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1st Source Corporation is a bank holding company that offers commercial and consumer banking services, trust and wealth advisory services, and insurance products to individual and business clients. The company operates through 79 banking centers in Indiana, Michigan, and Florida. Founded in 1863, it is headquartered in South Bend, Indiana.

1st Source Dividend Announcement

1st Source announced a quarterly dividend of $0.36 per ordinary share which will be made payable on 2024-08-15. Ex dividend date: 2024-08-05
1st Source annual dividend for 2024 was $1.04
1st Source annual dividend for 2023 was $1.30
1st Source's trailing twelve-month (TTM) dividend yield is 2.29%
1st Source's payout ratio for the trailing twelve months (TTM) is 26.60%
1st Source's dividend growth over the last five years (2018-2023) was 6.25% year
1st Source's dividend growth over the last ten years (2013-2023) was 6.69% year

1st Source Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-08-05$0.36quarterly2024-08-15
2024-05-03$0.34quarterly2024-05-15
2024-02-02$0.34quarterly2024-02-15
2023-11-03$0.34quarterly2023-11-15
2023-07-31$0.32quarterly2023-08-11
2023-05-01$0.32quarterly2023-05-12
2023-02-03$0.32quarterly2023-02-16
2022-10-31$0.32quarterly2022-11-10
2022-08-01$0.32quarterly2022-08-12
2022-05-02$0.31quarterly2022-05-13
2022-02-07$0.31quarterly2022-02-16
2021-11-01$0.31quarterly2021-11-12
2021-08-02$0.31quarterly2021-08-13
2021-05-03$0.30quarterly2021-05-14
2021-02-01$0.29quarterly2021-02-12
2020-11-02$0.28quarterly2020-11-13
2020-08-03$0.28quarterly2020-08-14
2020-05-04$0.28quarterly2020-05-15
2020-02-03$0.29quarterly2020-02-14
2019-11-04$0.29quarterly2019-11-15
2019-08-02$0.27quarterly2019-08-15
2019-05-03$0.27quarterly2019-05-15
2019-02-01$0.27quarterly2019-02-14
2018-11-02$0.25quarterly2018-11-15
2018-08-03$0.25quarterly2018-08-15
2018-05-04$0.24quarterly2018-05-15
2018-02-02$0.22quarterly2018-02-15
2017-11-03$0.20quarterly2017-11-15
2017-08-03$0.19quarterly2017-08-15
2017-04-28$0.19quarterly2017-05-12
2017-02-02$0.18quarterly2017-02-15
2016-10-28$0.18quarterly2016-11-11
2016-07-29$0.18quarterly2016-08-12
2016-04-29$0.18quarterly2016-05-13
2016-01-28$0.18quarterly2016-02-12
2015-10-30$0.18quarterly2015-11-13
2015-07-31$0.18quarterly2015-08-14
2015-05-01$0.18quarterly2015-05-15
2015-01-30$0.18quarterly2015-02-13
2014-11-03$0.18quarterly2014-11-14
2014-08-01$0.18quarterly2014-08-15
2014-05-01$0.18quarterly2014-05-15
2014-01-31$0.17quarterly2014-02-14
2013-11-01$0.17quarterly2013-11-15
2013-08-01$0.17quarterly2013-08-15
2013-05-03$0.17quarterly2013-05-15
2013-01-31$0.17quarterly2013-02-15

1st Source Dividend per year

1st Source Dividend growth

1st Source Dividend Yield

1st Source current trailing twelve-month (TTM) dividend yield is 2.29%. Interested in purchasing 1st Source stock? Use our calculator to estimate your expected dividend yield:

1st Source Financial Ratios

P/E ratio11.55
PEG ratio10.74
P/B ratio1.41
ROE12.87%
Payout ratio26.60%
Current ratio0.07
Quick ratio0.14
Cash Ratio0.02

1st Source Dividend FAQ

How much is the next 1st Source dividend?
1st Source's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next 1st Source dividend. The next 1st Source dividend will be released in February, May, July, or November.
When is 1st Source dividend paid?
1st Source pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, July, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does 1st Source pay?
The specific amount of 1st Source dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find 1st Source's dividend history.
Does 1st Source stock pay dividends?
Yes, 1st Source does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find 1st Source's dividend history.
How much dividend does 1st Source pay?
1st Source paid $1.04 in 2024, $1.3 in 2023, $1.26 in 2022, $1.21 in 2021, and $1.13 in 2020.
How often does 1st Source pay dividends?
1st Source typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around February, May, July, and November.
What is 1st Source's dividend yield?
The current dividend yield for 1st Source is 2.29%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate 1st Source's exact dividend yield.
When does 1st Source go ex dividend?
1st Source's ex-dividend date for the latest dividend was on 2024-08-05. 1st Source typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next 1st Source dividend paid?
1st Source pays dividends on a quarterly basis, typically around February, May, July, or November, but the exact dates can vary each year.
Will 1st Source increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether 1st Source will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is 1st Source dividend per share?
1st Source paid $1.04 per share in 2024 and $1.3 per share in 2023. The amount of dividend per share that 1st Source pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is 1st Source a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is 1st Source a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is 1st Source a dividend stock?
Yes, 1st Source is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is 1st Source a good dividend stock?
Whether 1st Source is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. 1st Source has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating 1st Source as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does 1st Source pay dividends monthly?
1st Source typically pays dividends on a quarterly basis.
Does 1st Source pay dividends quarterly?
1st Source currently pays dividends on a quarterly basis.
Has 1st Source ever paid a dividend?
Yes, 1st Source has a history of paying dividends to its shareholders. 1st Source is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy 1st Source dividend stocks?
To buy 1st Source you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy 1st Source stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does 1st Source pay dividends 2024?
1st Source pays dividends on a quarterly basis. 2024 dividend payments are in 2024-08-15. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will 1st Source increase its dividend in 2024?
Decisions regarding 1st Source dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date 1st Source dividend overview you can look into the above table of dividend history.
How 1st Source dividend works?
The 1st Source dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how 1st Source's dividend process works:

1. Determination of Dividend: 1st Source's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, 1st Source publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, 1st Source distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from 1st Source are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are 1st Source dividends paid?
1st Source dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: 1st Source sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, 1st Source distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: 1st Source declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does 1st Source pay dividends?
1st Source typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does 1st Source pay dividends?
The general pattern is that 1st Source pays dividends around February, May, July, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is 1st Source dividend safe?
The safety of 1st Source's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of 1st Source's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review 1st Source's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.