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Horizon Bancorp (HBNC) Dividend Yield, Date & History

Horizon Bancorp logo
$17.32 -0.01 (-0.06%)
(As of 12:31 PM ET)

Horizon Bancorp Dividend Summary

Dividend Yield
3.70%
Annual Dividend
$0.64
Recent
Dividend Payment
Oct. 18
Dividend Increase
Track Record
13 Years
Annualized 3-Year
Dividend Growth
10.06%
Dividend Payout Ratio
136.17%

Horizon Bancorp (HBNC) pays an annual dividend of $0.64 per share, with a dividend yield of 3.70%. The next quarterly payment of $0.16 per share was paid on Friday, October 18, to investors who owned the stock before the ex-dividend date of Friday, October 4. HBNC has grown its dividend for 13 consecutive years, with an average annual increase of 3.25%. The company currently pays out 136.17% of its earnings and 32.70% of its cash flow as dividends.

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HBNC Dividend Payments by Quarter

The chart below displays up to four years of Horizon Bancorp's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

HBNC Dividend Yield Over Time

The chart below tracks Horizon Bancorp's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Horizon Bancorp vs. The Competition

Compare Horizon Bancorp's annual dividend, yield, and 3-year growth rate with averages for Finance and NASDAQ companies to evaluate its performance against the market.

TypeHorizon BancorpFinance CompaniesNASDAQ Companies
Annual Dividend$0.64$0.02$1.31
Dividend Yield3.69%10.36%4.06%
Annualized 3-Year Dividend Growth10.06%12.89%14.22%
Track Record13 years17 years19 years

Horizon Bancorp Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings136.17%
Based on This Year's Estimate45.71%
Based on Next Year's Estimate38.55%
Based on Cashflow32.65%

Horizon Bancorp Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
9/17/2024Quarterly$0.16 - 3.86%10/4/202410/4/202410/18/2024
6/18/2024Quarterly$0.16 - 5.47%7/5/20247/5/20247/19/2024
3/19/2024Quarterly$0.16 - 5.21%4/4/20244/5/20244/19/2024
12/19/2023Quarterly$0.16 - 4.51%1/4/20241/5/20241/19/2024
9/19/2023quarterly$0.16 - 6.2%10/5/202310/6/202310/20/2023
6/20/2023Quarterly$0.16 - 6.12%7/6/20237/7/20237/21/2023
3/21/2023quarterly$0.16 - 5.8%4/5/20234/7/20234/21/2023
12/20/2022quarterly$0.16 - 4.2%1/5/20231/6/20231/20/2023

This table shows Horizon Bancorp's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Horizon Bancorp Dividend - Frequently Asked Questions

The current dividend yield for Horizon Bancorp is 3.69%. Learn more on HBNC's dividend yield history.

The annual dividend for HBNC shares is $0.64. Learn more on HBNC's annual dividend history.

Horizon Bancorp pays quarterly dividends to shareholders.

Horizon Bancorp's most recent quarterly dividend payment of $0.16 per share was made to shareholders on Friday, October 18, 2024.

Horizon Bancorp's most recent ex-dividend date was Friday, October 4, 2024.

Over the past three years, the company's dividend has grown by an average of 10.06% per year.

Horizon Bancorp has increased its dividend for the past 13 consecutive years.

The most recent change in the company's dividend was an increase of $0.01 on Friday, June 24, 2022.

The dividend payout ratio for HBNC is:
  • 136.17% based on the trailing year of earnings
  • 45.71% based on this year's estimates
  • 38.55% based on next year's estimates
  • 32.65% based on cash flow

Horizon Bancorp's dividend yield of 3.63% is lower than the average Finance company that issues a dividend. The company's 13 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. Horizon Bancorp's dividend payout ratio of 136.17% may not be sustainable. However, based on earnings estimates, HBNC will have a more sustainable dividend payout ratio of 38.55% next year.

Looking at the stock as a whole, market analysts rate Horizon Bancorp stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NASDAQ:HBNC) was last updated on 12/18/2024 by MarketBeat.com Staff
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