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0 0 0 0 0 0.00528750826173166 -0.00185062789160611 0.00429610046265694
Stock impact report

Horizon Bancorp's (NASDAQ:HBNC) Dividend Will Be $0.16 [Yahoo! Finance]

Horizon Bancorp, Inc. (HBNC) 
Last horizon bancorp, inc. earnings: 4/29 05:30 pm Check Earnings Report
Company Research Source: Yahoo! Finance
NASDAQ:HBNC ) has announced that it will pay a dividend of $0.16 per share on the 18th of October. The dividend yield will be 4.2% based on this payment which is still above the industry average. Horizon Bancorp Will Pay Out More Than It Is Earning A big dividend yield for a few years doesn't mean much if it can't be sustained. Horizon Bancorp has a long history of paying out dividends, with its current track record at a minimum of 10 years. Despite this history however, the company's latest earnings report actually shows that it didn't have enough earnings to cover its dividends. This is an alarming sign that could mean that Horizon Bancorp's dividend at its current rate may no longer be sustainable for longer. Over the next year, EPS is forecast to expand by 57.7%. Assuming the dividend continues along recent trends, we think the future payout ratio could reach 104%, which probably can't continue putting some pressure on the balance sheet. Horizon Bancorp Has A Solid Track Show less Read more
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