The bank raises its quarterly payout by 4.7% to $0.45, marking a yield of 2.16% for shareholders.
1st Source Corporation increased its quarterly dividend to $0.45 per share, a 4.7% rise from the previous $0.43 payout. The move reflects the bank’s ongoing commitment to returning value to shareholders amid stable financial performance.
The prior dividend stood at $0.43, with the new rate yielding 2.16% based on current share prices. The dividend is payable on August 14 to shareholders of record as of August 4, with the ex-dividend date also set for August 4.
The announcement underscores 1st Source’s dividend growth strategy, though no immediate market reaction was specified in the release.