Glacier Bancorp (GBCI) will raise its quarterly dividend by 3.1 percent to 33 cents per share in 2022. This comes after a double increase for a total of 6.7 percent announced in 2021. Earlier this year GBCI also paid a 10 cents special dividend that was announced on December 29. Glacier Bancorp has now announced a dividend hike for 11 consecutive years.

The next GBCI dividend is payable on April 21, 2022, to owners of record on April 12, 2022. The regular annual rate of $1.32 per share yields 2.6% at a stock price of $50.28. The company has declared 148 consecutive quarterly dividends and has increased the dividend 49 times. The annual dividend outflow to shareholders for Glacier Bancorp will jump to an estimated $146 million if we include this new 2022 dividend hike just announced.

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).