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 2024-11-15. Ex dividend date: 2024-11-05
• 1st Source annual dividend for 2024 was $1.40
• 1st Source annual dividend for 2023 was $1.30
• 1st Source's trailing twelve-month (TTM) dividend yield is 2.12%
• 1st Source's payout ratio for the trailing twelve months (TTM) is 26.98%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-05 | $0.36 | quarterly | 2024-11-15 |
2024-08-05 | $0.36 | quarterly | 2024-08-15 |
2024-05-03 | $0.34 | quarterly | 2024-05-15 |
2024-02-02 | $0.34 | quarterly | 2024-02-15 |
2023-11-03 | $0.34 | quarterly | 2023-11-15 |
2023-07-31 | $0.32 | quarterly | 2023-08-11 |
2023-05-01 | $0.32 | quarterly | 2023-05-12 |
2023-02-03 | $0.32 | quarterly | 2023-02-16 |
2022-10-31 | $0.32 | quarterly | 2022-11-10 |
2022-08-01 | $0.32 | quarterly | 2022-08-12 |
2022-05-02 | $0.31 | quarterly | 2022-05-13 |
2022-02-07 | $0.31 | quarterly | 2022-02-16 |
2021-11-01 | $0.31 | quarterly | 2021-11-12 |
2021-08-02 | $0.31 | quarterly | 2021-08-13 |
2021-05-03 | $0.30 | quarterly | 2021-05-14 |
2021-02-01 | $0.29 | quarterly | 2021-02-12 |
2020-11-02 | $0.28 | quarterly | 2020-11-13 |
2020-08-03 | $0.28 | quarterly | 2020-08-14 |
2020-05-04 | $0.28 | quarterly | 2020-05-15 |
2020-02-03 | $0.29 | quarterly | 2020-02-14 |
2019-11-04 | $0.29 | quarterly | 2019-11-15 |
2019-08-02 | $0.27 | quarterly | 2019-08-15 |
2019-05-03 | $0.27 | quarterly | 2019-05-15 |
2019-02-01 | $0.27 | quarterly | 2019-02-14 |
2018-11-02 | $0.25 | quarterly | 2018-11-15 |
2018-08-03 | $0.25 | quarterly | 2018-08-15 |
2018-05-04 | $0.24 | quarterly | 2018-05-15 |
2018-02-02 | $0.22 | quarterly | 2018-02-15 |
2017-11-03 | $0.20 | quarterly | 2017-11-15 |
2017-08-03 | $0.19 | quarterly | 2017-08-15 |
2017-04-28 | $0.19 | quarterly | 2017-05-12 |
2017-02-02 | $0.18 | quarterly | 2017-02-15 |
2016-10-28 | $0.18 | quarterly | 2016-11-11 |
2016-07-29 | $0.18 | quarterly | 2016-08-12 |
2016-04-29 | $0.18 | quarterly | 2016-05-13 |
2016-01-28 | $0.18 | quarterly | 2016-02-12 |
2015-10-30 | $0.18 | quarterly | 2015-11-13 |
2015-07-31 | $0.18 | quarterly | 2015-08-14 |
2015-05-01 | $0.18 | quarterly | 2015-05-15 |
2015-01-30 | $0.18 | quarterly | 2015-02-13 |
2014-11-03 | $0.18 | quarterly | 2014-11-14 |
2014-08-01 | $0.18 | quarterly | 2014-08-15 |
2014-05-01 | $0.18 | quarterly | 2014-05-15 |
2014-01-31 | $0.17 | quarterly | 2014-02-14 |
2013-11-01 | $0.17 | quarterly | 2013-11-15 |
2013-08-01 | $0.17 | quarterly | 2013-08-15 |
2013-05-03 | $0.17 | quarterly | 2013-05-15 |
2013-01-31 | $0.17 | quarterly | 2013-02-15 |
1st Source Dividend per year
1st Source Dividend growth
1st Source Dividend Yield
1st Source current trailing twelve-month (TTM) dividend yield is 2.12%. Interested in purchasing 1st Source stock? Use our calculator to estimate your expected dividend yield:
1st Source Financial Ratios
1st Source Dividend FAQ
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.
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.
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.
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.
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.