The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. It accepts retail and corporate checking, savings, term, and interest bearing and non-interest bearing deposits, as well as certificate of deposits. The company's lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans. It also offers investment products and services; and cash and liquidity management, foreign exchange, custody administration, and settlement services. In addition, the company provides personal and property/auto insurance products; letters of credit; and cash management, payroll, remote banking, money market, advisory, brokerage, trust, estate, company management, and fiduciary services. Further, it offers debit cards; automated teller machines; and personal and business deposit, merchant acquiring, and mobile and internet banking services. The company operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Switzerland, Singapore, Mauritius, and Canada. It also operates through 3 branches in Bermuda and 4 branches in the Cayman Islands. The Bank of N.T. Butterfield & Son Limited was founded in 1858 and is headquartered in Hamilton, Bermuda.
Bank of N.T. Butterfield & Son Dividend Announcement
• Bank of N.T. Butterfield & Son announced a quarterly dividend of $0.00 per ordinary share which will be made payable on 2024-11-19. Ex dividend date: 2024-11-05
• Bank of N.T. Butterfield & Son annual dividend for 2024 was $1.32
• Bank of N.T. Butterfield & Son annual dividend for 2023 was $1.76
• Bank of N.T. Butterfield & Son's trailing twelve-month (TTM) dividend yield is 4.78%
• Bank of N.T. Butterfield & Son's payout ratio for the trailing twelve months (TTM) is 38.66%
• Bank of N.T. Butterfield & Son's dividend growth over the last five years (2018-2023) was 2.98% year
Bank of N.T. Butterfield & Son Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-05 | $0.00 | quarterly | 2024-11-19 |
2024-08-05 | $0.44 | quarterly | 2024-08-19 |
2024-05-06 | $0.44 | quarterly | 2024-05-21 |
2024-02-23 | $0.44 | quarterly | 2024-03-11 |
2023-11-07 | $0.44 | quarterly | 2023-11-22 |
2023-08-11 | $0.44 | quarterly | 2023-08-28 |
2023-05-05 | $0.44 | quarterly | 2023-05-22 |
2023-02-24 | $0.44 | quarterly | 2023-03-14 |
2022-11-10 | $0.44 | quarterly | 2022-11-28 |
2022-08-05 | $0.44 | quarterly | 2022-08-22 |
2022-05-13 | $0.44 | quarterly | 2022-05-31 |
2022-02-25 | $0.44 | quarterly | 2022-03-14 |
2021-11-09 | $0.44 | quarterly | 2021-11-24 |
2021-08-09 | $0.44 | quarterly | 2021-08-24 |
2021-05-11 | $0.44 | quarterly | 2021-05-26 |
2021-02-23 | $0.44 | quarterly | 2021-03-10 |
2020-11-10 | $0.44 | quarterly | 2020-11-30 |
2020-08-04 | $0.44 | quarterly | 2020-08-19 |
2020-05-13 | $0.44 | quarterly | 2020-05-28 |
2020-02-25 | $0.44 | quarterly | 2020-03-11 |
2019-11-01 | $0.44 | quarterly | 2019-11-15 |
2019-08-02 | $0.44 | quarterly | 2019-08-16 |
2018-11-02 | $0.38 | quarterly | 2018-11-16 |
2018-08-03 | $0.38 | quarterly | 2018-08-17 |
2018-05-03 | $0.38 | quarterly | 2018-05-15 |
2018-02-23 | $0.38 | quarterly | 2018-03-09 |
2017-11-10 | $0.32 | quarterly | 2017-11-27 |
2017-08-10 | $0.32 | quarterly | 2017-08-28 |
2017-05-11 | $0.32 | quarterly | 2017-05-30 |
2017-03-09 | $0.32 | quarterly | 2017-03-27 |
2016-11-09 | $0.10 | quarterly | 2016-11-28 |
Bank of N.T. Butterfield & Son Dividend per year
Bank of N.T. Butterfield & Son Dividend growth
Bank of N.T. Butterfield & Son Dividend Yield
Bank of N.T. Butterfield & Son current trailing twelve-month (TTM) dividend yield is 4.78%. Interested in purchasing Bank of N.T. Butterfield & Son stock? Use our calculator to estimate your expected dividend yield:
Bank of N.T. Butterfield & Son Financial Ratios
Bank of N.T. Butterfield & Son Dividend FAQ
Other factors to consider when evaluating Bank of N.T. Butterfield & Son 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.
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1. Determination of Dividend: Bank of N.T. Butterfield & Son'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, Bank of N.T. Butterfield & Son 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, Bank of N.T. Butterfield & Son 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 Bank of N.T. Butterfield & Son 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: Bank of N.T. Butterfield & Son 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, Bank of N.T. Butterfield & Son distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bank of N.T. Butterfield & Son 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 Bank of N.T. Butterfield & Son'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 Bank of N.T. Butterfield & Son'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.