBSI Southside Bancshares Inc | 5.04% | $1.38 | 41.4% |
| IBTX Independent Bank Group Inc | 4.37% | $1.52 | 58.2% |
| PB Prosperity Bancshares Inc | 3.68% | $2.14 | 37.1% |
| CFR Cullen/Frost Bankers Inc | 3.19% | $3.36 | 33.4% |
| IBOC International Bancshares Corp | 2.81% | $1.23 | 22% |
| FFIN First Financial Bankshares Inc | 2.53% | $0.68 | 42% |
Yes, Prosperity Bancshares has been paying dividends for the last 24 years.
PB's next dividend date is Jun 14, 2023 (ex-date).
Prosperity Bancshares's last regular dividend was on Mar 14, 2023 (ex-date) with the amount of $0.55 per share.
PB has paid dividend of $2.14 per share in the last year.
Prosperity Bancshares's current dividend yield is 3.68%.
Prosperity Bancshares pays four dividends per year.
Prosperity Bancshares's dividend payout ratio is 37.1%.
Prosperity Bancshares's dividend yield is similar to the Financial Services sector average.