German American Bancorp, Inc. (NASDAQ:GABC) Plans Quarterly Dividend of $0.29

Key Points

• German American Bancorp, Inc. has declared a quarterly dividend of $0.29 per share, with a scheduled payment date of August 20th for shareholders of record as of August 10th.
• The company reported earnings of $0.86 per share for the last quarter, surpassing the expected $0.83, and it maintains a dividend payout ratio of 32.0% which is comfortably supported by earnings.
• In recent trading, shares of German American Bancorp reached $40.20, with a market capitalization of $1.51 billion, and institutional investors currently hold 46.90% of the company's stock.

German American Bancorp, Inc. (NASDAQ:GABC - Get Free Report) announced a quarterly dividend on Monday, July 28th, Wall Street Journal reports. Shareholders of record on Sunday, August 10th will be paid a dividend of 0.29 per share by the bank on Wednesday, August 20th. This represents a c) annualized dividend and a yield of 3.1%. The ex-dividend date of this dividend is Friday, August 8th.

German American Bancorp has a payout ratio of 32.0% indicating that its dividend is sufficiently covered by earnings. Research analysts expect German American Bancorp to earn $3.66 per share next year, which means the company should continue to be able to cover its $1.16 annual dividend with an expected future payout ratio of 31.7%.

German American Bancorp Stock Performance

GABC stock traded down $0.81 during mid-day trading on Friday, reaching $37.61. The company had a trading volume of 130,268 shares, compared to its average volume of 121,031. German American Bancorp has a one year low of $32.75 and a one year high of $47.08. The stock has a market capitalization of $1.41 billion, a P/E ratio of 14.30 and a beta of 0.62. The company has a quick ratio of 0.86, a current ratio of 0.86 and a debt-to-equity ratio of 0.21. The stock's 50-day simple moving average is $39.08 and its two-hundred day simple moving average is $38.70.

German American Bancorp (NASDAQ:GABC - Get Free Report) last posted its earnings results on Monday, July 28th. The bank reported $0.86 EPS for the quarter, topping the consensus estimate of $0.83 by $0.03. German American Bancorp had a net margin of 20.84% and a return on equity of 12.40%. The firm had revenue of $91.16 million during the quarter, compared to analysts' expectations of $91.93 million. Research analysts anticipate that German American Bancorp will post 3.06 EPS for the current year.

German American Bancorp Company Profile

German American Bancorp, Inc operates as a financial holding company for German American Bank that provides retail and commercial banking services. The company operates through three segments: Core Banking, Wealth Management Services, and Insurance Operations. The Core Banking segment accepts deposits from the general public; and originates consumer, commercial and agricultural, commercial and agricultural real estate, and residential mortgage loans, as well as sells residential mortgage loans in the secondary market.