First Internet Bancorp operates as the bank holding company for First Internet Bank of Indiana that provides commercial and retail banking products and services to individuals and commercial customers in the United States. The company accepts non-interest bearing and interest-bearing demand deposit, savings, money market, and brokered deposit accounts, as well as certificates of deposit. It also offers commercial and industrial, owner-occupied and investor commercial real estate, construction, residential mortgage, home equity and improvement, small installment, term, and other consumer loans, as well as single tenant lease financing, and public and healthcare finance; franchise finance; and small business lending. In addition, the company is involved in the purchase, manage, service, and safekeeping of municipal securities; and provision of municipal finance lending and leasing products to government entities. In addition, it offers corporate credit card and treasury management services. The company provides its services through its firstib.com Website. First Internet Bancorp was founded in 1999 and is headquartered in Fishers, Indiana.
First Internet Bancorp Dividend Announcement
• First Internet Bancorp announced a quarterly dividend of $0.06 per ordinary share which will be made payable on 2024-10-15. Ex dividend date: 2024-09-30
• First Internet Bancorp annual dividend for 2024 was $0.18
• First Internet Bancorp annual dividend for 2023 was $0.24
• First Internet Bancorp's trailing twelve-month (TTM) dividend yield is 0.57%
• First Internet Bancorp's payout ratio for the trailing twelve months (TTM) is 9.57%
First Internet Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-09-30 | $0.06 | quarterly | 2024-10-15 |
2024-06-28 | $0.06 | quarterly | 2024-07-15 |
2024-03-27 | $0.06 | quarterly | 2024-04-15 |
2023-12-28 | $0.06 | quarterly | 2024-01-16 |
2023-09-28 | $0.06 | quarterly | 2023-10-16 |
2023-06-29 | $0.06 | quarterly | 2023-07-17 |
2023-03-30 | $0.06 | quarterly | 2023-04-17 |
2022-12-29 | $0.06 | quarterly | 2023-01-17 |
2022-09-29 | $0.06 | quarterly | 2022-10-17 |
2022-06-30 | $0.06 | quarterly | 2022-07-15 |
2022-03-30 | $0.06 | quarterly | 2022-04-18 |
2021-12-30 | $0.06 | quarterly | 2022-01-18 |
2021-09-29 | $0.06 | quarterly | 2021-10-15 |
2021-06-30 | $0.06 | quarterly | 2021-07-15 |
2021-03-30 | $0.06 | quarterly | 2021-04-15 |
2020-12-30 | $0.06 | quarterly | 2021-01-15 |
2020-09-30 | $0.06 | quarterly | 2020-10-15 |
2020-06-29 | $0.06 | quarterly | 2020-07-15 |
2020-03-30 | $0.06 | quarterly | 2020-04-15 |
2019-12-30 | $0.06 | quarterly | 2020-01-15 |
2019-09-27 | $0.06 | quarterly | 2019-10-15 |
2019-06-27 | $0.06 | quarterly | 2019-07-15 |
2019-03-28 | $0.06 | quarterly | 2019-04-15 |
2018-12-28 | $0.06 | quarterly | 2019-01-15 |
2018-09-27 | $0.06 | quarterly | 2018-10-15 |
2018-06-28 | $0.06 | quarterly | 2018-07-16 |
2018-03-28 | $0.06 | quarterly | 2018-04-16 |
2017-12-28 | $0.06 | quarterly | 2018-01-16 |
2017-09-28 | $0.06 | quarterly | 2017-10-16 |
2017-06-28 | $0.06 | quarterly | 2017-07-17 |
2017-03-29 | $0.06 | quarterly | 2017-04-17 |
2016-12-28 | $0.06 | quarterly | 2017-01-17 |
2016-09-28 | $0.06 | quarterly | 2016-10-17 |
2016-06-28 | $0.06 | quarterly | 2016-07-15 |
2016-03-29 | $0.06 | quarterly | 2016-04-15 |
2015-12-29 | $0.06 | quarterly | 2016-01-15 |
2015-09-28 | $0.06 | quarterly | 2015-10-15 |
2015-06-26 | $0.06 | quarterly | 2015-07-15 |
2015-03-27 | $0.06 | quarterly | 2015-04-15 |
2014-12-29 | $0.06 | quarterly | 2015-01-15 |
2014-09-26 | $0.06 | quarterly | 2014-10-15 |
2014-06-26 | $0.06 | quarterly | 2014-07-15 |
2014-03-27 | $0.06 | quarterly | 2014-04-15 |
2013-12-27 | $0.06 | quarterly | 2014-01-15 |
2013-10-03 | $0.06 | quarterly | 2013-10-15 |
2013-06-27 | $0.06 | quarterly | 2013-07-15 |
2013-03-27 | $0.06 | quarterly | 2013-04-15 |
First Internet Bancorp Dividend per year
First Internet Bancorp Dividend growth
First Internet Bancorp Dividend Yield
First Internet Bancorp current trailing twelve-month (TTM) dividend yield is 0.57%. Interested in purchasing First Internet Bancorp stock? Use our calculator to estimate your expected dividend yield:
First Internet Bancorp Financial Ratios
First Internet Bancorp Dividend FAQ
Other factors to consider when evaluating First Internet 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: First Internet 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, First Internet 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, First Internet 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 First Internet 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: First Internet 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, First Internet 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: First Internet 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 First Internet 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 First Internet 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.