Eastern Bankshares Dividend

What is Eastern Bankshares's current dividend yield, its reliability and sustainability?

Dividend Score

3/6

Dividend Score 3/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Future Dividend Coverage


2.09%

Current Dividend Yield

Dividend Yield vs Market

Eastern Bankshares Dividend Yield vs Market
How does EBC dividend yield compare to the market?
SegmentDividend Yield
Company (EBC)2.1%
Market Bottom 25% (US)1.5%
Market Top 25% (US)4.3%
Industry Average (Banks)3.0%
Analyst forecast in 3 Years (EBC)2.4%

Notable Dividend: EBC's dividend (2.09%) is higher than the bottom 25% of dividend payers in the US market (1.53%).

High Dividend: EBC's dividend (2.09%) is low compared to the top 25% of dividend payers in the US market (4.32%).


Stability and Growth of Payments

How stable has Eastern Bankshares's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
12/31/20240.523
12/31/20230.463
12/31/20220.43
11/29/20220.42.09
10/31/20220.42.11
8/1/20220.41.96
5/2/20220.42.1
1/31/20220.41.9
1/27/20220.41.95
11/1/20210.321.54
10/28/20210.321.55
4/8/20210.321.58
3/29/20210.241.24
1/29/20210.241.36

Stable Dividend: Whilst dividend payments have been stable, EBC has been paying a dividend for less than 10 years.

Growing Dividend: EBC's dividend payments have increased, but the company has only paid a dividend for 2 years.


Current Payout to Shareholders

Earnings Coverage: With its reasonably low payout ratio (33.2%), EBC's dividend payments are well covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: EBC's dividends in 3 years are forecast to be well covered by earnings (29.2% payout ratio).


Discover strong dividend paying companies