Sandy Spring Bancorp, Inc. operates as the bank holding company for Sandy Spring Bank that provides commercial and retail banking, mortgage, private banking, and trust services to individuals and businesses. It operates through three segments: Community Banking, Insurance, and Investment Management. The Community Banking segment offers financial products and services, including various loan and deposit products. Its loan products include commercial real estate loans, commercial construction loans, and other commercial loans; residential real estate loans; and consumer loans comprising home equity loans and lines, installment loans, and personal lines of credit. The Insurance segment provides general insurance agency services and annuities, such as commercial, personal, and medical liability lines. The Investment Management segment offers investment management and financial planning, including cash flow analysis, investment review, tax and retirement planning, insurance analysis, and estate planning to individuals, families, small businesses, and associations. It also provides personal trust and wealth management services. The company operates a network of approximately 50 locations in Maryland, Northern Virginia, and Washington D.C. Sandy Spring Bancorp, Inc. was founded in 1868 and is headquartered in Olney, Maryland.
Sandy Spring Bancorp Dividend Announcement
• Sandy Spring Bancorp announced a quarterly dividend of $0.34 per ordinary share which will be made payable on 2024-11-21. Ex dividend date: 2024-11-14
• Sandy Spring Bancorp annual dividend for 2024 was $1.36
• Sandy Spring Bancorp annual dividend for 2023 was $1.36
• Sandy Spring Bancorp's trailing twelve-month (TTM) dividend yield is 3.51%
• Sandy Spring Bancorp's payout ratio for the trailing twelve months (TTM) is 72.04%
• Sandy Spring Bancorp's dividend growth over the last five years (2018-2023) was 4.33% year
• Sandy Spring Bancorp's dividend growth over the last ten years (2013-2023) was 7.83% year
Sandy Spring Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-14 | $0.34 | quarterly | 2024-11-21 |
2024-08-14 | $0.34 | quarterly | 2024-08-21 |
2024-05-07 | $0.34 | quarterly | 2024-05-15 |
2024-02-13 | $0.34 | quarterly | 2024-02-21 |
2023-11-07 | $0.34 | quarterly | 2023-11-15 |
2023-08-08 | $0.34 | quarterly | 2023-08-16 |
2023-05-09 | $0.34 | quarterly | 2023-05-17 |
2023-02-07 | $0.34 | quarterly | 2023-02-15 |
2022-11-08 | $0.34 | quarterly | 2022-11-16 |
2022-08-09 | $0.34 | quarterly | 2022-08-17 |
2022-05-10 | $0.34 | quarterly | 2022-05-18 |
2022-02-17 | $0.34 | quarterly | 2022-02-28 |
2021-11-09 | $0.32 | quarterly | 2021-11-17 |
2021-08-10 | $0.32 | quarterly | 2021-08-18 |
2021-05-11 | $0.32 | quarterly | 2021-05-19 |
2021-02-16 | $0.32 | quarterly | 2021-02-24 |
2020-11-09 | $0.30 | quarterly | 2020-11-18 |
2020-08-11 | $0.30 | quarterly | 2020-08-19 |
2020-05-12 | $0.30 | quarterly | 2020-05-20 |
2020-02-11 | $0.30 | quarterly | 2020-02-19 |
2019-11-12 | $0.30 | quarterly | 2019-11-20 |
2019-08-13 | $0.30 | quarterly | 2019-08-21 |
2019-05-07 | $0.30 | quarterly | 2019-05-15 |
2019-02-12 | $0.28 | quarterly | 2019-02-20 |
2018-11-13 | $0.28 | quarterly | 2018-11-21 |
2018-08-07 | $0.28 | quarterly | 2018-08-15 |
2018-05-08 | $0.28 | quarterly | 2018-05-16 |
2018-02-13 | $0.26 | quarterly | 2018-02-21 |
2017-11-07 | $0.26 | quarterly | 2017-11-15 |
2017-08-07 | $0.26 | quarterly | 2017-08-16 |
2017-05-08 | $0.26 | quarterly | 2017-05-17 |
2017-02-07 | $0.26 | quarterly | 2017-02-15 |
2016-11-07 | $0.26 | quarterly | 2016-11-16 |
2016-08-08 | $0.24 | quarterly | 2016-08-17 |
2016-05-09 | $0.24 | quarterly | 2016-05-18 |
2016-02-08 | $0.24 | quarterly | 2016-02-17 |
2015-11-06 | $0.24 | quarterly | 2015-11-18 |
2015-08-10 | $0.22 | quarterly | 2015-08-19 |
2015-05-11 | $0.22 | quarterly | 2015-05-20 |
2015-02-09 | $0.22 | quarterly | 2015-02-18 |
2014-11-07 | $0.20 | quarterly | 2014-11-19 |
2014-08-11 | $0.20 | quarterly | 2014-08-20 |
2014-05-12 | $0.18 | quarterly | 2014-05-21 |
2014-02-10 | $0.18 | quarterly | 2014-02-19 |
2013-11-08 | $0.18 | quarterly | 2013-11-20 |
2013-08-12 | $0.16 | quarterly | 2013-08-21 |
2013-05-06 | $0.16 | quarterly | 2013-05-15 |
2013-02-11 | $0.14 | quarterly | 2013-02-20 |
Sandy Spring Bancorp Dividend per year
Sandy Spring Bancorp Dividend growth
Sandy Spring Bancorp Dividend Yield
Sandy Spring Bancorp current trailing twelve-month (TTM) dividend yield is 3.51%. Interested in purchasing Sandy Spring Bancorp stock? Use our calculator to estimate your expected dividend yield:
Sandy Spring Bancorp Financial Ratios
Sandy Spring Bancorp Dividend FAQ
Other factors to consider when evaluating Sandy Spring 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: Sandy Spring 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, Sandy Spring 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, Sandy Spring 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 Sandy Spring 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: Sandy Spring 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, Sandy Spring 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: Sandy Spring 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 Sandy Spring 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 Sandy Spring 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.