Eastern Bankshares, Inc. operates as the bank holding company for Eastern Bank that provides banking products and services primarily to retail, commercial, and small business customers. It operates in two segments, Banking Business and Insurance Agency Business. The company provides interest-bearing and non interest-bearing checking deposits, money market deposits, savings deposits, and time certificates of deposits, as well as debit and credit cards. It also offers commercial and industrial loans, commercial real estate and construction loans, small business loans, residential real estate loans, home equity, and lines of credit, as well as other consumer loans comprising unsecured personal lines of credit, overdraft protection, automobile loans, home improvement loans, airplane loans, and other personal loans. In addition, the company provides cash reserves, cash management, merchant, escrow express, government banking, international banking, interest on lawyers trust accounts, retirement planning, and business telephone banking services, as well as products and services for not-for-profit and healthcare. Further, it offers trust and investment products and services; community development and asset-based lending services; financial planning, portfolio management, wealth management, private banking, and fiduciary products; online, mobile, and telephone banking services; and automated lock box collection and account reconciliation services, as well as various insurance products. As of December 31, 2021, the company operated 105 branch offices in eastern Massachusetts and southern New Hampshire; and 23 non-branch offices in eastern Massachusetts, one office in New Hampshire, and one office in Rhode Island. Eastern Bankshares, Inc. was founded in 1818 and is headquartered in Boston, Massachusetts.
Eastern Bankshares Dividend Announcement
• Eastern Bankshares announced a quarterly dividend of $0.12 per ordinary share which will be made payable on 2024-12-16. Ex dividend date: 2024-12-03
• Eastern Bankshares annual dividend for 2024 was $0.45
• Eastern Bankshares annual dividend for 2023 was $0.41
• Eastern Bankshares's trailing twelve-month (TTM) dividend yield is 2.51%
• Eastern Bankshares's payout ratio for the trailing twelve months (TTM) is 20.21%
Eastern Bankshares Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-12-03 | $0.12 | quarterly | 2024-12-16 |
| 2024-09-03 | $0.11 | quarterly | 2024-09-16 |
| 2024-06-03 | $0.11 | quarterly | 2024-06-14 |
| 2024-02-29 | $0.11 | quarterly | 2024-03-15 |
| 2023-11-30 | $0.11 | quarterly | 2023-12-15 |
| 2023-08-31 | $0.10 | quarterly | 2023-09-15 |
| 2023-06-01 | $0.10 | quarterly | 2023-06-15 |
| 2023-03-02 | $0.10 | quarterly | 2023-03-15 |
| 2022-12-01 | $0.10 | quarterly | 2022-12-15 |
| 2022-09-01 | $0.10 | quarterly | 2022-09-15 |
| 2022-06-02 | $0.10 | quarterly | 2022-06-15 |
| 2022-03-02 | $0.10 | quarterly | 2022-03-15 |
| 2021-12-02 | $0.08 | quarterly | 2021-12-15 |
| 2021-09-02 | $0.08 | quarterly | 2021-09-15 |
| 2021-06-02 | $0.08 | quarterly | 2021-06-15 |
| 2021-03-02 | $0.06 | quarterly | 2021-03-15 |
Eastern Bankshares Dividend per year
Eastern Bankshares Dividend growth
Eastern Bankshares Dividend Yield
Eastern Bankshares current trailing twelve-month (TTM) dividend yield is 2.51%. Interested in purchasing Eastern Bankshares stock? Use our calculator to estimate your expected dividend yield:
Eastern Bankshares Financial Ratios
P/E ratio9.33
PEG ratio0.09
P/B ratio0.96
ROE12.01%
Payout ratio20.21%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00
Eastern Bankshares Dividend FAQ
How much is the next Eastern Bankshares dividend?
Eastern Bankshares's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Eastern Bankshares dividend. The next Eastern Bankshares dividend will be released in March, June, August, or November.
When is Eastern Bankshares dividend paid?
Eastern Bankshares pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, August, and November. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Eastern Bankshares pay?
The specific amount of Eastern Bankshares dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Eastern Bankshares's dividend history.
Does Eastern Bankshares stock pay dividends?
Yes, Eastern Bankshares does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Eastern Bankshares's dividend history.
How much dividend does Eastern Bankshares pay?
Eastern Bankshares paid $0.45 in 2024, $0.41 in 2023, $0.4 in 2022, $0.3 in 2021, and $0.0 in 2020.
How often does Eastern Bankshares pay dividends?
Eastern Bankshares typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, August, and November.
What is Eastern Bankshares's dividend yield?
The current dividend yield for Eastern Bankshares is 2.51%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Eastern Bankshares's exact dividend yield.
When does Eastern Bankshares go ex dividend?
Eastern Bankshares's ex-dividend date for the latest dividend was on 2024-12-03. Eastern Bankshares typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Eastern Bankshares dividend paid?
Eastern Bankshares pays dividends on a quarterly basis, typically around March, June, August, or November, but the exact dates can vary each year.
Will Eastern Bankshares increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Eastern Bankshares will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Eastern Bankshares dividend per share?
Eastern Bankshares paid $0.45 per share in 2024 and $0.41 per share in 2023. The amount of dividend per share that Eastern Bankshares pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Eastern Bankshares a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Eastern Bankshares a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Eastern Bankshares a dividend stock?
Yes, Eastern Bankshares is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Eastern Bankshares a good dividend stock?
Whether Eastern Bankshares is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Eastern Bankshares has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Eastern Bankshares 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.
Other factors to consider when evaluating Eastern Bankshares 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.
Does Eastern Bankshares pay dividends monthly?
Eastern Bankshares typically pays dividends on a quarterly basis.
Does Eastern Bankshares pay dividends quarterly?
Eastern Bankshares currently pays dividends on a quarterly basis.
Has Eastern Bankshares ever paid a dividend?
Yes, Eastern Bankshares has a history of paying dividends to its shareholders. Eastern Bankshares is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Eastern Bankshares dividend stocks?
To buy Eastern Bankshares you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.
Place an order: Use the brokerage's trading platform to place an order to buy Eastern Bankshares 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.
Place an order: Use the brokerage's trading platform to place an order to buy Eastern Bankshares 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.
When does Eastern Bankshares pay dividends 2024?
Eastern Bankshares pays dividends on a quarterly basis. 2024 dividend payments are in 2024-12-16. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Eastern Bankshares increase its dividend in 2024?
Decisions regarding Eastern Bankshares dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Eastern Bankshares dividend overview you can look into the above table of dividend history.
How Eastern Bankshares dividend works?
The Eastern Bankshares dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Eastern Bankshares's dividend process works:
1. Determination of Dividend: Eastern Bankshares'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, Eastern Bankshares 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, Eastern Bankshares 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 Eastern Bankshares 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. Determination of Dividend: Eastern Bankshares'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, Eastern Bankshares 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, Eastern Bankshares 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 Eastern Bankshares 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.
How are Eastern Bankshares dividends paid?
Eastern Bankshares dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Eastern Bankshares 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, Eastern Bankshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Eastern Bankshares 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.
1. Record Date: Eastern Bankshares 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, Eastern Bankshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Eastern Bankshares 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.
How many times does Eastern Bankshares pay dividends?
Eastern Bankshares typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Eastern Bankshares pay dividends?
The general pattern is that Eastern Bankshares pays dividends around March, June, August, and November. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Eastern Bankshares dividend safe?
The safety of Eastern Bankshares's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.
To assess the safety of Eastern Bankshares'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 Eastern Bankshares'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.
To assess the safety of Eastern Bankshares'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 Eastern Bankshares'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.