Exceeding Expectations: German American Bancorp Achieves Strong Performance and Rewards Investors
Today, November 20, 2023, German American Bancorp (NASDAQ:GABC) will distribute a dividend payout of $0.25 per share, highlighting an annualized dividend yield of 3.69%. Shareholders who owned the stock before the ex-dividend date on November 09, 2023 will be eligible for this payout.
German American Bancorp Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-09 | 4 | $0.25 | 3.69% | 2023-10-30 | 2023-11-10 | 2023-11-20 |
| 2023-08-09 | 4 | $0.25 | 3.46% | 2023-07-31 | 2023-08-10 | 2023-08-20 |
| 2023-05-09 | 4 | $0.25 | 3.16% | 2023-04-24 | 2023-05-10 | 2023-05-20 |
| 2023-02-09 | 4 | $0.25 | 2.69% | 2023-01-30 | 2023-02-10 | 2023-02-20 |
| 2022-11-09 | 4 | $0.23 | 2.35% | 2022-10-31 | 2022-11-10 | 2022-11-20 |
| 2022-08-09 | 4 | $0.23 | 2.61% | 2022-07-25 | 2022-08-10 | 2022-08-20 |
| 2022-05-09 | 4 | $0.23 | 2.48% | 2022-04-25 | 2022-05-10 | 2022-05-20 |
| 2022-02-09 | 4 | $0.23 | 2.35% | 2022-01-31 | 2022-02-10 | 2022-02-20 |
| 2021-11-09 | 4 | $0.21 | 2.11% | 2021-10-25 | 2021-11-10 | 2021-11-20 |
| 2021-08-09 | 4 | $0.21 | 2.34% | 2021-07-26 | 2021-08-10 | 2021-08-20 |
| 2021-05-07 | 4 | $0.21 | 1.9% | 2021-04-26 | 2021-05-10 | 2021-05-20 |
| 2021-02-09 | 4 | $0.21 | 2.44% | 2021-01-25 | 2021-02-10 | 2021-02-20 |
With a dividend yield that places it neither at the top nor the bottom, German American Bancorp finds itself in the middle among its industry peers, while Provident Finl Servs (NYSE:PFS) boasts the highest annualized dividend yield at 6.13%.
Analyzing German American Bancorp Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
From 2019 to 2022, the company's dividend per share showed a positive trend, increasing steadily from $0.68 in 2019 to $0.92 in 2022. This demonstrates the company's commitment to rewarding shareholders by consistently raising dividends.
YoY Earnings Growth For German American Bancorp
Investors can observe a growth in earnings for German American Bancorp from 2019 to 2022, as earnings per share increased from $2.30 to $3.14. This upward trajectory in earnings indicates potential for future cash dividend payout increases, which can be advantageous for income-seeking investors.
Recap
This article delves into the recent dividend payout of German American Bancorp and its implications for shareholders. Presently, the company is distributing a dividend of $0.25 per share, leading to an annualized dividend yield of 3.69%.
With a dividend yield that places it neither at the top nor the bottom, German American Bancorp finds itself in the middle among its industry peers, while Provident Finl Servs boasts the highest annualized dividend yield at 6.13%.
Considering the increase in dividend per share from 2019 to 2022 along with an increase in earnings per share, German American Bancorp appears to be in a strong financial position, indicating their ability to sustain dividend distributions to investors.
To stay informed about changes in financials or dividend disbursements, investors should pay close attention to the company's performance in the upcoming quarters.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.