SRCE Raises Quarterly Dividend 4.65% to $0.45, Extending Growth Streak

SRCE (1st Source Corporation) has announced a quarterly dividend increase of 4.65%, raising the payout to $0.4500 per share from the previous $0.4300. The new dividend is payable to shareholders of record as of the ex-dividend date, which is set for 2026-08-04. This marks the company's continued commitment to returning value to its shareholders.

The numbers

The new quarterly dividend of $0.4500 translates to an annualized rate of $1.80 per share, based on the current quarterly schedule. At the current price of $90.82, the trailing twelve-month (TTM) yield stands at 1.85%, with TTM dividend per share of $1.6800. The company has demonstrated a solid growth trajectory, with a 5-year dividend compound annual growth rate (CAGR) of 6.1%. This increase extends the streak of consecutive annual dividend increases to 9 years. Recent payment history shows a clear upward trend: $0.38 per share in May and August 2025, $0.40 in November 2025 and February 2026, and $0.43 in May 2026, now followed by $0.45 in August 2026.

What it means for income investors

For income-focused investors, this raise implies an additional $0.02 per share per quarter compared to the previous rate. On a per-100-share basis, the new quarterly dividend amounts to $45.00, up from $43.00, resulting in an extra $8.00 annually. This consistent growth, coupled with a modest yield, may appeal to those seeking gradual income increases. However, investors should consider their own financial goals and risk tolerance.

Reporting based on: DividendSmart market data. Figures verified against market data where available.