Bank of Utica, together with its subsidiary, provides commercial banking products and services in Utica, New York. The company offers various deposit accounts, including personal checking, business checking, savings, money market, retirement, and health savings accounts; and certificates of deposit. It also provides loans, such as business lines of credit, commercial mortgages, long-term loans, short-term loans, accounts receivable and inventory financing, and federal and NYS government loan programs; and personal loans comprising personal installment loans, vehicle loans, home mortgages, and home equity loans. In addition, the company offers various services that include real-time account balance, funds transfer and management, remote deposit, bill payment, real-time stop payment, check reconciliation, domestic wire transfer, and re-order checks, as well as ACH processing, including payroll; online and mobile banking services; and online bill payment, mobile and direct deposits, and other services. Further, it provides debit and ATM cards, 24/7 telephone banking, and traditional banking services; and invests in securities. Bank of Utica was founded in 1927 and is based in Utica, New York.
Bank of Utica Dividend Announcement
• Bank of Utica announced a semi annually dividend of $9.25 per ordinary share which will be made payable on 2024-07-09. Ex dividend date: 2024-06-28
• Bank of Utica annual dividend for 2024 was $9.25
• Bank of Utica annual dividend for 2023 was $18.25
• Bank of Utica's trailing twelve-month (TTM) dividend yield is 4.3%
• Bank of Utica's payout ratio for the trailing twelve months (TTM) is 23.85%
• Bank of Utica's dividend growth over the last five years (2018-2023) was 4.42% year
• Bank of Utica's dividend growth over the last ten years (2013-2023) was 5.05% year
Bank of Utica Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-06-28 | $9.25 | semi annually | 2024-07-09 |
2023-12-28 | $9.25 | semi annually | 2024-01-16 |
2023-06-29 | $9.00 | semi annually | 2023-07-11 |
2022-12-29 | $9.00 | semi annually | 2023-01-10 |
2022-06-29 | $8.75 | semi annually | 2022-07-12 |
2021-12-30 | $8.75 | semi annually | 2022-01-11 |
2021-06-29 | $8.25 | semi annually | 2021-07-13 |
2020-12-30 | $8.25 | semi annually | 2021-01-12 |
2020-06-29 | $7.75 | semi annually | 2020-07-14 |
2019-12-30 | $7.75 | semi annually | 2020-01-14 |
2019-06-27 | $7.50 | semi annually | 2019-07-09 |
2018-12-28 | $7.50 | semi annually | 2019-01-08 |
2018-06-28 | $7.20 | semi annually | 2018-07-10 |
2017-12-28 | $7.20 | semi annually | 2018-01-09 |
2017-06-28 | $6.85 | semi annually | 2017-07-11 |
2016-12-28 | $6.85 | semi annually | |
2016-06-28 | $6.40 | semi annually | |
2015-12-29 | $6.40 | semi annually | |
2015-06-26 | $6.10 | semi annually | |
2014-12-29 | $6.10 | semi annually | |
2014-06-26 | $5.80 | semi annually | |
2013-12-27 | $5.80 | semi annually | |
2013-06-26 | $5.35 | semi annually |
Bank of Utica Dividend per year
Bank of Utica Dividend growth
Bank of Utica Dividend Yield
Bank of Utica current trailing twelve-month (TTM) dividend yield is 4.3%. Interested in purchasing Bank of Utica stock? Use our calculator to estimate your expected dividend yield:
Bank of Utica Financial Ratios
Bank of Utica Dividend FAQ
Other factors to consider when evaluating Bank of Utica 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 Utica'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 Utica 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 Utica 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 Utica 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 Utica 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 Utica 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 Utica 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 Utica'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 Utica'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.