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Horizon Bancorp (IN) (Horizon Bancorp (IN)) 3-Year Dividend Growth Rate

: 10.10% (As of Dec. 2023)
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Horizon Bancorp (IN)'s Dividends per Share for the three months ended in Dec. 2023 was $0.16.

The historical rank and industry rank for Horizon Bancorp (IN)'s 3-Year Dividend Growth Rate or its related term are showing as below:

HBNC' s 3-Year Dividend Growth Rate Range Over the Past 10 Years
Min: 0.4   Med: 9.8   Max: 19
Current: 10.1

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Horizon Bancorp (IN) was 19.00% per year. The lowest was 0.40% per year. And the median was 9.80% per year.

HBNC's 3-Year Dividend Growth Rate is ranked better than
60.98% of 779 companies
in the Banks industry
Industry Median: 7.5 vs HBNC: 10.10

During the past 12 months, Horizon Bancorp (IN)'s average Dividends Per Share Growth Rate was 1.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 10.10% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 10.40% per year. During the past 10 years, the average Dividends Per Share Growth Rate was 13.60% 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.

Horizon Bancorp (IN)'s Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.49. As of today, Horizon Bancorp (IN)'s Dividend Yield % is 5.32%.

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


Competitive Comparison

For the Banks - Regional subindustry, Horizon Bancorp (IN)'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.


Horizon Bancorp (IN) 3-Year Dividend Growth Rate Distribution

For the Banks industry and Financial Services sector, Horizon Bancorp (IN)'s 3-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Horizon Bancorp (IN)'s 3-Year Dividend Growth Rate falls into.



Horizon Bancorp (IN) 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.


Horizon Bancorp (IN)  (NAS:HBNC) 3-Year Dividend Growth Rate Explanation

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

Horizon Bancorp (IN)'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 )
=0.16/ 0.33
=0.48

During the past 13 years, the highest Dividend Payout Ratio of Horizon Bancorp (IN) was 0.42. The lowest was 0.28. And the median was 0.29.

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

Horizon Bancorp (IN) Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1602024-04-042024-04-052024-04-19Cash DividendquarterlyUSD:USD 1.000000
USD 0.1602024-01-042024-01-052024-01-19Cash DividendquarterlyUSD:USD 1.000000
USD 0.1602023-10-052023-10-062023-10-20Cash DividendquarterlyUSD:USD 1.000000
USD 0.1602023-07-062023-07-072023-07-21Cash 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.

Horizon Bancorp (IN)'s Dividend Yield (%) for Today is calculated as

Dividend Yield %=Most Recent Full Year Dividend/Current Share Price
=0.64/12.06
=5.31 %

Current Share Price is $12.06.
Horizon Bancorp (IN)'s Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.64.

During the past 13 years, the highest Dividend Yield of Horizon Bancorp (IN) was 8.06%. The lowest was 1.44%. And the median was 2.37%.

* 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.


Horizon Bancorp (IN) 3-Year Dividend Growth Rate Related Terms>


Horizon Bancorp (IN) (Horizon Bancorp (IN)) Business Description

Traded in Other Exchanges
N/A
Address
515 Franklin Street, Michigan City, IN, USA, 46360
Horizon Bancorp (IN) is a United States-based holding company providing banking services. It is engaged in providing commercial and retail banking services, corporate and individual trust and agency services, and other services incident to banking. The company also provides commercial loans, real estate loans, mortgage warehouse loans, consumer loans, and other credit facilities. In addition, the company provides advances, loans, term loans, overdrafts for various business purposes such as business expansion, purchasing machinery and equipment, business mortgaged and others. The company has one principal business segment, commercial banking. Revenue generated by the company mainly consists of dividends received.
Executives
Susan D Aaron director 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Todd A. Etzler officer: Executive Vice President & GC 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Vanessa Peterson Williams director 999 WEST BIG BEAVER ROAD, TROY MI 48084-4716
Craig M Dwight officer: Chief Executive Officer 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Thomas M Prame officer: President 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Noe S Najera officer: EVP, Sr. Retail & Mort Lending 515 FRANKLIN ST, MICHIGAN CITY IN 46360
Julie Scheck Freigang director 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Michele M. Magnuson director 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
James D Neff officer: President 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Kathie A Deruiter officer: Executive Vice President 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Lynn Kerber officer: EVP & SCCO 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Dennis Kuhn officer: Executive Vice President 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Steven William Reed director 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Peter L Pairitz director 515 FRANKLIN STREET, MICHIGAN CITY IN 46360
Eric P. Blackhurst director 515 FRANKLIN STREET, MICHIGAN CITY IN 46360

Horizon Bancorp (IN) (Horizon Bancorp (IN)) Headlines

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