Signature Bank As of January 30, 2023 ticker dps (an.) 2023 hike 2022 hike 2021 hike
SBNY $2.80 25.0% 0.0% 0.0%
Business yield Hike yrs 5 yr CAGR freq. paid since
Regional Banks 2.3% 1 4.6% Quarter 2018

On January 17, 2023, Signature Bank (trading symbol SBNY) declared an increased quarterly dividend of $0.70 per share, up from $0.56 per share previously. This is the first ever dividend hike announced by the bank. The dividend yield for SNBY is 2.3% at a stock price of $121.

The Bank Declared a Cash Dividend of $0.70 Per Share, an Increase of $0.14 Per Share, Payable on or After February 10, 2023 to Common Shareholders of Record at the Close of Business on January 27, 2023. The Bank Also Declared a Cash Dividend of $12.50 Per Share Payable on or After March 30, 2023 to Preferred Shareholders of Record at the Close of Business on March 17, 2023.

Signature Bank, member FDIC, is a New York-based full-service commercial bank with 40 private client offices throughout the metropolitan New York area, as well as those in Connecticut, California, Nevada and North Carolina. Through its single-point-of-contact approach, the Bank’s private client banking teams primarily serve the needs of privately owned businesses, their owners and senior managers. The Bank has two wholly owned subsidiaries: Signature Financial, LLC, provides equipment finance and leasing; and, Signature Securities Group Corporation, a licensed broker-dealer, investment adviser and member FINRA/SIPC, offers investment, brokerage, asset management and insurance products and services.

Dividend Calendar

Look at the complete list of upcoming events
Ex-date Ticker Yield YTD hike
Feb 01 FAST 2.8% 12.9%
Feb 02 BRO 0.8% 0.0%
Feb 02 NSC 2.3% 8.9%
Feb 02 WFC 2.6% 0.0%
Feb 02 LW 1.1% 0.0%
Feb 02 COST 0.7% 0.0%
Feb 03 BKR 2.5% 0.0%
Feb 03 C 3.9% 0.0%
Feb 03 COF 2.1% 0.0%
Feb 06 AWK 1.7% 0.0%