Eastern Bankshares (Eastern Bankshares) Dividend Payout Ratio : 1.10 (As of Dec. 2023)

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What is Eastern Bankshares Dividend Payout Ratio?

Eastern Bankshares's dividend payout ratio for the months ended in Dec. 2023 was 1.10.

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

EBC' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.31 Med: 0.33 Max: 0.41
Current: 0.38

During the past 6 years, the highest Dividend Payout Ratio of Eastern Bankshares was 0.41. The lowest was 0.31. And the median was 0.33.

EBC's Dividend Payout Ratio is ranked worse than
56.51% of 1090 companies
in the Banks industry
Industry Median: 0.34 vs EBC: 0.38

As of today (2024-04-25), the Dividend Yield % of Eastern Bankshares is 3.24%.

During the past 6 years, the highest Trailing Annual Dividend Yield of Eastern Bankshares was 3.67%. The lowest was 0.26%. And the median was 1.90%.

Eastern Bankshares's Dividends per Share for the months ended in Dec. 2023 was $0.11.

During the past 12 months, Eastern Bankshares's average Dividends Per Share Growth Rate was 2.50% per year.

The growth rate is calculated with least square regression.

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

Eastern Bankshares Dividend Payout Ratio Historical Data

The historical data trend for Eastern Bankshares'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.

Eastern Bankshares Dividend Payout Ratio Chart

Eastern Bankshares Annual Data

Trend

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.31

0.33

0.41

Eastern Bankshares 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	Get a 7-Day Free Trial															0.32	0.26	0.36	0.31	1.10

Competitive Comparison of Eastern Bankshares's Dividend Payout Ratio

For the Banks - Regional subindustry, Eastern Bankshares'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.

Eastern Bankshares's Dividend Payout Ratio Distribution in the Banks Industry

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

* The bar in red indicates where Eastern Bankshares's Dividend Payout Ratio falls into.

Eastern Bankshares Dividend Payout Ratio Calculation

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

Eastern Bankshares'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 )
	=	0.41	/	1
	=	0.41

Eastern Bankshares'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 )
	=	0.11	/	0.1
	=	1.10

Eastern Bankshares (NAS:EBC) 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.

Eastern Bankshares Dividend Payout Ratio Related Terms

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

Eastern Bankshares (Eastern Bankshares) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Eastern Bankshares Inc (NAS:EBC) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

265 Franklin Street, Boston, MA, USA, 02110

Website

https://www.easternbank.com

Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has two operating segments; Banking business offers a range of commercial, retail, wealth management, and banking services, and consists of attracting deposits from the general public and investing those deposits, together with borrowings and funds generated from operations and the Insurance agency business segment consist of insurance-related activities, acting as an independent agent in offering commercial, personal and employee benefits insurance products to individual and commercial clients.

Executives

Nancy Huntington Stager	officer: Executive VP	42 AUTUMN LANE, READING MA 01867
Quincy Lee Miller	officer: President	3 BEECHWOOD LANE, MILTON MA 02186
Linda Marie Williams	director	C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Marisa Harney	director	C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Gregory Paul Buscone	officer: EVP Sr Commercial Banking Ofcr	86 PINE STREET, MEDFIELD MA 02052
Deborah C Jackson	director	C/O JOHN HANCOCK, 601 CONGRESS STREET, BOSTON MA 02210
Bari A Harlam	director	C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Luis Borgen	director	58 SUNSET RIDGE LANE, BOLTON MA 01740
Shell Greg Allen Sr.	director	200 CLARENDON STREET, BOSTON MA 02116
James Burke Fitzgerald	officer: Chief Financial Officer	108 MOUNT VERNON STREET, APARTMENT 6, BOSTON MA 02108
Sujata Yadav	officer: EVP, Chief Marketing Officer	19 ORCHARD LANE, LYNNFIELD MA 01940
Matthew Adam Osborne	officer: EVP Sr Commercial Banking Ofcr	11 RAVEN ROAD, CANTON MA 02021
Martha A Dean	officer: EVP, Dir. of Operations	C/O CNB FINANCIAL CORP., P.O. BOX 830, WORCESTER MA 01613-0830
Daniel J Sullivan	officer: Chief Credit Officer	4 KENSINGTON AVENUE, READING MA 01867
Kathleen Cloherty Henry	officer: Executive VP, General Counsel	58 MONTCLAIR AVENUE, WEST ROXBURY MA 02132