Summit Financial Group (Summit Financial Group) Dividend Payout Ratio

: 0.19 (As of Dec. 2023)

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Summit Financial Group's dividend payout ratio for the months ended in Dec. 2023 was 0.19.

The historical rank and industry rank for Summit Financial Group's Dividend Payout Ratio or its related term are showing as below:

SMMF' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.19 Med: 0.23 Max: 0.28
Current: 0.2

During the past 13 years, the highest Dividend Payout Ratio of Summit Financial Group was 0.28. The lowest was 0.19. And the median was 0.23.

SMMF's Dividend Payout Ratio is ranked better than
79.07% of 1094 companies
in the Banks industry
Industry Median: 0.33 vs SMMF: 0.20

As of today (2024-04-19), the Dividend Yield % of Summit Financial Group is 3.43%.

During the past 13 years, the highest Trailing Annual Dividend Yield of Summit Financial Group was 4.43%. The lowest was 0.60%. And the median was 2.39%.

Summit Financial Group's Dividends per Share for the months ended in Dec. 2023 was $0.22.

During the past 12 months, Summit Financial Group's average Dividends Per Share Growth Rate was 10.50% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 7.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.20% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Summit Financial Group was 47.40% per year. The lowest was -42.70% per year. And the median was 14.00% per year.

The growth rate is calculated with least square regression.

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

Summit Financial Group Dividend Payout Ratio Historical Data

The historical data trend for Summit Financial Group's Dividend Payout Ratio can be seen below:

* 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.

* Premium members only.

Summit Financial Group Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

0.24

0.27

0.20

0.19

0.20

Summit Financial Group Quarterly Data
	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23
Dividend Payout Ratio																0.17	0.18	0.26	0.19	0.19

Competitive Comparison

For the Banks - Regional subindustry, Summit Financial Group's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio 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.

Summit Financial Group Dividend Payout Ratio Distribution

For the Banks industry and Financial Services sector, Summit Financial Group's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where Summit Financial Group's Dividend Payout Ratio falls into.

Summit Financial Group Dividend Payout Ratio Calculation

Dividend payout ratio measures the percentage of the company's earnings paid out as dividends.

Summit Financial Group's Dividend Payout Ratio for the fiscal year that ended in Dec. 2023 is calculated as

Dividend Payout Ratio	=	Dividends per Share (A: Dec. 2023 )	/	EPS without NRI (A: Dec. 2023 )
	=	0.84	/	4.165
	=	0.20

Summit Financial Group'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 )
	=	0.22	/	1.155
	=	0.19

Summit Financial Group (NAS:SMMF) Dividend Payout Ratio Explanation

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

Summit Financial Group Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of Summit Financial Group's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

Summit Financial Group (Summit Financial Group) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Summit Financial Group Inc (NAS:SMMF) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

300 North Main Street, Moorefield, WV, USA, 26836

Website

http://www.summitfgi.com

Summit Financial Group Inc is a financial holding company. The company provides community banking services in the Eastern Panhandle, Southern, and North Central regions of West Virginia and the Northern, Shenandoah Valley, and Southwestern regions of Virginia. It provides a wide range of community banking services, including demand, savings, and time deposits; commercial, real estate, and consumer loans; trust and wealth management services; and cash management services.

Executives

Gary L Hinkle	director	PO BOX 65, CIRCLEVILLE WV 26804
Jill S Upson	director	336 PEBBLE BEACH DRIVE, CHARLES TOWN WV 25414
Scott C Jennings	director, officer: Senior VP/ COO	PO BOX 438, MOOREFIELD WV 26836
Oscar M Bean	director	PO BOX 179, MOOREFIELD WV 26836
Joseph Hager	officer: EVP & Chief Risk Officer	221 HAYES AVENUE, CHARLESTON WV 25314
Patricia L Owens	officer: Ex. VP & Chief Banking Officer	9328 EAGEL CT, MANASSAS PARK VA 20111
Danyl R Freeman	officer: EVP & Chief Human Resources Of	388 VALLEY VIEW ROAD, MOOREFIELD WV 26836
Angela R Zirk	officer: EVP & Chief Experience Officer	PO BOX 23, OLD FIELDS WV 26845
Lauren N. Kimlel	officer: EVP & Chief Banking Officer	22453 INDIAN POINT ROAD, BOZMAN MD 21612
David Wilson	director	POST OFFICE BOX 2707, EASTON MD 21601
John H Shott	director	PO BOX 407, BLUEFIELD WV 24701
Jason A Kitzmiller	director	8070 LUNICE CREEK, MAYSVILLE WV 26833
Charles Pieirillo	director	PO BOX 38, MADISON WV 25130
James M Cookman	director	PO BOX 179, MOOREFIELD WV 26836
Georgette R. George	director	PO BOX 8523, CHARLESTON WV 25303