Signature Bank provides commercial banking products and services. It accepts various deposit products, including checking accounts, money market accounts, escrow deposit accounts, cash concentration accounts, certificates of deposit, and other cash management products. The company provides various lending products comprising commercial and industrial loans, real estate loans, and letters of credit. In addition, it offers asset management and investment products; and retirement products, such as individual retirement accounts and administrative services for retirement vehicles. Further, the company provides wealth management services to its high net worth personal clients; and purchases, sells, and assembles small business administration loans and pools. Additionally, it offers individual and group insurance products, including health, life, disability, and long-term care insurance products for business and private clients. As of December 31, 2021, the company operated 37 private client offices located in the metropolitan New York area, Connecticut, California, and North Carolina. Signature Bank was incorporated in 2000 and is headquartered in New York, New York.
Signature Bank Dividend Announcement
• Signature Bank announced a quarterly dividend of $0.70 per ordinary share which will be made payable on 2023-02-10. Ex dividend date: 2023-01-26
• Signature Bank annual dividend for 2023 was $0.70
• Signature Bank's trailing twelve-month (TTM) dividend yield is -%
• Signature Bank's payout ratio for the trailing twelve months (TTM) is 13.29%
Signature Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2023-01-26 | $0.70 | quarterly | 2023-02-10 |
2022-10-27 | $0.56 | quarterly | 2022-11-10 |
2022-07-28 | $0.56 | quarterly | 2022-08-12 |
2022-04-28 | $0.56 | quarterly | 2022-05-13 |
2022-01-27 | $0.56 | quarterly | 2022-02-11 |
2021-10-28 | $0.56 | quarterly | 2021-11-12 |
2021-07-29 | $0.56 | quarterly | 2021-08-13 |
2021-04-30 | $0.56 | quarterly | 2021-05-14 |
2021-01-29 | $0.56 | quarterly | 2021-02-12 |
2020-10-30 | $0.56 | quarterly | 2020-11-13 |
2020-07-30 | $0.56 | quarterly | 2020-08-14 |
2020-05-01 | $0.56 | quarterly | 2020-05-15 |
2020-01-30 | $0.56 | quarterly | 2020-02-14 |
2019-10-31 | $0.56 | quarterly | 2019-11-15 |
2019-07-31 | $0.56 | quarterly | 2019-08-15 |
2019-04-30 | $0.56 | quarterly | 2019-05-15 |
2019-01-31 | $0.56 | quarterly | 2019-02-15 |
2018-10-31 | $0.56 | quarterly | 2018-11-15 |
2018-07-31 | $0.56 | quarterly | 2018-08-15 |
Signature Bank Dividend per year
Signature Bank Dividend growth
Signature Bank Dividend Yield
Signature Bank current trailing twelve-month (TTM) dividend yield is -%. Interested in purchasing Signature Bank stock? Use our calculator to estimate your expected dividend yield:
Signature Bank Financial Ratios
Signature Bank Dividend FAQ
Other factors to consider when evaluating Signature Bank 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: Signature Bank'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, Signature Bank 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, Signature Bank 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 Signature Bank 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: Signature Bank 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, Signature Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Signature Bank 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 Signature Bank'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 Signature Bank'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.