1st Source cuts dividend by 3.4%
1st Source (SRCE) will cut its quarterly dividend by 3.4 percent from 29 cents to 28 cents per share. The company last raised its quarterly dividend by 7.4 percent to $0.29 per share in Q4 of 2019.
The next dividend is payable to shareholders of record on May 5, 2020 and will be paid on May 15, 2020.. A new annual rate of $1.12 per share yields 3.5% at a stock price of $31.85.
1st Source Corporation is a bank holding company. The company, through its subsidiaries, provides a range of financial products and services. 1st Source Bank also competes for business nationally by offering specialized financing services for new and used private and cargo aircraft, automobiles for leasing and rental agencies, medium and heavy duty trucks, and construction equipment.
The next dividend is payable to shareholders of record on May 5, 2020 and will be paid on May 15, 2020.. A new annual rate of $1.12 per share yields 3.5% at a stock price of $31.85.
1st Source Corporation is a bank holding company. The company, through its subsidiaries, provides a range of financial products and services. 1st Source Bank also competes for business nationally by offering specialized financing services for new and used private and cargo aircraft, automobiles for leasing and rental agencies, medium and heavy duty trucks, and construction equipment.
