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VersaBank, a schedule I chartered bank, provides various banking products and services in Canada. The company offers deposit products, such as guaranteed investment certificates, registered retirement savings plans, daily interest savings accounts, and tax-free savings accounts, as well as deposit insurance products. It also provides lending services, including point of sale financing that involves purchasing loan and lease receivables from finance companies operating in various industries; and commercial banking services comprising commercial real estate, public sector/infrastructure financing, condominium financing, and residential mortgages. The company was formerly known as Pacific & Western Bank of Canada and changed its name to VersaBank in May 2016. VersaBank was incorporated in 1979 and is headquartered in London, Canada.

VersaBank Dividend Announcement

VersaBank announced a quarterly dividend of $0.02 per ordinary share which will be made payable on 2024-10-31. Ex dividend date: 2024-10-04
VersaBank annual dividend for 2024 was $0.07
VersaBank annual dividend for 2023 was $0.07
VersaBank's trailing twelve-month (TTM) dividend yield is 0.59%
VersaBank's payout ratio for the trailing twelve months (TTM) is 7.68%
VersaBank's dividend growth over the last five years (2018-2023) was 19.01% year

VersaBank Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-10-04$0.02quarterly2024-10-31
2024-07-05$0.02quarterly2024-07-31
2024-04-04$0.02quarterly2024-04-30
2024-01-04$0.02quarterly2024-01-31
2023-10-05$0.02quarterly2023-10-31
2023-07-06$0.02quarterly2023-07-31
2023-04-05$0.02quarterly2023-04-30
2023-01-05$0.02quarterly2023-01-31
2022-10-06$0.02quarterly2022-10-31
2022-07-07$0.02quarterly2022-07-31
2022-04-07$0.02quarterly2022-04-30
2022-01-06$0.02quarterly2022-01-31
2021-09-29$0.02quarterly2021-10-31
2021-07-01$0.02quarterly2021-07-31
2021-03-31$0.02quarterly2021-04-30
2021-01-07$0.02quarterly2021-01-31
2020-10-01$0.02quarterly2020-10-31
2020-07-02$0.03quarterly2020-07-31
2020-04-02$0.03quarterly2020-04-30
2020-01-02$0.02quarterly2020-01-31
2019-10-03$0.01quarterly2019-10-31
2019-07-05$0.02quarterly2019-07-31
2019-04-04$0.01quarterly2019-04-30
2019-01-03$0.01quarterly2019-01-31
2018-10-04$0.01quarterly2018-10-31
2018-07-05$0.01quarterly2018-07-31
2018-04-05$0.01quarterly2018-04-30
2018-01-04$0.01quarterly2018-01-31

VersaBank Dividend per year

VersaBank Dividend growth

VersaBank Dividend Yield

VersaBank current trailing twelve-month (TTM) dividend yield is 0.59%. Interested in purchasing VersaBank stock? Use our calculator to estimate your expected dividend yield:

VersaBank Financial Ratios

P/E ratio14.35
PEG ratio2.48
P/B ratio1.64
ROE11.86%
Payout ratio7.68%
Current ratio79.76
Quick ratio79.76
Cash Ratio79.76

VersaBank Dividend FAQ

How much is the next VersaBank dividend?
VersaBank's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next VersaBank dividend. The next VersaBank dividend will be released in January, April, July, or October.
When is VersaBank dividend paid?
VersaBank pays dividends on a quarterly basis. The specific dates may vary each year but are generally around January, April, July, and October. 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 VersaBank pay?
The specific amount of VersaBank 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 VersaBank's dividend history.
Does VersaBank stock pay dividends?
Yes, VersaBank 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 VersaBank's dividend history.
How much dividend does VersaBank pay?
VersaBank paid $0.074 in 2024, $0.074 in 2023, $0.077 in 2022, $0.079 in 2021, and $0.088 in 2020.
How often does VersaBank pay dividends?
VersaBank 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, April, July, and October.
What is VersaBank's dividend yield?
The current dividend yield for VersaBank is 0.59%. 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 VersaBank's exact dividend yield.
When does VersaBank go ex dividend?
VersaBank's ex-dividend date for the latest dividend was on 2024-10-04. VersaBank 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 VersaBank dividend paid?
VersaBank pays dividends on a quarterly basis, typically around January, April, July, or October, but the exact dates can vary each year.
Will VersaBank 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 VersaBank 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 VersaBank dividend per share?
VersaBank paid $0.074 per share in 2024 and $0.074 per share in 2023. The amount of dividend per share that VersaBank 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 VersaBank 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 VersaBank 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 VersaBank a dividend stock?
Yes, VersaBank is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is VersaBank a good dividend stock?
Whether VersaBank is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. VersaBank has a history of paying regular dividends, which can make it attractive to income-focused investors.

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

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

1. Record Date: VersaBank 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, VersaBank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: VersaBank 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 VersaBank pay dividends?
VersaBank 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 VersaBank pay dividends?
The general pattern is that VersaBank pays dividends around January, April, July, and October. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is VersaBank dividend safe?
The safety of VersaBank'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 VersaBank'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 VersaBank'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.