KALISPELL, Mont. – Glacier Bancorp , Inc. (NYSE: NYSE:GBCI), a regional bank holding company, announced today that its Board of Directors has declared a quarterly cash dividend of $0.33 per share. This dividend is set to be paid on April 18, 2024, to shareholders of record as of April 9, 2024.
This latest dividend marks the company’s 156th consecutive quarterly dividend. Over the years, Glacier Bancorp has consistently rewarded its shareholders, with the dividend seeing an increase 49 times since the company began its dividend program.
Glacier Bancorp, Inc. serves as the parent company for Glacier Bank and its various bank divisions, which operate across multiple states including Utah, Colorado, Idaho, Montana, Wyoming, Nevada, and Arizona. The company's extensive footprint includes well-known local divisions such as Altabank, Bank of the San Juans, and First Security Bank, among others.
The announcement of the dividend payment follows Glacier Bancorp’s long-standing tradition of providing returns to its investors. The company's commitment to maintaining a steady dividend payout underscores its financial stability and dedication to shareholder value.
The declaration of the dividend was made during a board meeting held today, and the payment will be distributed in the following month. This information is based on a press release statement from Glacier Bancorp, Inc.
InvestingPro Insights
Glacier Bancorp, Inc. (NYSE: GBCI) has demonstrated a solid track record of returning value to shareholders, as evidenced by its recent announcement of a $0.33 per share quarterly cash dividend. This commitment is further underscored by the company's impressive history of maintaining dividend payments for 39 consecutive years, a testament to its financial resilience and investor-friendly approach.
Despite concerns indicated by the recent downward revisions of earnings by five analysts, Glacier Bancorp's financial metrics reflect a company that has navigated challenges effectively. With a market capitalization of $4.52 billion and a price-to-earnings (P/E) ratio of 19.56, which slightly adjusts to 20.19 when looking at the last twelve months as of Q4 2023, the company is positioned at a moderate valuation level relative to its earnings.
InvestingPro data also shows that the company has experienced a significant price increase of 37.65% over the last six months, signaling strong market confidence in its performance. This is coupled with a stable dividend yield of 3.46% as of the last recorded date, which remains an attractive feature for income-focused investors.
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