Sturgis Bancorp Dividends and Buybacks
Dividend criteria checks 4/6
Sturgis Bancorp is a dividend paying company with a current yield of 3.73% that is well covered by earnings. Next payment date is on 13th December, 2024 with an ex-dividend date of 15th November, 2024.
Key information
3.7%
Dividend yield
n/a
Buyback Yield
| Total Shareholder Yield | n/a |
| Future Dividend Yield | n/a |
| Dividend Growth | 7.4% |
| Next dividend pay date | 13 Dec 24 |
| Ex dividend date | 15 Nov 24 |
| Dividend per share | US$0.680 |
| Payout ratio | 70% |
Recent dividend and buyback updates
Recent updates
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: STBI's dividends per share have been stable in the past 10 years.
Growing Dividend: STBI's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Sturgis Bancorp Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (STBI) | 3.7% |
| Market Bottom 25% (US) | 1.4% |
| Market Top 25% (US) | 4.3% |
| Industry Average (Banks) | 2.5% |
| Analyst forecast (STBI) (up to 3 years) | n/a |
Notable Dividend: STBI's dividend (3.73%) is higher than the bottom 25% of dividend payers in the US market (1.38%).
High Dividend: STBI's dividend (3.73%) is low compared to the top 25% of dividend payers in the US market (4.32%).
Current Payout to Shareholders
Earnings Coverage: With its reasonable payout ratio (69.9%), STBI's dividend payments are 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.