German American Bancorp, Inc. (NASDAQ:GABC) Declares Quarterly Dividend of $0.31

Key Points

• German American Bancorp declared a quarterly dividend of $0.31 per share, payable November 20 to shareholders of record on November 10. The dividend implies $1.24 in annual payments and a 2.4% yield.
• The bank has increased its dividend for 13 consecutive years, with a 34.2% payout ratio indicating earnings coverage. Analysts expect a future payout ratio of approximately 30%.
• German American Bancorp reported quarterly earnings of $1.03 per share, exceeding analyst expectations of $1.01, while revenue of $103.68 million also topped estimates.

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) announced a quarterly dividend on Monday, October 26th. Shareholders of record on Tuesday, November 10th will be paid a dividend of $0.31 per share by the bank on Friday, November 20th. This represents a $1.24 annualized dividend and a yield of 2.4%. The ex-dividend date of this dividend is Tuesday, November 10th.

German American Bancorp has raised its dividend by an average of 0.1% per year over the last three years and has raised its dividend annually for the last 13 consecutive years. German American Bancorp has a payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Equities research analysts expect German American Bancorp to earn $4.13 per share next year, which means the company should continue to be able to cover its $1.24 annual dividend with an expected future payout ratio of 30.0%.

German American Bancorp Price Performance

GABC opened at $51.11 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.86 and a debt-to-equity ratio of 0.14. The stock has a market capitalization of $1.92 billion, a P/E ratio of 13.49 and a beta of 0.61. The stock has a 50-day moving average price of $49.51 and a 200-day moving average price of $45.47. German American Bancorp has a 12-month low of $37.73 and a 12-month high of $52.23.

German American Bancorp (NASDAQ:GABC - Get Free Report) last announced its quarterly earnings data on Monday, October 26th. The bank reported $1.03 earnings per share for the quarter, beating analysts' consensus estimates of $1.01 by $0.02. The company had revenue of $103.68 million for the quarter, compared to analysts' expectations of $102.65 million. German American Bancorp had a return on equity of 12.14% and a net margin of 28.25%. Equities analysts predict that German American Bancorp will post 3.92 earnings per share for the current fiscal year.

German American Bancorp Company Profile

German American Bancorp, Inc is a financial holding company headquartered in Jasper, Indiana. Through its principal subsidiary, German American Bank, the company provides banking, wealth management, and insurance services to individuals, families, farmers, and businesses.

German American Bank offers deposit accounts, residential and commercial real estate loans, agricultural financing, commercial loans, consumer loans, mortgage services, and other traditional banking products. Its wealth management operations provide trust administration, investment management, financial planning, and related services, while its insurance business offers personal and commercial insurance products.

Founded in 1910, German American Bancorp has built a community banking franchise serving southern Indiana and neighboring communities in Kentucky and Ohio.

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