Ameris Bancorp Rewards Shareholders With a 33.3% Dividend Hike
TBBKThe Bancorp(TBBK) ZACKS·2024-12-19 22:45

Ameris Bancorp (ABCB) hiked its quarterly cash dividend by 33.3% to 20 cents per share. The dividend will be paid out on Jan. 6, 2025, to shareholders of record as of Dec. 31.This is ABCB’s first dividend hike in the last five years. Before the recent hike, the bank increased its dividend by 50% to 15 cents per share in September 2019. It has a dividend payout ratio of 13%.Based on its closing price of $62.08 as of Dec. 18, ABCB’s forward dividend yield considering the increased payout is 1.3%.Ameris Bancor ...