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

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

German American Bancorp has increased its dividend by an average of 0.1% per year over the last three years and has raised its dividend every year for the last 13 years. German American Bancorp has a payout ratio of 34.2% indicating that its dividend is sufficiently covered by earnings. Equities 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

Shares of NASDAQ:GABC opened at $51.11 on Tuesday. The company has a market capitalization of $1.92 billion, a P/E ratio of 13.49 and a beta of 0.61. German American Bancorp has a 1-year low of $37.73 and a 1-year high of $52.23. The firm’s 50 day simple moving average is $49.51 and its two-hundred day simple moving average is $45.47. The company has a debt-to-equity ratio of 0.14, a current ratio of 0.86 and a quick ratio of 0.86.

German American Bancorp (NASDAQ:GABC) last announced its quarterly earnings data on Monday, October 26th. The bank reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.01 by $0.02. German American Bancorp had a net margin of 28.25% and a return on equity of 12.14%. The firm had revenue of $103.68 million during the quarter, compared to analysts’ expectations of $102.65 million. Research analysts expect that German American Bancorp will post 3.92 EPS 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.