1st Source (SRCE) will hike its quarterly dividend by 3.6 percent to 29 cents per share in 2021. Last year the dividend was cut by 3.4 percent from 29 cents to 28 cents per share. The company previously 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 February 2, 2021 and will be paid on February 12, 2021. A new annual rate of $1.16 per share yields 2.8% at a stock price of $41.40. Christopher J. Murphy III, Chairman, President and Chief Executive Officer, commented, “Given the unique challenges presented by the COVID-19 pandemic during 2020, I am proud of my colleagues for keeping themselves and our clients safe while delivering great client service. We helped our communities and clients by providing over 3,500 Paycheck Protection Program (PPP) loans for over $597 million, keeping businesses going and people employed. At the end of the year, $236 million of these loans had been forgiven. Over half ...