Glacier Bancorp (GBCI) will raise its quarterly dividend by another 7.4 percent to 29 cents per share in Q4 of 2019. This year marks the 8th consecutive year of annual dividend increases by the financial company.

The next dividend is payable on October 17, 2019, to owners of record on October 8, 2019. A new annual rate of $1.16 per share yields 2.9% at a stock price of $40.

Glacier Bancorp, Inc. provides commercial banking services. The company offers a wide range of banking products and services, including retail banking business banking, real estate, commercial, agriculture, consumer and municipal loans; and mortgage origination services. The company serves individuals, small to medium-sized businesses, community organizations and public entities. Glacier Bancorp is the parent company for Glacier Bank, Kalispell, and its bank divisions: Bank of the San Juans (Durango, CO), Citizens Community Bank (Pocatello, ID), Collegiate Peaks Bank (Buena Vista, CO), First Bank of Montana (Lewistown, MT), First Bank (Powell, WY), First Community Bank Utah (Layton, UT), First Security Bank of Bozeman (MT), First Security Bank of Missoula (MT), First State Bank (Wheatland, WY), Mountain West Bank (Coeur d’Alene, ID), North Cascades Bank (Chelan, WA), The Foothills Bank (Yuma, AZ), Valley Bank of Helena (MT), and Western Security Bank (Billings, MT).