By the end of today, November 16, 2023, Zions Bancorp ZION is set to deliver a dividend payout of $0.41 per share, equating to an annualized dividend yield of 5.39%. The company's dividend payout went ex-dividend on November 08, 2023, so only the investors that owned the stock prior to the ex-dividend date will receive this payout.
Zions Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-08 | 4 | $0.41 | 5.39% | 2023-10-27 | 2023-11-09 | 2023-11-16 |
| 2023-08-16 | 4 | $0.41 | 4.36% | 2023-07-28 | 2023-08-17 | 2023-08-24 |
| 2023-05-17 | 4 | $0.41 | 8.23% | 2023-05-05 | 2023-05-18 | 2023-05-25 |
| 2023-02-15 | 4 | $0.41 | 3.14% | 2023-01-27 | 2023-02-16 | 2023-02-23 |
| 2022-11-09 | 4 | $0.41 | 3.26% | 2022-10-28 | 2022-11-10 | 2022-11-17 |
| 2022-08-17 | 4 | $0.41 | 3.07% | 2022-07-29 | 2022-08-18 | 2022-08-25 |
| 2022-05-18 | 4 | $0.38 | 2.62% | 2022-04-29 | 2022-05-19 | 2022-05-26 |
| 2022-02-16 | 4 | $0.38 | 2.27% | 2022-01-28 | 2022-02-17 | 2022-02-24 |
| 2021-11-09 | 4 | $0.38 | 2.35% | 2021-10-22 | 2021-11-10 | 2021-11-18 |
| 2021-08-11 | 4 | $0.38 | 3.02% | 2021-07-23 | 2021-08-12 | 2021-08-19 |
| 2021-05-12 | 4 | $0.34 | 2.41% | 2021-04-30 | 2021-05-13 | 2021-05-20 |
| 2021-02-17 | 4 | $0.34 | 2.82% | 2021-02-05 | 2021-02-18 | 2021-02-25 |
With a dividend yield that places it neither at the top nor the bottom, Zions Bancorp finds itself in the middle among its industry peers, while New York Community NYCB boasts the highest annualized dividend yield at 7.28%.
Analyzing Zions 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 2019 and 2022. The dividend per share rose from $1.28 to $1.58, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Zions Bancorp
From 2019 to 2022, Zions Bancorp has demonstrated an upward trend in earnings, with earnings per share rising from $4.28 to $5.30. This positive earnings growth bodes well for investors looking to generate income through cash dividend payouts.
Recap
This article provides an in-depth analysis of Zions Bancorp's recent dividend distribution and the impact it has on shareholders. The company is currently distributing a dividend of $0.41 per share, resulting in an annualized dividend yield of 5.39%.
With a dividend yield that places it neither at the top nor the bottom, Zions Bancorp finds itself in the middle among its industry peers, while New York Community boasts the highest annualized dividend yield at 7.28%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, Zions Bancorp appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
Investors should closely follow the company's performance in the coming quarters to stay up-to-date on any shifts 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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