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Park National (Park National) 3-Year Dividend Growth Rate : 1.00% (As of Dec. 2023)


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What is Park National 3-Year Dividend Growth Rate?

Park National's Dividends per Share for the three months ended in Dec. 2023 was $1.05.

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

PRK' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: -0.1   Med: 6.9   Max: 21.9
Current: 1

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Park National was 21.90% per year. The lowest was -0.10% per year. And the median was 6.90% per year.

PRK's 3-Year Dividend Growth Rate is ranked worse than
80.23% of 779 companies
in the Banks industry
Industry Median: 7.5 vs PRK: 1.00

During the past 12 months, Park National's average Dividends Per Share Growth Rate was 1.00% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 1.00% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 1.70% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 1.30% 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.

Park National's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.53. As of today, Park National's Dividend Yield % is 3.12%.

Warning Sign:

Park National Corp stock dividend yield is close to 10-year low.

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


Competitive Comparison of Park National's 3-Year Dividend Growth Rate

For the Banks - Regional subindustry, Park National'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.


Park National's 3-Year Dividend Growth Rate Distribution in the Banks Industry

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

* The bar in red indicates where Park National's 3-Year Dividend Growth Rate falls into.



Park National 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.


Park National  (AMEX:PRK) 3-Year Dividend Growth Rate Explanation

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

Park National'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 )
=1.05/ 2
=0.53

During the past 13 years, the highest Dividend Payout Ratio of Park National was 0.72. The lowest was 0.46. And the median was 0.59.

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

Park National Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 1.0602024-02-152024-02-162024-03-08Cash DividendquarterlyUSD:USD 1.000000
USD 1.0502023-11-162023-11-172023-12-08Cash DividendquarterlyUSD:USD 1.000000
USD 1.0502023-08-172023-08-182023-09-08Cash DividendquarterlyUSD:USD 1.000000
USD 1.0502023-05-182023-05-192023-06-09Cash 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.

Park National's Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=4.21/134.78
=3.12 %

Current Share Price is $134.78.
Park National's Dividends per Share for the trailing twelve months (TTM) ended in Today is $4.21.

During the past 13 years, the highest Dividend Yield of Park National was 6.19%. The lowest was 2.81%. And the median was 3.95%.

Warning Sign:

Park National Corp stock dividend yield is close to 10-year low.

* 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.


Park National 3-Year Dividend Growth Rate Related Terms>


Park National (Park National) Business Description

Traded in Other Exchanges
N/A
Address
50 North Third Street, P.O. Box 3500, Newark, OH, USA, 43058-3500
Park National Corp is a diversified financial services company based in Newark, Ohio, consisting of 11 community banking divisions with more than 100 offices in Ohio and Kentucky. Park National provides banking and other financial services to consumers and businesses.
Executives
Englefield F W Iv director 50 NORTH THIRD STREET, P O BOX 3500, NEWARK OH 43058-3500
Dan Delawder director, officer: President and CEO
Miller Daniel Byrd Iii director 50 N THIRD ST, NEWARK OH 43055
Frederic M Bertley director 50 N THIRD ST, NEWARK OH 43055
Robert E Oneill director 50 N THIRD STREET, NEWARK OH 43055
Mark R Ramser director 50 N THIRD ST, NEWARK OH 43055
Timothy S. Mclain director 50 NORTH THIRD STREET, PO BOX 3500, NEWARK OH 43058-3500
James R Deroberts director 50 N THIRD STREET, NEWARK OH 43055
Jason N Judd director 50 N THIRD ST, NEWARK OH 43055
Leon Zazworsky director 50 NORTH THIRD STREET, PO BOX 3500, NEWARK OH 43058-3500
Kelly A Edds officer: Chief Accounting Officer 50 N THIRD STREET, NEWARK OH 43055
Alicia J Hupp director 50 N THIRD STREET, NEWARK OH 43055
Julia A Sloat director 1 RIVERSIDE PLAZA, COLUMBUS OH 43215
Brady T Burt officer: Chief Financial Officer 0015 BENCHMARK ROAD, SUITE 300, P.O. BOX 6580, AVON CO 81620
Matthew R Miller officer: Chief Accounting Officer 50 NORTH THIRD STREET, NEWARK OH 43055