At the end of today, July 21, 2023, Horizon Bancorp HBNC will distribute a dividend payout of $0.16 per share, translating to an annualized dividend yield of 5.77%. Shareholders who held the stock before the ex-dividend date on July 06, 2023 will benefit from this payout.
Horizon Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 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 |
| 2021-01-07 | 4 | $0.12 | 3.14% | 2020-12-15 | 2021-01-08 | 2021-01-22 |
| 2020-10-01 | 4 | $0.12 | 4.5% | 2020-09-15 | 2020-10-02 | 2020-10-16 |
With a dividend yield that places it neither at the top nor the bottom, Horizon Bancorp finds itself in the middle among its industry peers, while Washington Trust Bancorp WASH boasts the highest annualized dividend yield at 7.65%.
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
During the period of 2019 to 2022, the company experienced a notable growth in its dividend per share. The dividend per share increased from $0.46 to $0.63, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For Horizon Bancorp
Investors can observe a growth in earnings for Horizon Bancorp from 2019 to 2022, as earnings per share increased from $1.51 to $2.19. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article provides an in-depth analysis of Horizon Bancorp's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.16 per share, resulting in an annualized dividend yield of 5.77%.
With a dividend yield that places it neither at the top nor the bottom, Horizon Bancorp finds itself in the middle among its industry peers, while Washington Trust Bancorp boasts the highest annualized dividend yield at 7.65%.
The upward trend in dividend per share and earnings per share for Horizon Bancorp from 2019 to 2022 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
Investors are encouraged to closely track the company's performance in the upcoming quarters to stay informed of any updates in financials or dividend disbursements.
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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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