Why 1st Source (SRCE) is a Top Dividend Stock for Your Portfolio

Company Overview - 1st Source (SRCE) is headquartered in South Bend and has experienced a price change of 14.44% this year [3] - The company currently pays a dividend of $0.36 per share, resulting in a dividend yield of 2.16%, which is lower than the Banks - Midwest industry's yield of 2.9% and the S&P 500's yield of 1.54% [3] Dividend Performance - The annualized dividend of 1st Source is$ 1.44, reflecting a 2.9% increase from the previous year [4] - Over the past five years, the company has increased its dividend four times, achieving an average annual increase of 5.14% [4] - The current payout ratio is 26%, indicating that the company paid out 26% of its trailing 12-month earnings per share as dividends [4] Earnings Growth - The Zacks Consensus Estimate for 1st Source's earnings per share for 2025 is $5.82, representing a year-over-year growth rate of 6.01% [5] Investment Appeal - 1st Source is considered an attractive dividend play and a compelling investment opportunity, currently holding a Zacks Rank of 1 (Strong Buy) [7]