Glacier Bancorp, Inc. (NYSE:GBCI – Get Free Report) announced a quarterly dividend on Tuesday, September 22nd. Shareholders of record on Tuesday, October 6th will be paid a dividend of 0.35 per share on Thursday, October 15th. This represents a c) annualized dividend and a yield of 3.2%. The ex-dividend date is Tuesday, October 6th. This is a 6.1% increase from Glacier Bancorp’s previous quarterly dividend of $0.33.
Glacier Bancorp has decreased its dividend by an average of 0.0%annually over the last three years. Glacier Bancorp has a dividend payout ratio of 45.2% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Glacier Bancorp to earn $3.57 per share next year, which means the company should continue to be able to cover its $1.32 annual dividend with an expected future payout ratio of 37.0%.
Glacier Bancorp Stock Down 0.1%
Glacier Bancorp stock opened at $44.10 on Thursday. Glacier Bancorp has a twelve month low of $39.90 and a twelve month high of $54.58. The firm has a 50 day moving average price of $48.05 and a 200-day moving average price of $47.86. The company has a market capitalization of $5.74 billion, a P/E ratio of 18.07 and a beta of 0.72. The company has a quick ratio of 0.84, a current ratio of 0.84 and a debt-to-equity ratio of 0.06.
About Glacier Bancorp
Glacier Bancorp, Inc is a regional bank holding company headquartered in Kalispell, Montana. Through its banking subsidiaries and community banking divisions, the company provides financial services to individuals, families, businesses and organizations, with a focus on relationship-based community banking.
Its products and services include checking and savings accounts, certificates of deposit, residential and commercial real estate lending, consumer loans, commercial and agricultural loans, online and mobile banking, treasury management and other business banking services.
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