Zions Rewards Shareholders With 4.9% Dividend Hike, Stock Up

Shares of Zions Bancorporation (ZION) gained 1.7% on Monday as the company hiked its quarterly cash dividend by 4.9% to 43 cents per share. The dividend will be paid out on Nov. 21, 2024, to shareholders of record as of Nov. 15.Before this, the bank increased its dividend by 7.9% to 41 cents per share in July 2022. The bank has increased its dividend thrice in the last five years, with a dividend payout ratio of 33%.Based on its closing price of $52.02 as of Nov. 5, ZION’s current dividend yield is 3.3%.Zio ...