1st Source Corp (SRCE) Raises Quarterly Dividend 12.5% to $0.27; 2.4% Yield

1st Source Corp (NASDAQ: SRCE) declared a quarterly dividend of $0.27 per share, or $1.08 annualized. This is a 12.5% increase from the prior dividend of $0.24.

The dividend will be payable on May 15, 2019, to stockholders of record on May 6, 2019, with an ex-dividend date of May 3, 2019.

The annual yield on the dividend is 2.4 percent.

“At 1st Source, we value integrity, teamwork, superior quality, outstanding client service, community leadership, true relationship banking and operating with strong capital and reserves. We believe it is these values that differentiate us from our competition, and it seems others have taken notice. In March, we once again received the BauerFinancial ‘Superior’ Five-Star rating - the highest rating possible. BauerFinancial bases its rating on capital ratio, profitability/loss trend, credit quality and CRA ratings. We would not be able to achieve high scores in such categories without conducting our daily business with those values at the core of what we do.

“Our focus on smaller businesses continues to receive recognition across the state of Indiana. For the sixth year in a row, we were honored with the ‘Gold Level Award’ in the Community Lender’s category by the Small Business Administration. This award honors 1st Source Bank as #1 among Indiana Community Banks with less than $10 billion in assets for making the greatest number of SBA loans during 2018. We have devoted over 155 years to serving small businesses and maintain a dedicated SBA department to ensure the highest level of service to our clients, and this recognition confirms our strategic focus is successful.”

For a dividend history and other dividend-related data on 1st Source Corp (SRCE) click here.

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