By the close of today, January 19, 2024, Horizon Bancorp HBNC will issue a dividend payout of $0.16 per share, resulting in an annualized dividend yield of 4.70%. This payout is exclusively for shareholders who held the stock before the ex-dividend date on January 04, 2024.
Horizon Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-01-04 | 4 | $0.16 | 4.7% | 2023-12-19 | 2024-01-05 | 2024-01-19 |
| 2023-10-05 | 4 | $0.16 | 6.06% | 2023-09-19 | 2023-10-06 | 2023-10-20 |
| 2023-07-06 | 4 | $0.16 | 5.77% | 2023-06-20 | 2023-07-07 | 2023-07-21 |
| 2023-04-05 | 4 | $0.16 | 5.89% | 2023-03-21 | 2023-04-07 | 2023-04-21 |
| 2023-01-05 | 4 | $0.16 | 4.33% | 2022-12-20 | 2023-01-06 | 2023-01-20 |
| 2022-10-06 | 4 | $0.16 | 3.32% | 2022-09-20 | 2022-10-07 | 2022-10-21 |
| 2022-07-07 | 4 | $0.16 | 3.78% | 2022-06-24 | 2022-07-08 | 2022-07-22 |
| 2022-04-07 | 4 | $0.15 | 2.91% | 2022-03-17 | 2022-04-08 | 2022-04-22 |
| 2022-01-06 | 4 | $0.15 | 2.97% | 2021-12-21 | 2022-01-07 | 2022-01-21 |
| 2021-10-07 | 4 | $0.15 | 3.61% | 2021-09-22 | 2021-10-08 | 2021-10-22 |
| 2021-07-01 | 4 | $0.13 | 2.97% | 2021-06-22 | 2021-07-02 | 2021-07-16 |
| 2021-03-31 | 4 | $0.13 | 2.71% | 2021-03-17 | 2021-04-02 | 2021-04-16 |
Horizon Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Heritage Commerce HTBK having the highest annualized dividend yield at 5.59%.
Analyzing Horizon Bancorp Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2020 and 2023. The dividend per share rose from $0.48 to $0.64, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Horizon Bancorp
The earnings chart illustrates an increase in Horizon Bancorp's earnings per share, from $1.42 in 2020 to $1.69 in 2023. This positive earnings growth provides income-seeking investors with optimism, as it suggests potential for higher cash dividend payouts in the future.
Recap
This article takes an in-depth look at Horizon Bancorp's recent dividend payout and its implications for shareholders. The company is currently distributing a dividend of $0.16 per share today, translating to an annualized dividend yield of 4.70%.
Horizon Bancorp's dividend yield falls in the middle range when compared to its industry peers, with Heritage Commerce having the highest annualized dividend yield at 5.59%.
With an increase in dividend per share and earnings per share from 2020 to 2023, Horizon Bancorp demonstrates a healthy financial status and is likely to maintain their dividend distribution to investors.
It is essential for investors to closely track the company's performance in the coming quarters to remain updated regarding any alterations in financials or dividend disbursements.
[See current stock movements Horizon Bancorp on Benzinga.](https://www.benzinga.com/quote/Horizon Bancorp (NASDAQ: HBNC))
This article was generated by Benzinga's automated content engine and reviewed by an editor.
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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