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1st Source (1st Source) 3-Year Dividend Growth Rate : 4.80% (As of Dec. 2023)


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What is 1st Source 3-Year Dividend Growth Rate?

1st Source's Dividends per Share for the three months ended in Dec. 2023 was $0.34.

The historical rank and industry rank for 1st Source's 3-Year Dividend Growth Rate or its related term are showing as below:

SRCE' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 2.9   Med: 10   Max: 16.7
Current: 4.8

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of 1st Source was 16.70% per year. The lowest was 2.90% per year. And the median was 10.00% per year.

SRCE's 3-Year Dividend Growth Rate is ranked worse than
61.87% of 779 companies
in the Banks industry
Industry Median: 7.5 vs SRCE: 4.80

During the past 12 months, 1st Source's average Dividends Per Share Growth Rate was 3.20% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 4.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 5.90% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 9.00% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

1st Source's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.30. As of today, 1st Source's Dividend Yield % is 2.56%.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of 1st Source's 3-Year Dividend Growth Rate

For the Banks - Regional subindustry, 1st Source's 3-Year Dividend Growth Rate, along with its competitors' market caps and 3-Year Dividend Growth Rate data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


1st Source's 3-Year Dividend Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, 1st Source's 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where 1st Source's 3-Year Dividend Growth Rate falls into.



1st Source 3-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with expontential compound based on the latest four year annual data.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


1st Source  (NAS:SRCE) 3-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

1st Source's Dividend Payout Ratio for the quarter that ended in Dec. 2023 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Dec. 2023 )/ EPS without NRI (Q: Dec. 2023 )
=0.34/ 1.15
=0.30

During the past 13 years, the highest Dividend Payout Ratio of 1st Source was 0.36. The lowest was 0.26. And the median was 0.30.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

1st Source Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.3402024-02-022024-02-052024-02-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.3402023-11-032023-11-062023-11-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.3202023-07-312023-08-012023-08-11Cash DividendquarterlyUSD:USD 1.000000
USD 0.3202023-05-012023-05-022023-05-12Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

1st Source's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=1.32/51.14
=2.58 %

Current Share Price is $51.14.
1st Source's Dividends per Share for the trailing twelve months (TTM) ended in Today is $1.32.

During the past 13 years, the highest Dividend Yield of 1st Source was 3.96%. The lowest was 1.40%. And the median was 2.27%.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


1st Source 3-Year Dividend Growth Rate Related Terms>


1st Source (1st Source) Business Description

Industry
Traded in Other Exchanges
N/A
Address
100 North Michigan Street, South Bend, IN, USA, 46601
1st Source Corp along with its subsidiary offers banking services. The bank provides Commercial, Agricultural, and Real Estate Loans which are given to privately owned business clients mainly located within regional market area, Consumer Services that consists of full range of consumer banking products and services, Trust and Wealth Advisory Services which includes wide range of trust, investment, agency, and custodial services for individual, corporate, and not-for-profit clients, and Specialty Finance Group Services that provide a broad range of comprehensive equipment loan and lease products addressing the financing needs of a broad array of companies.
Executives
Daniel B Fitzpatrick director 4220 EDISON LAKES PKWY, C/O QUALITY DINING INC, MISHAWAKA IN 46545
Mark D Schwabero director BRUNSWICK CORPORATION, 1 N FIELD COURT, LAKE FOREST IL 60045
Isaac P. Torres director P O BOX 1602, SOUTH BEND IN 46634
Brett A. Bauer officer: Treasurer and CFO P O BOX 1602, SOUTH BEND IN 46634
Andrea G Short officer: Treasurer and CFO PO BOX 1602, SOUTH BEND IN 46634
Weybright Ronda Shrewsbury director P O BOX 1602, SOUTH BEND IN 46634
Tracy D Graham director PO BOX 1602, SOUTH BEND IN 46634
John T Phair director P.O. BOX 1602, SOUTH BEND IN 46634
Melody Birmingham-byrd director PO BOX 1602, SOUTH BEND IN 46634
Todd F. Schurz director P O BOX 1602, SOUTH BEND IN 46634
Murphy Christopher J Iii director, officer: Chairman, CEO P O BOX 1602, SOUTH BEND IN 46634
Carmen C Murphy 10 percent owner 1237 EAST JEFFERSON BOULEVARD, SOUTH BEND IN 46617
John B Griffith officer: Sr. VP/Secy. 1st Source Bank P O BOX 1602, SOUTH BEND IN 46634
John Afleck-graves director 3820 EDISON LAKES PARKWAY, MISHAWAKA IN 46545
Jeffrey L Buhr officer: Senior Vice President PO BOX 1602, SOUTH BEND IN 46634