First Interstate BancSys Coping with Challenges: Bouncing Back with Steady Distribution and Decreasing Investor Rewards
Today, February 19, 2024, marks an important moment for investors of First Interstate BancSys (NASDAQ:FIBK). The company will distribute a dividend payout of $0.47 per share, demonstrating an annualized dividend yield of 6.60%. Remember, only shareholders prior to the ex-dividend date on February 08, 2024 are eligible for this payout.
First Interstate BancSys Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2024-02-08 | 4 | $0.47 | 6.6% | 2024-01-26 | 2024-02-09 | 2024-02-19 |
| 2023-11-03 | 4 | $0.47 | 8.45% | 2023-10-24 | 2023-11-06 | 2023-11-16 |
| 2023-08-04 | 4 | $0.47 | 6.9% | 2023-07-25 | 2023-08-07 | 2023-08-17 |
| 2023-05-05 | 4 | $0.47 | 6.81% | 2023-04-25 | 2023-05-08 | 2023-05-18 |
| 2023-02-06 | 4 | $0.47 | 5.05% | 2023-01-25 | 2023-02-07 | 2023-02-17 |
| 2022-11-07 | 4 | $0.47 | 4.46% | 2022-10-24 | 2022-11-08 | 2022-11-18 |
| 2022-08-08 | 4 | $0.41 | 4.15% | 2022-07-25 | 2022-08-09 | 2022-08-19 |
| 2022-05-09 | 4 | $0.41 | 4.92% | 2022-04-27 | 2022-05-10 | 2022-05-20 |
| 2022-02-09 | 4 | $0.41 | 4.13% | 2022-01-26 | 2022-02-10 | 2022-02-21 |
| 2021-11-05 | 4 | $0.41 | 3.88% | 2021-10-25 | 2021-11-08 | 2021-11-18 |
| 2021-08-06 | 4 | $0.41 | 3.93% | 2021-07-26 | 2021-08-09 | 2021-08-19 |
| 2021-05-10 | 4 | $0.41 | 3.37% | 2021-04-26 | 2021-05-11 | 2021-05-21 |
First Interstate BancSys's dividend yield falls in the middle range when compared to its industry peers, with TFS Financial (NASDAQ:TFSL) having the highest annualized dividend yield at 8.45%.
Analyzing First Interstate BancSys 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
During the period of 2021 to 2023, the company experienced a notable growth in its dividend per share. The dividend per share increased from $1.64 to $1.88, reflecting the company's focus on providing greater returns to its shareholders.
YoY Earnings Growth For First Interstate BancSys
The earnings chart above shows that from 2021 to 2023, First Interstate BancSys has experienced an increase in their earnings from $2.60 per share to $2.71 per share. This positive earnings trend is promising for income-seeking investors as it suggests that the company has more potential to increase its cash dividend payout if the trend continues.
Recap
In this article, we explore the recent dividend payout of First Interstate BancSys and its significance for shareholders. The company has decided to distribute a dividend of $0.47 per share today, which equates to an annualized dividend yield of 6.60%.
First Interstate BancSys's dividend yield falls in the middle range when compared to its industry peers, with TFS Financial having the highest annualized dividend yield at 8.45%.
The upward trend in dividend per share and earnings per share for First Interstate BancSys from 2021 to 2023 reflects a strong financial position, supporting the company's ability to consistently distribute profits to their investors.
To stay well-informed about potential changes in financials or dividend disbursements, investors should closely observe 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.