Berkshire Hills Bancorp, Inc. operates as the bank holding company for Berkshire Bank that provides various banking products and services. It offers various deposit accounts, including demand deposit, NOW, regular savings, money market savings, time certificates of deposit, and retirement deposit accounts; and loans, such as commercial real estate, commercial and industrial, consumer, and residential mortgage loans. The company also provides wealth management services comprising investment management, trust administration, and financial planning; and investment products, financial planning, and brokerage services. In addition, it offers electronic banking, commercial cash management, online banking, small business banking, asset based lending, and mobile banking services; and debit cards and other electronic fee producing payment services to transaction account customers. The company serves personal, commercial, non-profit, and municipal deposit customers. As of March 14, 2022, it operated 106 full-service branches in Massachusetts, New York, Connecticut, and Vermont. The company also has commercial banking offices in Providence, Rhode Island and New Haven, Connecticut. Berkshire Hills Bancorp, Inc. was founded in 1846 and is headquartered in Boston, Massachusetts.
Berkshire Hills Bancorp Dividend Announcement
• Berkshire Hills Bancorp announced a quarterly dividend of $0.18 per ordinary share which will be made payable on 2024-11-27. Ex dividend date: 2024-11-14
• Berkshire Hills Bancorp annual dividend for 2024 was $0.72
• Berkshire Hills Bancorp annual dividend for 2023 was $0.72
• Berkshire Hills Bancorp's trailing twelve-month (TTM) dividend yield is 2.4%
• Berkshire Hills Bancorp's payout ratio for the trailing twelve months (TTM) is 98.10%
• Berkshire Hills Bancorp's dividend growth over the last five years (2018-2023) was -3.93% year
Berkshire Hills Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | $0.18 | quarterly | 2024-11-27 |
2024-09-30 | $0.18 | quarterly | 2024-10-10 |
2024-06-20 | $0.18 | quarterly | 2024-06-28 |
2024-03-20 | $0.18 | quarterly | 2024-04-04 |
2023-11-15 | $0.18 | quarterly | 2023-11-30 |
2023-08-16 | $0.18 | quarterly | 2023-08-31 |
2023-05-17 | $0.18 | quarterly | 2023-06-01 |
2023-02-15 | $0.18 | quarterly | 2023-03-02 |
2022-11-16 | $0.18 | quarterly | 2022-12-01 |
2022-08-10 | $0.12 | quarterly | 2022-08-25 |
2022-05-11 | $0.12 | quarterly | 2022-05-26 |
2022-02-09 | $0.12 | quarterly | 2022-02-24 |
2021-11-09 | $0.12 | quarterly | 2021-11-24 |
2021-08-25 | $0.12 | quarterly | 2021-09-09 |
2021-06-28 | $0.12 | quarterly | 2021-07-08 |
2021-03-22 | $0.12 | quarterly | 2021-03-30 |
2020-12-16 | $0.12 | quarterly | 2020-12-29 |
2020-09-21 | $0.12 | quarterly | 2020-09-30 |
2020-06-26 | $0.24 | quarterly | 2020-07-06 |
2020-02-13 | $0.24 | quarterly | 2020-02-28 |
2019-11-13 | $0.23 | quarterly | 2019-11-27 |
2019-08-07 | $0.23 | quarterly | 2019-08-22 |
2019-05-08 | $0.23 | quarterly | 2019-05-23 |
2019-02-13 | $0.23 | quarterly | 2019-02-28 |
2018-11-07 | $0.22 | quarterly | 2018-11-21 |
2018-08-08 | $0.22 | quarterly | 2018-08-23 |
2018-05-09 | $0.22 | quarterly | 2018-05-24 |
2018-02-14 | $0.22 | quarterly | 2018-03-01 |
2017-11-08 | $0.21 | quarterly | 2017-11-22 |
2017-08-08 | $0.21 | quarterly | 2017-08-24 |
2017-05-09 | $0.21 | quarterly | 2017-05-25 |
2017-02-14 | $0.21 | quarterly | 2017-03-02 |
2016-11-08 | $0.20 | quarterly | 2016-11-23 |
2016-08-02 | $0.20 | quarterly | 2016-08-18 |
2016-05-10 | $0.20 | quarterly | 2016-05-26 |
2016-02-09 | $0.20 | quarterly | 2016-02-25 |
2015-11-09 | $0.19 | quarterly | 2015-11-25 |
2015-08-04 | $0.19 | quarterly | 2015-08-20 |
2015-05-12 | $0.19 | quarterly | 2015-05-28 |
2015-02-10 | $0.19 | quarterly | 2015-02-26 |
2014-11-10 | $0.18 | quarterly | 2014-11-26 |
2014-08-05 | $0.18 | quarterly | 2014-08-21 |
2014-05-13 | $0.18 | quarterly | 2014-05-29 |
2014-02-11 | $0.18 | quarterly | 2014-02-27 |
2013-11-12 | $0.18 | quarterly | 2013-11-27 |
2013-08-06 | $0.18 | quarterly | 2013-08-22 |
2013-05-14 | $0.18 | quarterly | 2013-05-30 |
2013-02-12 | $0.18 | quarterly | 2013-02-28 |
Berkshire Hills Bancorp Dividend per year
Berkshire Hills Bancorp Dividend growth
Berkshire Hills Bancorp Dividend Yield
Berkshire Hills Bancorp current trailing twelve-month (TTM) dividend yield is 2.4%. Interested in purchasing Berkshire Hills Bancorp stock? Use our calculator to estimate your expected dividend yield:
Berkshire Hills Bancorp Financial Ratios
Berkshire Hills Bancorp Dividend FAQ
Other factors to consider when evaluating Berkshire Hills Bancorp 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: Berkshire Hills Bancorp'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, Berkshire Hills Bancorp 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, Berkshire Hills Bancorp 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 Berkshire Hills Bancorp 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: Berkshire Hills Bancorp 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, Berkshire Hills Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Berkshire Hills Bancorp 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 Berkshire Hills Bancorp'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 Berkshire Hills Bancorp'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.