Empowering Shareholders with Growth: Horizon Bancorp Enhances Performance and Reports Rising Profits
Portfolio Pulse from Benzinga Insights
Horizon Bancorp (NASDAQ:HBNC) is distributing a dividend of $0.16 per share with an annualized yield of 4.70%. The dividend is for shareholders who held the stock before January 04, 2024. The company has shown a positive trend in dividend per share growth from $0.48 in 2020 to $0.64 in 2023, and earnings per share growth from $1.42 in 2020 to $1.69 in 2023, indicating a strong financial health and commitment to enhancing shareholder value. Heritage Commerce (NASDAQ:HTBK) has the highest annualized dividend yield in the industry at 5.59%.
January 19, 2024 | 3:05 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Heritage Commerce has the highest annualized dividend yield in the industry at 5.59%, which is higher than Horizon Bancorp's yield, potentially making it an attractive option for dividend-seeking investors.
While the article mentions Heritage Commerce's higher dividend yield, it does not provide specific financial data or changes in dividend policy for HTBK. Therefore, the impact on HTBK's stock price is neutral in the short term, as the information is comparative rather than indicative of a change in HTBK's dividend policy.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
POSITIVE IMPACT
Horizon Bancorp is paying out a dividend of $0.16 per share, showing a healthy increase in dividends and earnings per share over the past years, indicating a strong financial position and commitment to shareholder value.
The consistent increase in dividends and earnings per share suggests that Horizon Bancorp is in a strong financial position, which is likely to be viewed positively by investors. This could lead to a short-term positive impact on the stock price as it reflects the company's ability to sustain and potentially increase its dividend payouts.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100