
Associated Banc-Corp
ASBFinancial Services · Banks - Regional · Stock · quarterly payer
Forward Yield
3.31%
Annual Dividend
$0.96
Payout Ratio
33%
5-Yr Growth
5.3%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Key facts about ASB's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Associated Banc-Corp (ASB) has a forward dividend yield of 3.31%, based on an annual dividend of $0.96 per share and a share price of $28.96.
- As of Oct 18, 2026, ASB's dividend safety grade from SmarterDividends is A (87 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Associated Banc-Corp (ASB) has raised its dividend for 14 consecutive years as of Oct 18, 2026.
- ASB last cut its regular dividend in 2010.
- ASB's most recent ex-dividend date was Sep 1, 2026, for a dividend of $0.24 per share.
- As of Oct 18, 2026, ASB pays out 33% of its trailing 12-month earnings as dividends (its payout ratio).
- ASB's dividend has grown at an average rate of 5.3% a year over the past five years.
- As of Oct 18, 2026, ASB's 3.31% yield is 16% below its five-year average yield of 3.93%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for ASB is $48.16 per share, 66% above the $28.96 share price, so ASB screens as undervalued.
- Associated Banc-Corp (ASB) pays its dividend quarterly, 4 times a year.
- Associated Banc-Corp (ASB) has raised its regular dividend 39 times and cut it 2 times across the 162 payments on record since 1986. Its most recent change was a 4.3% increase to $0.240 per share, going ex-dividend on Dec 1, 2025. The last cut went ex-dividend on Feb 4, 2010.
Cite this page
SmarterDividends, "ASB Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/ASB
Summary
As of Oct 18, 2026, Associated Banc-Corp (ASB) yields 3.31% ($0.96 a year per share), has a dividend safety grade of A (87/100) and has 14 consecutive years of dividend increases on record.
Is ASB a good dividend stock?
YesAssociated Banc-Corp (ASB) pays a quarterly dividend yielding 3.31% ($0.96/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- 14 consecutive years of dividend growth
- Comfortable payout ratio (33%)
- Strong 5.3% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Cut its dividend in 2010
Key Data
- Dividend Yield
- 3.31%
- Payout Ratio
- 33%
- Annual Dividend
- $0.96
- 5-Yr Avg Growth
- 5.3%
- Ex-Dividend Date
- Sep 1, 2026
- Years of Growth
- 14
- Frequency
- quarterly
- Beta
- 0.81
- Market Cap
- $5.5B
- P/E Ratio
- 10.1
- 5-Yr Total Return
- 32%
- 52-Week Range
- $23.87 – $32.46
- Dividend Safety
- A · 87/100
- Ever Cut?
- Yes (2010)
ASB dividend raises and cuts
Associated Banc-Corp (ASB) has raised its regular dividend 39 times and cut it 2 times across the 162 payments on record since 1986. Its most recent change was a 4.3% increase to $0.240 per share, going ex-dividend on Dec 1, 2025. The last cut went ex-dividend on Feb 4, 2010.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Dec 1, 2025 | Raise | $0.230 → $0.240 | +4.3% |
| Dec 2, 2024 | Raise | $0.220 → $0.230 | +4.5% |
| Nov 30, 2023 | Raise | $0.210 → $0.220 | +4.8% |
| Nov 30, 2022 | Raise | $0.200 → $0.210 | +5.0% |
| Aug 31, 2021 | Raise | $0.180 → $0.200 | +11.1% |
| Nov 29, 2019 | Raise | $0.170 → $0.180 | +5.9% |
| Nov 30, 2018 | Raise | $0.150 → $0.170 | +13.3% |
| Feb 28, 2018 | Raise | $0.140 → $0.150 | +7.1% |
| Nov 30, 2017 | Raise | $0.120 → $0.140 | +16.7% |
| Nov 29, 2016 | Raise | $0.110 → $0.120 | +9.1% |
| Nov 27, 2015 | Raise | $0.100 → $0.110 | +10.0% |
| Nov 26, 2014 | Raise | $0.0900 → $0.100 | +11.1% |
Show all 41 changes since 1986
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Nov 27, 2013 | Raise | $0.0800 → $0.0900 | +12.5% |
| Nov 29, 2012 | Raise | $0.0500 → $0.0800 | +60.0% |
| Feb 28, 2012 | Raise | $0.0100 → $0.0500 | +400.0% |
| Feb 4, 2010 | Cut | $0.0500 → $0.0100 | −80.0% |
| May 5, 2009 | Cut | $0.320 → $0.0500 | −84.4% |
| May 5, 2008 | Raise | $0.310 → $0.320 | +3.2% |
| May 3, 2007 | Raise | $0.290 → $0.310 | +6.9% |
| May 4, 2006 | Raise | $0.270 → $0.290 | +7.4% |
| May 5, 2005 | Raise | $0.250 → $0.270 | +8.0% |
| May 14, 2004 | Raise | $0.227 → $0.250 | +10.3% |
| Apr 29, 2003 | Raise | $0.207 → $0.227 | +9.7% |
| May 1, 2002 | Raise | $0.188 → $0.207 | +10.0% |
| Apr 27, 2001 | Raise | $0.176 → $0.188 | +6.9% |
| Jul 28, 2000 | Raise | $0.160 → $0.176 | +10.0% |
| Jul 31, 1998 | Raise | $0.128 → $0.160 | +25.0% |
| May 2, 1997 | Raise | $0.107 → $0.128 | +20.0% |
| May 2, 1996 | Raise | $0.0992 → $0.107 | +7.4% |
| Aug 3, 1995 | Raise | $0.0793 → $0.0992 | +25.0% |
| May 2, 1994 | Raise | $0.0735 → $0.0793 | +8.0% |
| Nov 2, 1993 | Raise | $0.0668 → $0.0735 | +10.0% |
| Feb 2, 1993 | Raise | $0.0588 → $0.0668 | +13.6% |
| Jul 29, 1992 | Raise | $0.0534 → $0.0588 | +10.0% |
| May 1, 1991 | Raise | $0.0481 → $0.0534 | +11.1% |
| Jul 31, 1990 | Raise | $0.0437 → $0.0481 | +10.0% |
| Oct 30, 1989 | Raise | $0.0389 → $0.0437 | +12.5% |
| Apr 28, 1989 | Raise | $0.0340 → $0.0389 | +14.3% |
| May 3, 1988 | Raise | $0.0291 → $0.0340 | +16.7% |
| Aug 3, 1987 | Raise | $0.0265 → $0.0291 | +10.0% |
| May 2, 1986 | Raise | $0.0243 → $0.0265 | +9.1% |
Frequently Asked Questions
Is ASB a good dividend stock?
Yes. Associated Banc-Corp (ASB) pays a quarterly dividend yielding 3.31% ($0.96/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Is ASB undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ASB's fair value is about $48.16 versus a $28.96 share price — so it looks undervalued (+66% vs. fair value).
Is ASB's dividend safe?
ASB has a dividend-safety grade of A (87/100), based on its payout coverage, free-cash-flow, 14-year growth streak, a dividend cut in 2010, debt and yield-versus-history.
What is ASB's fair value?
Our blended fair-value estimate for ASB is about $48.16 per share, roughly 66% above the current $28.96 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is ASB a buy, hold, or sell?
We don't issue formal ratings, but on the data ASB screens as "yes" and undervalued. Associated Banc-Corp (ASB) pays a quarterly dividend yielding 3.31% ($0.96/yr), with 14 years of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding. This is research for your own analysis, not investment advice.
Will ASB cut its dividend?
ASB earns a dividend-safety grade of A (87/100), and has cut its dividend before (last in 2010). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does ASB pay a dividend?
Yes. Associated Banc-Corp pays a quarterly dividend of about $0.96 per share annually, a forward yield of roughly 3.31%.
What is ASB's dividend yield?
As of Oct 18, 2026, ASB's forward dividend yield is 3.31%, based on a $0.96 annual dividend and a $28.96 share price.
What is ASB's dividend per share?
As of Oct 18, 2026, ASB pays $0.96 per share per year, distributed on a quarterly basis.
What is ASB's dividend payout ratio?
As of Oct 18, 2026, ASB's payout ratio is 33% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has ASB grown its dividend?
As of Oct 18, 2026, ASB has increased its dividend for 14 consecutive years.
When is the next ASB ex-dividend date?
As of Oct 18, 2026, ASB's next ex-dividend date hasn't been announced. The most recent was Sep 1, 2026, for $0.24 per share.
ASB Price — Last 12 Months
Daily close
Price Return
1 Year
+10%
3 Years
+63%
5 Years
+32%
52-Week Range
$23.87 – $32.46
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ASB worth?
Undervaluedmedium confidenceOur blended fair-value estimate for Associated Banc-Corp is $48.16 per share, versus a market price of $28.96. That implies 66% of upside — a margin of safety of about 40%.
Fair Value
$48.16
Current Price
$28.96
Upside
+66%
Margin of Safety
40%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
Assumptions: 8.3% discount rate (CAPM), 11.6% growth for five years fading to 2.5% over the next five, $2.87 EPS, $0.96 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ASB Dividend Safety Score
Very Safe
SmarterDividends' proprietary score, backtested against which dividends were actually cut over 15+ years (0.78 AUC). It blends a validated cut-risk model (growth streak, cut history) with current payout, cash-flow and debt. Higher is safer · not investment advice.
Dividend Growth
Total dividends per share by year
Dividend History
Full ASB dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 1, 2026 | Sep 15, 2026 | $0.2400 | regular |
| Jun 1, 2026 | Jun 15, 2026 | $0.2400 | regular |
| Mar 2, 2026 | Mar 16, 2026 | $0.2400 | regular |
| Dec 1, 2025 | Dec 15, 2025 | $0.2400 | regular |
| Sep 2, 2025 | Sep 15, 2025 | $0.2300 | regular |
| Jun 2, 2025 | Jun 16, 2025 | $0.2300 | regular |
| Mar 3, 2025 | Mar 17, 2025 | $0.2300 | regular |
| Dec 2, 2024 | Dec 16, 2024 | $0.2300 | regular |
| Sep 3, 2024 | Sep 16, 2024 | $0.2200 | regular |
| Jun 3, 2024 | Jun 17, 2024 | $0.2200 | regular |
| Feb 29, 2024 | Mar 15, 2024 | $0.2200 | regular |
| Nov 30, 2023 | Dec 15, 2023 | $0.2200 | regular |
| Aug 31, 2023 | Sep 15, 2023 | $0.2100 | regular |
| May 31, 2023 | Jun 15, 2023 | $0.2100 | regular |
Income Calculator
At $0.96 / yr per share
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