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Summit Financial Group, Inc. operates as a financial holding company for Summit Community Bank, Inc. that provides community banking and other financial services to individuals and businesses primarily in the Eastern Panhandle, Southern and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia, and the Central region of Kentucky. The company's community banking services include demand, savings, and time deposits; commercial, commercial real estate, construction and land development, residential real estate, and consumer loans; and mortgage warehouse lines of credit, as well as trust and wealth management, cash management, and insurance services. As of December 31, 2021, it operated through 45 banking offices. The company was incorporated in 1987 and is headquartered in Moorefield, West Virginia.

Summit Financial Dividend Announcement

Summit Financial announced a quarterly dividend of $0.22 per ordinary share which will be made payable on 2024-03-29. Ex dividend date: 2024-03-14
Summit Financial annual dividend for 2024 was $0.22
Summit Financial annual dividend for 2023 was $0.84
Summit Financial's trailing twelve-month (TTM) dividend yield is 1.71%
Summit Financial's payout ratio for the trailing twelve months (TTM) is 23.24%
Summit Financial's dividend growth over the last five years (2018-2023) was 9.65% year

Summit Financial Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-03-14$0.22quarterly2024-03-29
2023-12-14$0.22quarterly2023-12-29
2023-09-14$0.22quarterly2023-09-29
2023-06-14$0.20quarterly2023-06-30
2023-03-14$0.20quarterly2023-03-31
2022-12-14$0.20quarterly2022-12-30
2022-09-14$0.20quarterly2022-09-30
2022-06-14$0.18quarterly2022-06-30
2022-03-14$0.18quarterly2022-03-31
2021-12-14$0.18quarterly2021-12-31
2021-09-14$0.18quarterly2021-09-30
2021-06-14$0.17quarterly2021-06-30
2021-03-12$0.17quarterly2021-03-31
2020-12-14$0.17quarterly2020-12-31
2020-09-14$0.17quarterly2020-09-30
2020-06-12$0.17quarterly2020-06-30
2020-03-13$0.17quarterly2020-03-31
2019-12-13$0.15quarterly2019-12-31
2019-09-13$0.15quarterly2019-09-30
2019-06-13$0.15quarterly2019-06-28
2019-03-14$0.14quarterly2019-03-29
2018-12-13$0.14quarterly2018-12-31
2018-09-13$0.13quarterly2018-09-28
2018-06-14$0.13quarterly2018-06-29
2018-03-14$0.13quarterly2018-03-30
2017-12-14$0.11quarterly2017-12-29
2017-09-14$0.11quarterly2017-09-30
2017-06-13$0.11quarterly2017-06-30
2017-03-13$0.11quarterly2017-03-31
2016-12-13$0.10quarterly2016-12-30
2016-09-13$0.10quarterly2016-09-30
2016-06-13$0.10quarterly2016-06-30
2016-03-11$0.10quarterly2016-03-31
2015-12-11$0.08quarterly2015-12-31
2015-09-11$0.08quarterly2015-09-30
2015-06-11$0.08quarterly2015-06-30
2015-03-12$0.08quarterly2015-03-31
2009-05-28$0.06quarterly2009-06-15
2008-11-26$0.18quarterly2008-12-15
2008-05-29$0.18quarterly2008-06-16

Summit Financial Dividend per year

Summit Financial Dividend growth

Summit Financial Dividend Yield

Summit Financial current trailing twelve-month (TTM) dividend yield is 1.71%. Interested in purchasing Summit Financial stock? Use our calculator to estimate your expected dividend yield:

Summit Financial Financial Ratios

P/E ratio6.49
PEG ratio0.04
P/B ratio0.83
ROE13.50%
Payout ratio23.24%
Current ratio0.09
Quick ratio0.62
Cash Ratio0.03

Summit Financial Dividend FAQ

How much is the next Summit Financial dividend?
Summit Financial'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 Financial dividend. The next Summit Financial dividend will be released in March, June, September, or December.
When is Summit Financial dividend paid?
Summit Financial 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 Summit Financial pay?
The specific amount of Summit Financial 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 Financial's dividend history.
Does Summit Financial stock pay dividends?
Yes, Summit Financial 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 Financial's dividend history.
How much dividend does Summit Financial pay?
Summit Financial paid $0.22 in 2024, $0.84 in 2023, $0.76 in 2022, $0.7 in 2021, and $0.68 in 2020.
How often does Summit Financial pay dividends?
Summit Financial 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 Summit Financial's dividend yield?
The current dividend yield for Summit Financial is 1.71%. 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 Financial's exact dividend yield.
When does Summit Financial go ex dividend?
Summit Financial's ex-dividend date for the latest dividend was on 2024-03-14. Summit Financial 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 Financial dividend paid?
Summit Financial pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Summit Financial 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 Financial 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 Financial dividend per share?
Summit Financial paid $0.22 per share in 2024 and $0.84 per share in 2023. The amount of dividend per share that Summit Financial 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 Financial 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 Financial 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 Financial a dividend stock?
Yes, Summit Financial is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Summit Financial a good dividend stock?
Whether Summit Financial 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 Financial has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Summit Financial 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 Financial pay dividends monthly?
Summit Financial typically pays dividends on a quarterly basis.
Does Summit Financial pay dividends quarterly?
Summit Financial currently pays dividends on a quarterly basis.
Has Summit Financial ever paid a dividend?
Yes, Summit Financial has a history of paying dividends to its shareholders. Summit Financial is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Summit Financial dividend stocks?
To buy Summit Financial 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 Financial 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 Financial pay dividends 2024?
Summit Financial pays dividends on a quarterly basis. 2024 dividend payments are in 2024-03-29. 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 Financial increase its dividend in 2024?
Decisions regarding Summit Financial 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 Financial dividend overview you can look into the above table of dividend history.
How Summit Financial dividend works?
The Summit Financial 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 Financial's dividend process works:

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

1. Record Date: Summit Financial 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 Financial 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 Financial 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 Financial pay dividends?
Summit Financial 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 Financial pay dividends?
The general pattern is that Summit Financial 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 Summit Financial dividend safe?
The safety of Summit Financial'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 Financial'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 Financial'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.