Bank7 Corp. operates as a bank holding company for Bank7 that provides banking and financial services to individual and corporate customers. It offers commercial deposit services, including commercial checking, money market, and other deposit accounts; and retail deposit services, such as certificates of deposit, money market accounts, checking accounts, negotiable order of withdrawal accounts, savings accounts, and automated teller machine access. The company also provides commercial real estate, hospitality, energy, and commercial and industrial lending services; consumer lending services to individuals for personal and household purposes comprising secured and unsecured term loans, and home improvement loans. As of March 8, 2022, it operated through a network of twelve full-service branches in Oklahoma, the Dallas/Fort Worth, Texas metropolitan area, and Kansas. The company was formerly known as Haines Financial Corp.Bank7 Corp. was founded in 1901 and is headquartered in Oklahoma City, Oklahoma.
Bank7 Dividend Announcement
• Bank7 announced a quarterly dividend of $0.24 per ordinary share which will be made payable on 2025-01-08. Ex dividend date: 2024-12-20
• Bank7 annual dividend for 2024 was $0.90
• Bank7 annual dividend for 2023 was $0.74
• Bank7's trailing twelve-month (TTM) dividend yield is 1.9%
• Bank7's payout ratio for the trailing twelve months (TTM) is 21.73%
Bank7 Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-20 | $0.24 | quarterly | 2025-01-08 |
2024-09-26 | $0.24 | quarterly | 2024-10-09 |
2024-06-20 | $0.21 | quarterly | 2024-07-09 |
2024-03-20 | $0.21 | quarterly | 2024-04-04 |
2023-12-21 | $0.21 | quarterly | 2024-01-04 |
2023-09-25 | $0.21 | quarterly | 2023-10-10 |
2023-06-21 | $0.16 | quarterly | 2023-07-07 |
2023-03-21 | $0.16 | quarterly | 2023-04-07 |
2022-12-22 | $0.16 | quarterly | 2023-01-05 |
2022-09-21 | $0.12 | quarterly | 2022-10-07 |
2022-06-21 | $0.12 | quarterly | 2022-07-07 |
2022-03-22 | $0.12 | quarterly | 2022-04-07 |
2021-12-22 | $0.12 | quarterly | 2022-01-07 |
2021-09-22 | $0.11 | quarterly | 2021-10-07 |
2021-06-22 | $0.11 | quarterly | 2021-07-08 |
2021-03-22 | $0.11 | quarterly | 2021-04-08 |
2020-12-21 | $0.11 | quarterly | 2021-01-07 |
2020-09-29 | $0.10 | quarterly | 2020-10-14 |
2020-06-24 | $0.10 | quarterly | 2020-07-09 |
2020-03-30 | $0.10 | quarterly | 2020-04-14 |
2019-12-27 | $0.40 | quarterly | 2020-01-13 |
2019-09-30 | $0.10 | quarterly | 2019-10-16 |
Bank7 Dividend per year
Bank7 Dividend growth
Bank7 Dividend Yield
Bank7 current trailing twelve-month (TTM) dividend yield is 1.9%. Interested in purchasing Bank7 stock? Use our calculator to estimate your expected dividend yield:
Bank7 Financial Ratios
Bank7 Dividend FAQ
Other factors to consider when evaluating Bank7 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: Bank7'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, Bank7 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, Bank7 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 Bank7 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: Bank7 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, Bank7 distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Bank7 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 Bank7'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 Bank7'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.