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Eastern Bankshares (Eastern Bankshares) Dividend Yield % : 3.21% (As of May. 02, 2024)


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What is Eastern Bankshares Dividend Yield %?

As of today (2024-05-02), the Trailing Annual Dividend Yield of Eastern Bankshares is 3.21%.

Good Sign:

Eastern Bankshares Inc stock dividend yield is close to 5-year high.

The historical rank and industry rank for Eastern Bankshares's Dividend Yield % or its related term are showing as below:

EBC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.26   Med: 1.92   Max: 3.67
Current: 3.21

During the past 6 years, the highest Dividend Yield of Eastern Bankshares was 3.67%. The lowest was 0.26%. And the median was 1.92%.

EBC's Dividend Yield % is ranked worse than
62.39% of 1207 companies
in the Banks industry
Industry Median: 3.99 vs EBC: 3.21

Eastern Bankshares's Dividend Payout Ratio for the three months ended in Dec. 2023 was 1.10.

During the past 6 years, the highest Dividend Payout Ratio of Eastern Bankshares was 0.45. The lowest was 0.31. And the median was 0.33.

As of today (2024-05-02), the Forward Dividend Yield % of Eastern Bankshares is 3.35%.

Eastern Bankshares's Dividends per Share for the three months ended in Dec. 2023 was $0.11.

During the past 12 months, Eastern Bankshares's average Dividends Per Share Growth Rate was 2.50% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.


Eastern Bankshares Dividend Yield % Historical Data

The historical data trend for Eastern Bankshares's Dividend Yield % can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Eastern Bankshares Dividend Yield % Chart

Eastern Bankshares Annual Data
Trend Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Get a 7-Day Free Trial - - 1.49 2.31 2.89

Eastern Bankshares Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Dividend Yield % Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 3.17 3.27 3.19 2.89 3.05

Competitive Comparison of Eastern Bankshares's Dividend Yield %

For the Banks - Regional subindustry, Eastern Bankshares's Dividend Yield %, along with its competitors' market caps and Dividend Yield % data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Eastern Bankshares's Dividend Yield % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Eastern Bankshares's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Eastern Bankshares's Dividend Yield % falls into.



Eastern Bankshares Dividend Yield % Calculation

Dividend Yield measures how much a company pays out in dividends each year relative to its share price.

Eastern Bankshares Recent Full-Year* Dividend History

Amount Ex-date Record Date Pay Date Type Frequency Forex Rate
USD 0.1100002024-02-292024-03-012024-03-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.1100002023-11-302023-12-012023-12-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.1000002023-08-312023-09-012023-09-15Cash DividendquarterlyUSD:USD 1.000000
USD 0.1000002023-06-012023-06-022023-06-15Cash DividendquarterlyUSD:USD 1.000000

* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.

Eastern Bankshares's Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.42/13.24
=3.17 %

Current Share Price is $13.24.
Eastern Bankshares's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.42.

Eastern Bankshares's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.44/13.24
=3.32 %

Current Share Price is $13.24.
Eastern Bankshares's Dividends per Share for the forward twelve months is calculated as $0.11 * 4 = $0.44.

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.


Eastern Bankshares  (NAS:EBC) Dividend Yield % Explanation

Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.

Dividends may also qualify a lower tax rate for investors.

In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.


Eastern Bankshares Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Eastern Bankshares's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Eastern Bankshares (Eastern Bankshares) Business Description

Traded in Other Exchanges
N/A
Address
265 Franklin Street, Boston, MA, USA, 02110
Eastern Bankshares Inc is a commercial bank that caters its products and services to retail, commercial, and small business customers. Its diversified products and services include lending, deposit, wealth management, and insurance products. The company has two operating segments; Banking business offers a range of commercial, retail, wealth management, and banking services, and consists of attracting deposits from the general public and investing those deposits, together with borrowings and funds generated from operations and the Insurance agency business segment consist of insurance-related activities, acting as an independent agent in offering commercial, personal and employee benefits insurance products to individual and commercial clients.
Executives
Nancy Huntington Stager officer: Executive VP 42 AUTUMN LANE, READING MA 01867
Quincy Lee Miller officer: President 3 BEECHWOOD LANE, MILTON MA 02186
Linda Marie Williams director C/O SMILEDIRECTCLUB, INC., 414 UNION STREET, NASHVILLE TN 37219
Marisa Harney director C/O CIT GROUP INC., 1 CIT DRIVE, #3251-9, LIVINGSTON NJ 07039
Gregory Paul Buscone officer: EVP Sr Commercial Banking Ofcr 86 PINE STREET, MEDFIELD MA 02052
Deborah C Jackson director C/O JOHN HANCOCK, 601 CONGRESS STREET, BOSTON MA 02210
Bari A Harlam director C/O MOHAWK GROUP HOLDINGS, INC., 37 EAST 18TH STREET, 7TH FLOOR, NEW YORK NY 10003
Luis Borgen director 58 SUNSET RIDGE LANE, BOLTON MA 01740
Shell Greg Allen Sr. director 200 CLARENDON STREET, BOSTON MA 02116
James Burke Fitzgerald officer: Chief Financial Officer 108 MOUNT VERNON STREET, APARTMENT 6, BOSTON MA 02108
Sujata Yadav officer: EVP, Chief Marketing Officer 19 ORCHARD LANE, LYNNFIELD MA 01940
Matthew Adam Osborne officer: EVP Sr Commercial Banking Ofcr 11 RAVEN ROAD, CANTON MA 02021
Martha A Dean officer: EVP, Dir. of Operations C/O CNB FINANCIAL CORP., P.O. BOX 830, WORCESTER MA 01613-0830
Daniel J Sullivan officer: Chief Credit Officer 4 KENSINGTON AVENUE, READING MA 01867
Kathleen Cloherty Henry officer: Executive VP, General Counsel 58 MONTCLAIR AVENUE, WEST ROXBURY MA 02132

Eastern Bankshares (Eastern Bankshares) Headlines

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