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1st Source (SRCE) Dividend Yield, Date & History

1st Source logo
$59.15 -0.16 (-0.27%)
(As of 12/20/2024 05:16 PM ET)

1st Source Dividend Summary

Dividend Yield
2.43%
Annual Dividend
$1.44
Recent
Dividend Payment
Nov. 15
Dividend Increase
Track Record
37 Years
Annualized 3-Year
Dividend Growth
4.78%
Dividend Payout Ratio
27.43%

1st Source (SRCE) pays an annual dividend of $1.44 per share, with a dividend yield of 2.43%. The next quarterly payment of $0.36 per share was paid on Friday, November 15, to investors who owned the stock before the ex-dividend date of Tuesday, November 5. SRCE has grown its dividend for 37 consecutive years, with an average annual increase of 1.57%. The company currently pays out 27.43% of its earnings and 26.10% of its cash flow as dividends.

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SRCE Dividend Payments by Quarter

The chart below displays up to four years of 1st Source's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

SRCE Dividend Yield Over Time

The chart below tracks 1st Source's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

1st Source vs. The Competition

Compare 1st Source's annual dividend, yield, and 3-year growth rate with averages for Finance and NASDAQ companies to evaluate its performance against the market.

Type1st SourceFinance CompaniesNASDAQ Companies
Annual Dividend$1.44$0.02$1.31
Dividend Yield2.43%10.52%4.21%
Annualized 3-Year Dividend Growth4.78%12.89%14.22%
Track Record37 years17 years19 years

1st Source 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 Earnings27.43%
Based on This Year's Estimate26.87%
Based on Next Year's Estimate26.09%
Based on Cashflow26.10%

1st Source Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
10/24/2024Quarterly$0.36 - 2.51%11/5/202411/5/202411/15/2024
7/25/2024Quarterly$0.36+$0.02
5.88%
2.3%8/5/20248/5/20248/15/2024
4/25/2024Quarterly$0.34 - 2.66%5/3/20245/6/20245/15/2024
1/18/2024Quarterly$0.34 - 2.56%2/2/20242/5/20242/15/2024
10/19/2023Quarterly$0.34+$0.02
6.25%
3.1%11/3/202311/6/202311/15/2023
7/20/2023Quarterly$0.32 - 2.82%7/31/20238/1/20238/11/2023
4/20/2023Quarterly$0.32 - 2.95%5/1/20235/2/20235/12/2023
1/19/2023Quarterly$0.32 - 2.75%2/3/20232/6/20232/16/2023

This table shows 1st Source'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.

1st Source Dividend - Frequently Asked Questions

The current dividend yield for 1st Source is 2.43%. Learn more on SRCE's dividend yield history.

The annual dividend for SRCE shares is $1.44. Learn more on SRCE's annual dividend history.

1st Source pays quarterly dividends to shareholders.

1st Source's most recent quarterly dividend payment of $0.36 per share was made to shareholders on Friday, November 15, 2024.

1st Source's most recent ex-dividend date was Tuesday, November 5, 2024.

Over the past three years, the company's dividend has grown by an average of 4.78% per year.

1st Source has increased its dividend for the past 37 consecutive years.

The most recent change in the company's dividend was an increase of $0.02 on Thursday, July 25, 2024.

The dividend payout ratio for SRCE is:
  • 27.43% based on the trailing year of earnings
  • 26.87% based on this year's estimates
  • 26.09% based on next year's estimates
  • 26.10% based on cash flow

1st Source's dividend yield of 2.31% is lower than the average Finance company that issues a dividend. The company's 37 consecutive years of dividend growth indicate that the company has a strong committment to maintain and grow its dividend. 1st Source's dividend payout ratio of 27.43% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate 1st Source stock as a Hold, forecasting limited upside or downside, with the stock seen as fairly valued at this time.


This page (NASDAQ:SRCE) was last updated on 12/21/2024 by MarketBeat.com Staff
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