Shore Bancshares, Inc. operates as a bank holding company for the Shore United Bank that provides various commercial and consumer banking products and services to individuals, businesses, and other organizations. It offers checking, savings, overnight investment sweep, and money market accounts; and regular and IRA certificates of deposit, as well as CDARS programs and cash management services. The company also provides commercial loans, such as secured and unsecured loans, working capital loans, lines of credit, term loans, accounts receivable financing, real estate acquisition and development loans, construction loans, and letters of credit; residential real estate construction loans; residential mortgage loans; and loans to consumers, including home equity, automobile, installment, home improvement, and personal lines of credit, as well as other consumer financing products. In addition, it offers non-deposit products, such as mutual funds and annuities, and discount brokerage services; and trust, asset management, and financial planning services. Further, the company provides merchant credit card clearing, as well as telephone, mobile, and Internet banking services; safe deposit boxes; debit and credit cards; direct deposit of payroll; and automatic teller machine (ATM) services. It operates 29 full service branches, 30 ATMs, and 5 loan production offices in Baltimore City, Baltimore County, Howard County, Kent County, Queen Anne's County, Caroline County, Talbot County, Dorchester County, Anne Arundel County, and Worcester County in Maryland; Kent County, Delaware; and Accomack County, Virginia. The company was founded in 1876 and is headquartered in Easton, Maryland.
Shore Bancshares Dividend Announcement
• Shore Bancshares announced a quarterly dividend of $0.12 per ordinary share which will be made payable on 2024-11-29. Ex dividend date: 2024-11-12
• Shore Bancshares annual dividend for 2024 was $0.48
• Shore Bancshares annual dividend for 2023 was $0.48
• Shore Bancshares's trailing twelve-month (TTM) dividend yield is 2.89%
• Shore Bancshares's payout ratio for the trailing twelve months (TTM) is 38.92%
• Shore Bancshares's dividend growth over the last five years (2018-2023) was 8.45% year
Shore Bancshares Dividend History
| Ex-Div date | Dividend amount | Dividend type | Pay date |
|---|---|---|---|
| 2024-11-12 | $0.12 | quarterly | 2024-11-29 |
| 2024-08-12 | $0.12 | quarterly | 2024-08-30 |
| 2024-05-15 | $0.12 | quarterly | 2024-05-31 |
| 2024-02-09 | $0.12 | quarterly | 2024-02-29 |
| 2023-11-16 | $0.12 | quarterly | 2023-11-30 |
| 2023-08-03 | $0.12 | quarterly | 2023-08-31 |
| 2023-05-11 | $0.12 | quarterly | 2023-05-31 |
| 2023-02-16 | $0.12 | quarterly | 2023-02-28 |
| 2022-11-09 | $0.12 | quarterly | 2022-11-30 |
| 2022-08-11 | $0.12 | quarterly | 2022-08-31 |
| 2022-05-12 | $0.12 | quarterly | 2022-05-31 |
| 2022-02-23 | $0.12 | quarterly | 2022-03-07 |
| 2021-11-10 | $0.12 | quarterly | 2021-11-30 |
| 2021-08-12 | $0.12 | quarterly | 2021-08-31 |
| 2021-05-13 | $0.12 | quarterly | 2021-06-01 |
| 2021-02-11 | $0.12 | quarterly | 2021-03-01 |
| 2020-11-12 | $0.12 | quarterly | 2020-11-30 |
| 2020-08-13 | $0.12 | quarterly | 2020-08-31 |
| 2020-05-14 | $0.12 | quarterly | 2020-05-29 |
| 2020-02-19 | $0.12 | quarterly | 2020-03-04 |
| 2019-11-14 | $0.12 | quarterly | 2019-11-29 |
| 2019-08-15 | $0.10 | quarterly | 2019-08-30 |
| 2019-05-16 | $0.10 | quarterly | 2019-05-31 |
| 2019-02-14 | $0.10 | quarterly | 2019-02-28 |
| 2018-11-15 | $0.09 | quarterly | 2018-11-30 |
| 2018-08-14 | $0.08 | quarterly | 2018-08-31 |
| 2018-05-14 | $0.08 | quarterly | 2018-05-31 |
| 2018-02-14 | $0.07 | quarterly | 2018-02-28 |
| 2017-11-14 | $0.07 | quarterly | 2017-11-30 |
| 2017-08-10 | $0.05 | quarterly | 2017-08-31 |
| 2017-05-11 | $0.05 | quarterly | 2017-05-31 |
| 2017-02-15 | $0.05 | quarterly | 2017-02-28 |
| 2016-11-09 | $0.05 | quarterly | 2016-11-30 |
| 2016-08-11 | $0.03 | quarterly | 2016-08-31 |
| 2016-05-12 | $0.03 | quarterly | 2016-05-31 |
| 2016-02-10 | $0.03 | quarterly | 2016-02-29 |
| 2015-11-12 | $0.02 | quarterly | 2015-11-30 |
| 2015-08-13 | $0.02 | quarterly | 2015-08-31 |
| 2012-02-09 | $0.01 | quarterly | 2012-02-29 |
| 2011-11-09 | $0.01 | quarterly | 2011-11-30 |
| 2011-08-11 | $0.01 | quarterly | 2011-08-31 |
| 2011-05-17 | $0.01 | quarterly | 2011-05-31 |
| 2011-02-15 | $0.06 | quarterly | 2011-02-28 |
Shore Bancshares Dividend per year
Shore Bancshares Dividend growth
Shore Bancshares Dividend Yield
Shore Bancshares current trailing twelve-month (TTM) dividend yield is 2.89%. Interested in purchasing Shore Bancshares stock? Use our calculator to estimate your expected dividend yield:
Shore Bancshares Financial Ratios
P/E ratio13.48
PEG ratio1.19
P/B ratio1.04
ROE7.89%
Payout ratio38.92%
Current ratio0.22
Quick ratio0.22
Cash Ratio0.00
Shore Bancshares Dividend FAQ
How much is the next Shore Bancshares dividend?
Shore Bancshares's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Shore Bancshares dividend. The next Shore Bancshares dividend will be released in February, May, August, or November.
When is Shore Bancshares dividend paid?
Shore Bancshares pays dividends on a quarterly basis. The specific dates may vary each year but are generally around February, May, 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 Shore Bancshares pay?
The specific amount of Shore Bancshares 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 Shore Bancshares's dividend history.
Does Shore Bancshares stock pay dividends?
Yes, Shore Bancshares 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 Shore Bancshares's dividend history.
How much dividend does Shore Bancshares pay?
Shore Bancshares paid $0.48 in 2024, $0.48 in 2023, $0.48 in 2022, $0.48 in 2021, and $0.48 in 2020.
How often does Shore Bancshares pay dividends?
Shore Bancshares 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 February, May, August, and November.
What is Shore Bancshares's dividend yield?
The current dividend yield for Shore Bancshares is 2.89%. 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 Shore Bancshares's exact dividend yield.
When does Shore Bancshares go ex dividend?
Shore Bancshares's ex-dividend date for the latest dividend was on 2024-11-12. Shore Bancshares 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 Shore Bancshares dividend paid?
Shore Bancshares pays dividends on a quarterly basis, typically around February, May, August, or November, but the exact dates can vary each year.
Will Shore Bancshares 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 Shore Bancshares 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 Shore Bancshares dividend per share?
Shore Bancshares paid $0.48 per share in 2024 and $0.48 per share in 2023. The amount of dividend per share that Shore Bancshares 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 Shore Bancshares 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 Shore Bancshares 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 Shore Bancshares a dividend stock?
Yes, Shore Bancshares is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Shore Bancshares a good dividend stock?
Whether Shore Bancshares is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Shore Bancshares has a history of paying regular dividends, which can make it attractive to income-focused investors.
Other factors to consider when evaluating Shore 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.
Other factors to consider when evaluating Shore 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.
Does Shore Bancshares pay dividends monthly?
Shore Bancshares typically pays dividends on a quarterly basis.
Does Shore Bancshares pay dividends quarterly?
Shore Bancshares currently pays dividends on a quarterly basis.
Has Shore Bancshares ever paid a dividend?
Yes, Shore Bancshares has a history of paying dividends to its shareholders. Shore Bancshares is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Shore Bancshares dividend stocks?
To buy Shore Bancshares 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 Shore Bancshares 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 Shore Bancshares 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 Shore Bancshares pay dividends 2024?
Shore Bancshares pays dividends on a quarterly basis. 2024 dividend payments are in 2024-11-29. 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 Shore Bancshares increase its dividend in 2024?
Decisions regarding Shore Bancshares 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 Shore Bancshares dividend overview you can look into the above table of dividend history.
How Shore Bancshares dividend works?
The Shore Bancshares 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 Shore Bancshares's dividend process works:
1. Determination of Dividend: Shore 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, Shore 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, Shore 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 Shore 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. Determination of Dividend: Shore 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, Shore 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, Shore 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 Shore 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.
How are Shore Bancshares dividends paid?
Shore Bancshares dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:
1. Record Date: Shore 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, Shore 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: Shore 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.
1. Record Date: Shore 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, Shore 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: Shore 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.
How many times does Shore Bancshares pay dividends?
Shore Bancshares 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 Shore Bancshares pay dividends?
The general pattern is that Shore Bancshares pays dividends around February, May, 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 Shore Bancshares dividend safe?
The safety of Shore Bancshares'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 Shore 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 Shore 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.
To assess the safety of Shore 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 Shore 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.