Horizon Bancorp, Inc. operates as the bank holding company for Horizon Bank that provides a range of commercial and retail banking services. The company offers various deposits. It also provides commercial, residential real estate, mortgage warehouse, and consumer loans. In addition, the company offers corporate and individual trust and agency, investment management, and real estate investment trust services; and sells various insurance products. It operates through a network of 78 full-service offices in northern and central Indiana and southern and central Michigan. Horizon Bancorp, Inc. was founded in 1873 and is headquartered in Michigan City, Indiana.
Horizon Bancorp Dividend Announcement
• Horizon Bancorp announced a quarterly dividend of $0.16 per ordinary share which will be made payable on 2024-10-18. Ex dividend date: 2024-10-04
• Horizon Bancorp annual dividend for 2024 was $0.64
• Horizon Bancorp annual dividend for 2023 was $0.64
• Horizon Bancorp's trailing twelve-month (TTM) dividend yield is 3.45%
• Horizon Bancorp's payout ratio for the trailing twelve months (TTM) is 134.32%
• Horizon Bancorp's dividend growth over the last five years (2018-2023) was 5.92% year
• Horizon Bancorp's dividend growth over the last ten years (2013-2023) was 4.30% year
Horizon Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-04 | $0.16 | quarterly | 2024-10-18 |
2024-07-05 | $0.16 | quarterly | 2024-07-19 |
2024-04-04 | $0.16 | quarterly | 2024-04-19 |
2024-01-04 | $0.16 | quarterly | 2024-01-19 |
2023-10-05 | $0.16 | quarterly | 2023-10-20 |
2023-07-06 | $0.16 | quarterly | 2023-07-21 |
2023-04-05 | $0.16 | quarterly | 2023-04-21 |
2023-01-05 | $0.16 | quarterly | 2023-01-20 |
2022-10-06 | $0.16 | quarterly | 2022-10-21 |
2022-07-07 | $0.16 | quarterly | 2022-07-22 |
2022-04-07 | $0.15 | quarterly | 2022-04-22 |
2022-01-06 | $0.15 | quarterly | 2022-01-21 |
2021-10-07 | $0.15 | quarterly | 2021-10-22 |
2021-07-01 | $0.13 | quarterly | 2021-07-16 |
2021-03-31 | $0.13 | quarterly | 2021-04-16 |
2021-01-07 | $0.12 | quarterly | 2021-01-22 |
2020-10-01 | $0.12 | quarterly | 2020-10-16 |
2020-07-01 | $0.12 | quarterly | 2020-07-17 |
2020-04-02 | $0.12 | quarterly | 2020-04-17 |
2020-01-02 | $0.12 | quarterly | 2020-01-17 |
2019-10-03 | $0.12 | quarterly | 2019-10-18 |
2019-07-03 | $0.12 | quarterly | 2019-07-19 |
2019-04-04 | $0.10 | quarterly | 2019-04-19 |
2019-01-03 | $0.10 | quarterly | 2019-01-18 |
2018-10-04 | $0.10 | quarterly | 2018-10-19 |
2018-07-05 | $0.10 | quarterly | 2018-07-20 |
2018-04-05 | $0.15 | quarterly | 2018-04-20 |
2018-01-04 | $0.13 | quarterly | 2018-01-19 |
2017-10-05 | $0.13 | quarterly | 2017-10-20 |
2017-07-05 | $0.13 | quarterly | 2017-07-21 |
2017-04-05 | $0.11 | quarterly | 2017-04-21 |
2017-01-04 | $0.11 | quarterly | 2017-01-20 |
2016-10-05 | $0.15 | quarterly | 2016-10-21 |
2016-07-06 | $0.15 | quarterly | 2016-07-22 |
2016-04-06 | $0.15 | quarterly | 2016-04-22 |
2016-01-06 | $0.15 | quarterly | 2016-01-22 |
2015-09-30 | $0.15 | quarterly | 2015-10-16 |
2015-06-24 | $0.14 | quarterly | 2015-07-10 |
2015-03-31 | $0.14 | quarterly | 2015-04-17 |
2014-12-30 | $0.14 | quarterly | 2015-01-16 |
2014-10-01 | $0.13 | quarterly | 2014-10-17 |
2014-07-01 | $0.13 | quarterly | 2014-07-18 |
2014-04-02 | $0.11 | quarterly | 2014-04-18 |
2013-12-31 | $0.11 | quarterly | 2014-01-17 |
2013-09-25 | $0.11 | quarterly | 2013-10-11 |
2013-06-26 | $0.10 | quarterly | 2013-07-12 |
2013-04-03 | $0.10 | quarterly | 2013-04-19 |
Horizon Bancorp Dividend per year
Horizon Bancorp Dividend growth
Horizon Bancorp Dividend Yield
Horizon Bancorp current trailing twelve-month (TTM) dividend yield is 3.45%. Interested in purchasing Horizon Bancorp stock? Use our calculator to estimate your expected dividend yield:
Horizon Bancorp Financial Ratios
Horizon Bancorp Dividend FAQ
Other factors to consider when evaluating Horizon 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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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.
1. Determination of Dividend: Horizon 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, Horizon 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, Horizon 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 Horizon 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: Horizon 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, Horizon 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: Horizon 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 Horizon 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 Horizon 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.