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 3.67%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-10-10 | $0.31 | quarterly | 2024-10-31 |
2024-08-23 | $0.11 | quarterly | 2024-09-13 |
2024-05-31 | $0.42 | quarterly | 2024-06-28 |
2024-05-23 | $0.11 | quarterly | 2024-06-14 |
2024-02-22 | $0.11 | quarterly | 2024-03-15 |
2023-11-22 | $0.10 | quarterly | 2023-12-15 |
2023-08-24 | $0.10 | quarterly | 2023-09-15 |
2023-06-08 | $0.41 | quarterly | 2023-06-30 |
2023-05-24 | $0.10 | quarterly | 2023-06-15 |
2023-02-21 | $0.10 | quarterly | 2023-03-15 |
2023-01-23 | $0.20 | quarterly | 2023-02-08 |
2022-11-22 | $0.10 | quarterly | 2022-12-15 |
2022-08-24 | $0.10 | quarterly | 2022-09-15 |
2022-05-31 | $0.10 | quarterly | 2022-06-15 |
2022-02-18 | $0.10 | quarterly | 2022-03-15 |
2021-08-09 | $0.18 | quarterly | 2021-08-31 |
2021-02-04 | $0.18 | quarterly | 2021-02-26 |
2020-08-07 | $0.17 | quarterly | 2020-08-31 |
2020-02-06 | $0.17 | quarterly | 2020-02-28 |
2020-01-28 | $0.32 | quarterly | 2020-02-19 |
2019-08-08 | $0.16 | quarterly | 2019-08-30 |
2019-02-06 | $0.15 | quarterly | 2019-02-28 |
2018-08-09 | $0.15 | quarterly | 2018-08-31 |
2018-02-06 | $0.15 | quarterly | 2018-02-28 |
2017-08-08 | $0.14 | quarterly | 2017-08-31 |
2017-02-03 | $0.14 | quarterly | 2017-02-28 |
2016-08-08 | $0.13 | quarterly | |
2016-02-04 | $0.11 | quarterly | |
2015-08-04 | $0.22 | quarterly | |
2009-01-07 | $0.19 | quarterly | |
2008-05-08 | $0.19 | quarterly |
Summit Bancshares Dividend per year
Summit Bancshares Dividend growth
Summit Bancshares Dividend Yield
Summit Bancshares current trailing twelve-month (TTM) dividend yield is 3.67%. Interested in purchasing Summit Bancshares stock? Use our calculator to estimate your expected dividend yield:
Summit Bancshares Financial Ratios
Summit Bancshares Dividend FAQ
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.
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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.
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.
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.