German American Bancorp, Inc. (GABC) To Go Ex-Dividend on November 10th

German American Bancorp, Inc. (NASDAQ:GABC) announced a quarterly dividend on Monday, October 26th. Investors 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 2.5%. The ex-dividend date is Tuesday, November 10th.

German American Bancorp has increased its dividend payment 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% meaning its dividend is sufficiently covered by earnings. Analysts expect German American Bancorp to earn $4.19 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 29.6%.

German American Bancorp Stock Performance

NASDAQ:GABC opened at $50.08 on Friday. The firm has a 50 day simple moving average of $49.47 and a 200-day simple moving average of $45.91. German American Bancorp has a 1-year low of $37.73 and a 1-year high of $52.39. The firm has a market cap of $1.88 billion, a PE ratio of 12.91 and a beta of 0.62. 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 posted its quarterly earnings results on Monday, October 26th. The bank reported $1.03 EPS for the quarter, beating the consensus estimate of $1.01 by $0.02. German American Bancorp had a return on equity of 12.33% and a net margin of 28.78%. The company had revenue of $103.68 million during the quarter, compared to analysts’ expectations of $102.65 million. On average, equities analysts expect that German American Bancorp will post 3.95 EPS for the current year.

About German American Bancorp

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.