1st Source (1st Source) Dividend Payout Ratio : 0.30 (As of Dec. 2023)

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What is 1st Source Dividend Payout Ratio?

1st Source's dividend payout ratio for the months ended in Dec. 2023 was 0.30.

The historical rank and industry rank for 1st Source's Dividend Payout Ratio or its related term are showing as below:

SRCE' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.26 Med: 0.3 Max: 0.36
Current: 0.26

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.

SRCE's Dividend Payout Ratio is ranked better than
67.34% of 1090 companies
in the Banks industry
Industry Median: 0.34 vs SRCE: 0.26

As of today (2024-04-25), the Dividend Yield % of 1st Source is 2.60%.

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

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

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.

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.

The growth rate is calculated with least square regression.

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

1st Source Dividend Payout Ratio Historical Data

The historical data trend for 1st Source'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.

1st Source Dividend Payout Ratio Chart

1st Source Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

Dividend Payout Ratio

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0.31

0.36

0.26

1st Source 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															0.26	0.26	0.25	0.24	0.30

Competitive Comparison of 1st Source's Dividend Payout Ratio

For the Banks - Regional subindustry, 1st Source'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.

1st Source's Dividend Payout Ratio Distribution in the Banks Industry

For the Banks industry and Financial Services sector, 1st Source's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where 1st Source's Dividend Payout Ratio falls into.

1st Source Dividend Payout Ratio Calculation

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

1st Source'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 )
	=	1.3	/	5.03
	=	0.26

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

1st Source (NAS:SRCE) 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.

1st Source Dividend Payout Ratio Related Terms

Thank you for viewing the detailed overview of 1st Source's Dividend Payout Ratio provided by GuruFocus.com. Please click on the following links to see related term pages.

1st Source (1st Source) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » 1st Source Corp (NAS:SRCE) » Definitions » Dividend Payout Ratio

Comparable Companies

Traded in Other Exchanges

N/A

Address

100 North Michigan Street, South Bend, IN, USA, 46601

Website

https://www.1stsource.com

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