Stellar Bancorp, Inc. operates as the bank holding company that provides a range of commercial banking services primarily to small and medium-sized businesses, professionals, and individual customers. It accepts deposit products, including checking accounts, commercial accounts, money market accounts, savings accounts, and other time deposits; and certificates of deposit. The company's loan portfolio comprises commercial and industrial loans; commercial real estate loans, including multi-family residential loans; commercial real estate construction and land development loans; residential real estate loans, such as 1-4 family residential mortgage loans; residential construction loans; and consumer and other loans. In addition, it offers automated teller machine services, drive-through services, and depository facilities; mobile banking services; and telephone, mail, and Internet banking services. Further, the company provides safe deposit boxes, debit cards, cash management and wire transfer services, night depository services, direct deposits, cashier's checks, and letters of credit. It has locations in the Southeast region, including Houston, The Woodlands, Sugar Land, Beaumont, and Port Arthur, as well as Dallas. The company was founded in 2007 and is headquartered in Houston, Texas.
Stellar Bancorp Dividend Announcement
• Stellar Bancorp announced a quarterly dividend of $0.14 per ordinary share which will be made payable on 2024-12-31. Ex dividend date: 2024-12-13
• Stellar Bancorp annual dividend for 2024 was $0.53
• Stellar Bancorp annual dividend for 2023 was $0.52
• Stellar Bancorp's trailing twelve-month (TTM) dividend yield is 1.63%
• Stellar Bancorp's payout ratio for the trailing twelve months (TTM) is 23.71%
• Stellar Bancorp's dividend growth over the last five years (2018-2023) was 21.06% year
Stellar Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.14 | quarterly | 2024-12-31 |
2024-09-13 | $0.13 | quarterly | 2024-09-30 |
2024-06-14 | $0.13 | quarterly | 2024-06-28 |
2024-03-15 | $0.13 | quarterly | 2024-03-29 |
2023-12-14 | $0.13 | quarterly | 2023-12-29 |
2023-09-14 | $0.13 | quarterly | 2023-09-29 |
2023-06-14 | $0.13 | quarterly | 2023-06-30 |
2023-03-14 | $0.13 | quarterly | 2023-03-31 |
2022-12-14 | $0.13 | quarterly | 2022-12-30 |
2022-09-28 | $0.13 | quarterly | 2022-10-14 |
2022-06-28 | $0.13 | quarterly | 2022-07-15 |
2022-03-31 | $0.13 | quarterly | 2022-04-15 |
2021-12-31 | $0.13 | quarterly | 2022-01-14 |
2021-09-30 | $0.13 | quarterly | 2021-10-15 |
2021-06-30 | $0.13 | quarterly | 2021-07-15 |
2021-03-31 | $0.13 | quarterly | 2021-04-15 |
2020-12-31 | $0.10 | quarterly | 2021-01-15 |
2020-09-30 | $0.10 | quarterly | 2020-10-15 |
2020-06-30 | $0.10 | quarterly | 2020-07-15 |
2020-03-31 | $0.10 | quarterly | 2020-04-15 |
2019-12-31 | $0.10 | quarterly | 2020-01-15 |
2019-09-30 | $0.10 | quarterly | 2019-10-15 |
2019-06-28 | $0.10 | quarterly | 2019-07-15 |
2019-03-29 | $0.10 | quarterly | 2019-04-15 |
2018-12-31 | $0.05 | quarterly | 2019-01-15 |
2018-09-28 | $0.05 | quarterly | 2018-10-15 |
2018-06-29 | $0.05 | quarterly | 2018-07-16 |
2018-03-29 | $0.05 | quarterly | 2018-04-16 |
2017-12-29 | $0.05 | quarterly | 2018-01-15 |
Stellar Bancorp Dividend per year
Stellar Bancorp Dividend growth
Stellar Bancorp Dividend Yield
Stellar Bancorp current trailing twelve-month (TTM) dividend yield is 1.63%. Interested in purchasing Stellar Bancorp stock? Use our calculator to estimate your expected dividend yield:
Stellar Bancorp Financial Ratios
Stellar Bancorp Dividend FAQ
Other factors to consider when evaluating Stellar 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: Stellar 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, Stellar 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, Stellar 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 Stellar 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: Stellar 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, Stellar 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: Stellar 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 Stellar 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 Stellar 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.