Summit Financial Group, Inc.

NasdaqGS:SMMF Stock Report

Mkt Cap: US$250.7m

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 yield3.7%
Next dividend pay date30 Jun 23
Ex dividend date14 Jun 23
Dividend per shareUS$0.80
Earnings per shareUS$4.28
Dividend yield forecast in 3Y4.1%

Recent dividend updates

Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year's

Aug 29
Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year's

Recent updates

Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year's

Aug 29
Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend Will Be Larger Than Last Year's

Summit Financial raises dividend by 11% to $0.20

Aug 25

Summit Financial Q2 GAAP EPS, revenue up Y/Y

Jul 28

Summit Financial Group (NASDAQ:SMMF) Will Pay A Dividend Of US$0.18

Jun 03
Summit Financial Group (NASDAQ:SMMF) Will Pay A Dividend Of US$0.18

Summit Financials: Reasonably Priced With Acquisition Upside

Jan 19

Summit Financial Group (NASDAQ:SMMF) Will Pay A Larger Dividend Than Last Year At US$0.18

Nov 23
Summit Financial Group (NASDAQ:SMMF) Will Pay A Larger Dividend Than Last Year At US$0.18

Summit Financial Group's (NASDAQ:SMMF) Shareholders Will Receive A Bigger Dividend Than Last Year

Sep 02
Summit Financial Group's (NASDAQ:SMMF) Shareholders Will Receive A Bigger Dividend Than Last Year

Summit Financial declares $0.17 dividend

May 28

Some Shareholders May find It Hard To Increase Summit Financial Group, Inc.'s (NASDAQ:SMMF) CEO Compensation This Year

May 14
Some Shareholders May find It Hard To Increase Summit Financial Group, Inc.'s (NASDAQ:SMMF) CEO Compensation This Year

If You Like EPS Growth Then Check Out Summit Financial Group (NASDAQ:SMMF) Before It's Too Late

May 07
If You Like EPS Growth Then Check Out Summit Financial Group (NASDAQ:SMMF) Before It's Too Late

How Does Summit Financial Group, Inc. (NASDAQ:SMMF) Stand Up To These Simple Dividend Safety Checks?

Apr 02
How Does Summit Financial Group, Inc. (NASDAQ:SMMF) Stand Up To These Simple Dividend Safety Checks?

Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend

Mar 07
Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend

Shareholders Of Summit Financial Group (NASDAQ:SMMF) Must Be Happy With Their 87% Return

Feb 22
Shareholders Of Summit Financial Group (NASDAQ:SMMF) Must Be Happy With Their 87% Return

Summit Financial reports Q4 results

Feb 01

Is Summit Financial Group, Inc. (NASDAQ:SMMF) Popular Amongst Insiders?

Jan 26
Is Summit Financial Group, Inc. (NASDAQ:SMMF) Popular Amongst Insiders?

What Can We Conclude About Summit Financial Group's (NASDAQ:SMMF) CEO Pay?

Dec 30
What Can We Conclude About Summit Financial Group's (NASDAQ:SMMF) CEO Pay?

Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend

Dec 09
Here's What We Like About Summit Financial Group's (NASDAQ:SMMF) Upcoming Dividend

Independent Director Gary Hinkle Just Bought 1.2% More Shares In Summit Financial Group, Inc. (NASDAQ:SMMF)

Dec 06
Independent Director Gary Hinkle Just Bought 1.2% More Shares In Summit Financial Group, Inc. (NASDAQ:SMMF)

Upcoming Dividend Payment

TodayMay 31 2023Ex Dividend DateJun 14 2023Dividend Pay DateJun 30 202316 days from Ex DividendBuy in the next 14 days to receive the upcoming dividend

Dividend Yield vs Market

Summit Financial Group Dividend Yield vs Market
How does SMMF dividend yield compare to the market?
SegmentDividend 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

How stable has Summit Financial Group's dividend per share been in the past?
MonthDividend Per Share (annual)Avg. Yield (%)
12/31/20240.84.1%
12/31/20230.84.1%
5/30/20230.84.1%
2/27/20230.84%
1/26/20230.83.1%
8/27/20220.82.9%
8/4/20220.722.4%
7/28/20220.722.4%
3/1/20220.722.7%
11/18/20210.722.7%
8/27/20210.722.9%
5/28/20210.683%
2/25/20210.682.7%
11/19/20200.683.1%
8/28/20200.684%
5/21/20200.684.3%
2/27/20200.683.9%
11/21/20190.62.3%
8/30/20190.62.3%
5/24/20190.62.3%
3/1/20190.562.2%
11/30/20180.562.6%
8/28/20180.522.3%
5/25/20180.522%
2/22/20180.522%
11/22/20170.441.7%
8/25/20170.441.7%
6/2/20170.442%
2/24/20170.442%
12/2/20160.41.5%
8/29/20160.41.9%
5/31/20160.42.2%
2/29/20160.42.4%
11/20/20150.322.7%
8/24/20150.322.8%
5/29/20150.322.7%
3/2/20150.322.7%

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.


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