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Solvay Bank Corp. operates as the bank holding company for Solvay Bank that provides various banking products and services in New York. It offers checking and NOW accounts, savings accounts, certificates of deposit, individual retirement accounts, health savings accounts, and money market accounts. The company also provides home equity, mortgage, improvement, auto, recreational vehicle, and personal loans, as well as checking lines of credit; commercial real estate loans, working capital loans, business lines of credit, business term loans, small business administration loans, and New York state lending programs; and personal and business credit cards. In addition, it offers trust and investment services; auto, home, personal, life, long-term care insurance, commercial property, commercial umbrella, liability, inland marine, and workers compensation insurance products; and online and digital banking, mobile pay, positive pay, merchant card, remote deposit capture, and other services. Solvay Bank Corp. was founded in 1917 and is based in Solvay, New York.

Solvay Bank Dividend Announcement

Solvay Bank announced a quarterly dividend of $0.43 per ordinary share which will be made payable on 2024-10-31. Ex dividend date: 2024-09-30
Solvay Bank annual dividend for 2024 was $1.29
Solvay Bank annual dividend for 2023 was $1.68
Solvay Bank's trailing twelve-month (TTM) dividend yield is 5.98%
Solvay Bank's payout ratio for the trailing twelve months (TTM) is 66.88%
Solvay Bank's dividend growth over the last five years (2018-2023) was 6.69% year
Solvay Bank's dividend growth over the last ten years (2013-2023) was 5.07% year

Solvay Bank Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-30$0.43quarterly2024-10-31
2024-06-28$0.43quarterly2024-07-31
2024-04-04$0.43quarterly2024-04-30
2023-12-28$0.42quarterly2024-01-31
2023-09-28$0.42quarterly2023-10-31
2023-06-29$0.42quarterly2023-07-28
2023-03-30$0.42quarterly2023-04-28
2022-12-29$0.40quarterly2023-01-27
2022-09-29$0.40quarterly2022-10-28
2022-06-30$0.40quarterly2022-07-29
2022-03-30$0.40quarterly2022-04-29
2021-12-30$0.34quarterly2022-01-28
2021-09-30$0.34quarterly2021-10-29
2021-07-01$0.34quarterly2021-07-30
2021-03-31$0.34quarterly2021-04-29
2020-12-30$0.33quarterly2021-01-29
2020-10-01$0.33quarterly2020-10-23
2020-07-01$0.33quarterly2020-07-24
2020-03-30$0.33quarterly2020-04-24
2019-12-30$0.32quarterly2020-01-24
2019-09-27$0.32quarterly2019-10-25
2019-06-27$0.32quarterly2019-07-26
2019-03-28$0.32quarterly2019-04-26
2018-12-28$0.31quarterly2019-01-25
2018-09-27$0.31quarterly2018-10-26
2018-06-28$0.30quarterly2018-07-27
2018-03-28$0.30quarterly2018-04-27
2017-09-28$0.29quarterly2017-10-27
2017-06-28$0.29quarterly2017-07-28
2017-03-29$0.29quarterly2017-04-28
2016-12-28$0.28quarterly
2016-09-28$0.28quarterly
2016-06-29$0.28quarterly
2016-03-30$0.28quarterly
2015-12-29$0.27quarterly
2015-09-28$0.27quarterly
2015-06-29$0.27quarterly
2015-03-27$0.27quarterly
2014-12-30$0.26quarterly
2014-09-29$0.26quarterly
2014-06-30$0.26quarterly
2014-03-27$0.26quarterly
2013-12-30$0.26quarterly
2013-09-27$0.25quarterly
2013-06-28$0.25quarterly
2013-03-26$0.25quarterly

Solvay Bank Dividend per year

Solvay Bank Dividend growth

Solvay Bank Dividend Yield

Solvay Bank current trailing twelve-month (TTM) dividend yield is 5.98%. Interested in purchasing Solvay Bank stock? Use our calculator to estimate your expected dividend yield:

Solvay Bank Financial Ratios

P/E ratio11.66
PEG ratio0.12
P/B ratio0.94
ROE8.47%
Payout ratio66.88%
Current ratio0.14
Quick ratio0.14
Cash Ratio-0.03

Solvay Bank Dividend FAQ

How much is the next Solvay Bank dividend?
Solvay Bank's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Solvay Bank dividend. The next Solvay Bank dividend will be released in March, June, September, or December.
When is Solvay Bank dividend paid?
Solvay Bank pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. 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 Solvay Bank pay?
The specific amount of Solvay Bank 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 Solvay Bank's dividend history.
Does Solvay Bank stock pay dividends?
Yes, Solvay Bank 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 Solvay Bank's dividend history.
How much dividend does Solvay Bank pay?
Solvay Bank paid $1.29 in 2024, $1.68 in 2023, $1.6 in 2022, $1.342 in 2021, and $1.306 in 2020.
How often does Solvay Bank pay dividends?
Solvay Bank 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 March, June, September, and December.
What is Solvay Bank's dividend yield?
The current dividend yield for Solvay Bank is 5.98%. 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 Solvay Bank's exact dividend yield.
When does Solvay Bank go ex dividend?
Solvay Bank's ex-dividend date for the latest dividend was on 2024-09-30. Solvay Bank 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 Solvay Bank dividend paid?
Solvay Bank pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Solvay Bank 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 Solvay Bank 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 Solvay Bank dividend per share?
Solvay Bank paid $1.29 per share in 2024 and $1.68 per share in 2023. The amount of dividend per share that Solvay Bank 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 Solvay Bank 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 Solvay Bank 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 Solvay Bank a dividend stock?
Yes, Solvay Bank is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Solvay Bank a good dividend stock?
Whether Solvay Bank is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Solvay Bank has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Solvay 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.
Does Solvay Bank pay dividends monthly?
Solvay Bank typically pays dividends on a quarterly basis.
Does Solvay Bank pay dividends quarterly?
Solvay Bank currently pays dividends on a quarterly basis.
Has Solvay Bank ever paid a dividend?
Yes, Solvay Bank has a history of paying dividends to its shareholders. Solvay Bank is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Solvay Bank dividend stocks?
To buy Solvay Bank 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 Solvay Bank 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 Solvay Bank pay dividends 2024?
Solvay Bank pays dividends on a quarterly basis. 2024 dividend payments are in 2024-10-31. 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 Solvay Bank increase its dividend in 2024?
Decisions regarding Solvay Bank 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 Solvay Bank dividend overview you can look into the above table of dividend history.
How Solvay Bank dividend works?
The Solvay Bank 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 Solvay Bank's dividend process works:

1. Determination of Dividend: Solvay 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, Solvay 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, Solvay 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 Solvay 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.
How are Solvay Bank dividends paid?
Solvay Bank dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Solvay 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, Solvay 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: Solvay 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.
How many times does Solvay Bank pay dividends?
Solvay Bank 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 Solvay Bank pay dividends?
The general pattern is that Solvay Bank pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Solvay Bank dividend safe?
The safety of Solvay Bank'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 Solvay 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 Solvay 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.