Summit Financial Group Dividend
Dividend criteria checks 2/6
Summit Financial Group is a dividend paying company with a current yield of 4.1% that is well covered by earnings. Next payment date is on 30 Jun 2023 with an ex-dividend date of 14 Jun 2023.
Key information
4.1%
Dividend yield
18%
Payout ratio
| Industry average yield | 3.7% |
| Next dividend pay date | 30 Jun 23 |
| Ex dividend date | 14 Jun 23 |
| Dividend per share | US$0.80 |
| Earnings per share | US$4.28 |
| Dividend yield forecast in 3Y | 4.1% |
Recent dividend updates
Recent updates
Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year's
Aug 29
Summit Financial raises dividend by 11% to $0.20
Aug 25Summit Financial Q2 GAAP EPS, revenue up Y/Y
Jul 28Summit Financial Group (NASDAQ:SMMF) Will Pay A Dividend Of US$0.18
Jun 03Summit Financials: Reasonably Priced With Acquisition Upside
Jan 19Summit Financial Group (NASDAQ:SMMF) Will Pay A Larger Dividend Than Last Year At US$0.18
Nov 23Summit Financial Group's (NASDAQ:SMMF) Shareholders Will Receive A Bigger Dividend Than Last Year
Sep 02Summit Financial declares $0.17 dividend
May 28Some Shareholders May find It Hard To Increase Summit Financial Group, Inc.'s (NASDAQ:SMMF) CEO Compensation This Year
May 14If You Like EPS Growth Then Check Out Summit Financial Group (NASDAQ:SMMF) Before It's Too Late
May 07How Does Summit Financial Group, Inc. (NASDAQ:SMMF) Stand Up To These Simple Dividend Safety Checks?
Apr 02Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend
Mar 07Shareholders Of Summit Financial Group (NASDAQ:SMMF) Must Be Happy With Their 87% Return
Feb 22Summit Financial reports Q4 results
Feb 01Is Summit Financial Group, Inc. (NASDAQ:SMMF) Popular Amongst Insiders?
Jan 26What Can We Conclude About Summit Financial Group's (NASDAQ:SMMF) CEO Pay?
Dec 30
Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend
Dec 09Independent Director Gary Hinkle Just Bought 1.2% More Shares In Summit Financial Group, Inc. (NASDAQ:SMMF)
Dec 06Upcoming Dividend Payment
Dividend Yield vs Market
| Summit Financial Group Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (SMMF) | 4.1% |
| Market Bottom 25% (US) | 1.7% |
| Market Top 25% (US) | 5.2% |
| Industry Average (Banks) | 3.7% |
| Analyst forecast in 3 Years (SMMF) | 4.1% |
Notable Dividend: SMMF's dividend (4.08%) is higher than the bottom 25% of dividend payers in the US market (1.71%).
High Dividend: SMMF's dividend (4.08%) is low compared to the top 25% of dividend payers in the US market (5.15%).
Stability and Growth of Payments
| Month | Dividend Per Share (annual) | Avg. Yield (%) |
|---|---|---|
| 12/31/2024 | 0.8 | 4.1% |
| 12/31/2023 | 0.8 | 4.1% |
| 5/30/2023 | 0.8 | 4.1% |
| 2/27/2023 | 0.8 | 4% |
| 1/26/2023 | 0.8 | 3.1% |
| 8/27/2022 | 0.8 | 2.9% |
| 8/4/2022 | 0.72 | 2.4% |
| 7/28/2022 | 0.72 | 2.4% |
| 3/1/2022 | 0.72 | 2.7% |
| 11/18/2021 | 0.72 | 2.7% |
| 8/27/2021 | 0.72 | 2.9% |
| 5/28/2021 | 0.68 | 3% |
| 2/25/2021 | 0.68 | 2.7% |
| 11/19/2020 | 0.68 | 3.1% |
| 8/28/2020 | 0.68 | 4% |
| 5/21/2020 | 0.68 | 4.3% |
| 2/27/2020 | 0.68 | 3.9% |
| 11/21/2019 | 0.6 | 2.3% |
| 8/30/2019 | 0.6 | 2.3% |
| 5/24/2019 | 0.6 | 2.3% |
| 3/1/2019 | 0.56 | 2.2% |
| 11/30/2018 | 0.56 | 2.6% |
| 8/28/2018 | 0.52 | 2.3% |
| 5/25/2018 | 0.52 | 2% |
| 2/22/2018 | 0.52 | 2% |
| 11/22/2017 | 0.44 | 1.7% |
| 8/25/2017 | 0.44 | 1.7% |
| 6/2/2017 | 0.44 | 2% |
| 2/24/2017 | 0.44 | 2% |
| 12/2/2016 | 0.4 | 1.5% |
| 8/29/2016 | 0.4 | 1.9% |
| 5/31/2016 | 0.4 | 2.2% |
| 2/29/2016 | 0.4 | 2.4% |
| 11/20/2015 | 0.32 | 2.7% |
| 8/24/2015 | 0.32 | 2.8% |
| 5/29/2015 | 0.32 | 2.7% |
| 3/2/2015 | 0.32 | 2.7% |
Stable Dividend: Whilst dividend payments have been stable, SMMF has been paying a dividend for less than 10 years.
Growing Dividend: SMMF's dividend payments have increased, but the company has only paid a dividend for 8 years.
Current Payout to Shareholders
Earnings Coverage: With its low payout ratio (18.2%), SMMF's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.