Northwest Bancshares, Inc. operates as the holding company for Northwest Bank, a state-chartered savings bank that provides personal and business banking solutions. The company accepts various deposits, including checking, savings, money market deposit, term certificate, and individual retirement accounts. It also offers loan products comprising one-to-four-family residential real estate loans and loans collateralized by multi-family residential and commercial real estate; commercial business loans; and consumer loans, including automobile loans, sales finance loans, unsecured personal loans, credit card loans, and loans secured by deposit accounts. The company also offers investment management and trust services. As of December 31, 2021, it operated 170 community-banking locations in Pennsylvania, Western New York, Eastern Ohio, and Indiana. Northwest Bancshares, Inc. was founded in 1896 and is headquartered in Columbus, Ohio.
Northwest Bancshares Dividend Announcement
• Northwest Bancshares announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-11-18. Ex dividend date: 2024-11-08
• Northwest Bancshares annual dividend for 2024 was $0.80
• Northwest Bancshares annual dividend for 2023 was $0.80
• Northwest Bancshares's trailing twelve-month (TTM) dividend yield is 5.32%
• Northwest Bancshares's payout ratio for the trailing twelve months (TTM) is 105.43%
• Northwest Bancshares's dividend growth over the last five years (2018-2023) was 3.30% year
• Northwest Bancshares's dividend growth over the last ten years (2013-2023) was 4.81% year
Northwest Bancshares Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.20 | quarterly | 2024-11-18 |
2024-08-02 | $0.20 | quarterly | 2024-08-14 |
2024-05-01 | $0.20 | quarterly | 2024-05-15 |
2024-02-01 | $0.20 | quarterly | 2024-02-14 |
2023-11-01 | $0.20 | quarterly | 2023-11-14 |
2023-08-02 | $0.20 | quarterly | 2023-08-14 |
2023-05-03 | $0.20 | quarterly | 2023-05-15 |
2023-02-01 | $0.20 | quarterly | 2023-02-14 |
2022-11-02 | $0.20 | quarterly | 2022-11-14 |
2022-08-03 | $0.20 | quarterly | 2022-08-15 |
2022-05-04 | $0.20 | quarterly | 2022-05-16 |
2022-02-02 | $0.20 | quarterly | 2022-02-14 |
2021-11-04 | $0.20 | quarterly | 2021-11-15 |
2021-08-04 | $0.20 | quarterly | 2021-08-16 |
2021-05-05 | $0.20 | quarterly | 2021-05-17 |
2021-02-03 | $0.19 | quarterly | 2021-02-15 |
2020-11-04 | $0.19 | quarterly | 2020-11-16 |
2020-08-05 | $0.19 | quarterly | 2020-08-14 |
2020-05-06 | $0.19 | quarterly | 2020-05-15 |
2020-02-05 | $0.19 | quarterly | 2020-02-14 |
2019-10-31 | $0.18 | quarterly | 2019-11-15 |
2019-07-31 | $0.18 | quarterly | 2019-08-15 |
2019-05-01 | $0.18 | quarterly | 2019-05-16 |
2019-01-31 | $0.18 | quarterly | 2019-02-14 |
2018-10-31 | $0.17 | quarterly | 2018-11-15 |
2018-08-01 | $0.17 | quarterly | 2018-08-16 |
2018-05-02 | $0.17 | quarterly | 2018-05-17 |
2018-01-31 | $0.17 | quarterly | 2018-02-15 |
2017-11-01 | $0.16 | quarterly | 2017-11-16 |
2017-08-01 | $0.16 | quarterly | 2017-08-17 |
2017-05-02 | $0.16 | quarterly | 2017-05-18 |
2017-01-31 | $0.16 | quarterly | 2017-02-16 |
2016-11-01 | $0.15 | quarterly | 2016-11-17 |
2016-08-02 | $0.15 | quarterly | 2016-08-18 |
2016-04-28 | $0.15 | quarterly | 2016-05-16 |
2016-02-02 | $0.15 | quarterly | 2016-02-18 |
2015-11-03 | $0.14 | quarterly | 2015-11-19 |
2015-07-28 | $0.14 | quarterly | 2015-08-13 |
2015-04-28 | $0.14 | quarterly | 2015-05-14 |
2015-02-03 | $0.14 | quarterly | 2015-02-13 |
2014-10-23 | $0.13 | quarterly | 2014-11-10 |
2014-07-29 | $0.13 | quarterly | 2014-08-14 |
2014-04-29 | $1.13 | quarterly | 2014-05-15 |
2014-01-30 | $0.23 | quarterly | 2014-02-13 |
2013-10-29 | $0.13 | quarterly | 2013-11-14 |
2013-07-30 | $0.13 | quarterly | 2013-08-15 |
2013-04-30 | $0.24 | quarterly | 2013-05-16 |
Northwest Bancshares Dividend per year
Northwest Bancshares Dividend growth
Northwest Bancshares Dividend Yield
Northwest Bancshares current trailing twelve-month (TTM) dividend yield is 5.32%. Interested in purchasing Northwest Bancshares stock? Use our calculator to estimate your expected dividend yield:
Northwest Bancshares Financial Ratios
Northwest Bancshares Dividend FAQ
Other factors to consider when evaluating Northwest Bancshares 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: Northwest Bancshares'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, Northwest Bancshares 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, Northwest Bancshares 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 Northwest Bancshares 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: Northwest Bancshares 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, Northwest Bancshares distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Northwest Bancshares 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 Northwest Bancshares'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 Northwest Bancshares'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.