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Summit Bancshares, Inc., through its subsidiary, Summit Bank, provides commercial credit and other banking services in California. It offers checking and savings accounts, and certificates of deposit. The company also provides commercial real estate, land development and construction, and commercial and consumer loans, as well as letters of credit. The company offers its products and services through three branches to small and mid-sized businesses and professionals, including professional firms of physicians, attorneys, accountants, real estate developers, retailers, service firms, wholesalers, and distributors, as well as individuals. Summit Bancshares, Inc. was founded in 1982 and is based in Oakland, California.

Summit Bancshares Dividend Announcement

Summit Bancshares announced a quarterly dividend of $0.31 per ordinary share which will be made payable on 2024-10-31. Ex dividend date: 2024-10-10
Summit Bancshares annual dividend for 2024 was $1.06
Summit Bancshares annual dividend for 2023 was $1.01
Summit Bancshares's trailing twelve-month (TTM) dividend yield is 1.95%
Summit Bancshares's payout ratio for the trailing twelve months (TTM) is 25.86%
Summit Bancshares's dividend growth over the last five years (2018-2023) was 27.48% year

Summit Bancshares Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-10$0.31quarterly2024-10-31
2024-08-23$0.11quarterly2024-09-13
2024-05-31$0.42quarterly2024-06-28
2024-05-23$0.11quarterly2024-06-14
2024-02-22$0.11quarterly2024-03-15
2023-11-22$0.10quarterly2023-12-15
2023-08-24$0.10quarterly2023-09-15
2023-06-08$0.41quarterly2023-06-30
2023-05-24$0.10quarterly2023-06-15
2023-02-21$0.10quarterly2023-03-15
2023-01-23$0.20quarterly2023-02-08
2022-11-22$0.10quarterly2022-12-15
2022-08-24$0.10quarterly2022-09-15
2022-05-31$0.10quarterly2022-06-15
2022-02-18$0.10quarterly2022-03-15
2021-08-09$0.18quarterly2021-08-31
2021-02-04$0.18quarterly2021-02-26
2020-08-07$0.17quarterly2020-08-31
2020-02-06$0.17quarterly2020-02-28
2020-01-28$0.32quarterly2020-02-19
2019-08-08$0.16quarterly2019-08-30
2019-02-06$0.15quarterly2019-02-28
2018-08-09$0.15quarterly2018-08-31
2018-02-06$0.15quarterly2018-02-28
2017-08-08$0.14quarterly2017-08-31
2017-02-03$0.14quarterly2017-02-28
2016-08-08$0.13quarterly
2016-02-04$0.11quarterly
2015-08-04$0.22quarterly
2009-01-07$0.19quarterly
2008-05-08$0.19quarterly

Summit Bancshares Dividend per year

Summit Bancshares Dividend growth

Summit Bancshares Dividend Yield

Summit Bancshares current trailing twelve-month (TTM) dividend yield is 1.95%. Interested in purchasing Summit Bancshares stock? Use our calculator to estimate your expected dividend yield:

Summit Bancshares Financial Ratios

P/E ratio9.25
PEG ratio1.16
P/B ratio1.12
ROE12.71%
Payout ratio25.86%
Current ratio0.55
Quick ratio0.55
Cash Ratio-0.04

Summit Bancshares Dividend FAQ

How much is the next Summit Bancshares dividend?
Summit 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 Summit Bancshares dividend. The next Summit Bancshares dividend will be released in January, February, May, June, August, or November.
When is Summit Bancshares dividend paid?
Summit Bancshares pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, February, May, June, 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 Summit Bancshares pay?
The specific amount of Summit 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 Summit Bancshares's dividend history.
Does Summit Bancshares stock pay dividends?
Yes, Summit 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 Summit Bancshares's dividend history.
How much dividend does Summit Bancshares pay?
Summit Bancshares paid $1.06 in 2024, $1.01 in 2023, $0.4 in 2022, $0.36 in 2021, and $0.66 in 2020.
How often does Summit Bancshares pay dividends?
Summit 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 January, February, May, June, August, and November.
What is Summit Bancshares's dividend yield?
The current dividend yield for Summit Bancshares is 1.95%. 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 Summit Bancshares's exact dividend yield.
When does Summit Bancshares go ex dividend?
Summit Bancshares's ex-dividend date for the latest dividend was on 2024-10-10. Summit 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 Summit Bancshares dividend paid?
Summit Bancshares pays dividends on a quarterly basis, typically around January, February, May, June, August, or November, but the exact dates can vary each year.
Will Summit 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 Summit 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 Summit Bancshares dividend per share?
Summit Bancshares paid $1.06 per share in 2024 and $1.01 per share in 2023. The amount of dividend per share that Summit 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 Summit 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 Summit 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 Summit Bancshares a dividend stock?
Yes, Summit Bancshares is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Summit Bancshares a good dividend stock?
Whether Summit 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. Summit Bancshares has a history of paying regular dividends, which can make it attractive to income-focused investors.

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

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

1. Record Date: Summit 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, Summit 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: Summit 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 Summit Bancshares pay dividends?
Summit 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 Summit Bancshares pay dividends?
The general pattern is that Summit Bancshares pays dividends around January, February, May, June, 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 Summit Bancshares dividend safe?
The safety of Summit 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 Summit 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 Summit 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.