Associated Banc-Corp
ASBFinancial Services · Stock · quarterly payer
Forward Yield
3.11%
Annual Dividend
$0.96
Payout Ratio
33%
5-Yr Growth
5.3%
Ex-Date
Sep 1, 2026
Frequency
Quarterly
Summary
As of August 2026, Associated Banc-Corp (ASB) yields 3.11% ($0.96 per share annually), with a blended fair-value estimate of $46.09 — +49% upside, so it screens as undervalued. Dividend safety grade: A (84/100). 14 years of dividend growth.
Is ASB a good dividend stock?
YesAssociated Banc-Corp (ASB) pays a quarterly dividend yielding 3.11% ($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
- 44% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2010
Key Data
- Dividend Yield
- 3.11%
- 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
- 0.77
- Market Cap
- $5.8B
- P/E Ratio
- 10.8
- 5-Yr Total Return
- 44%
- 52-Week Range
- —
- Dividend Safety
- A · 84/100
- Ever Cut?
- Yes (2010)
Frequently Asked Questions
ASB Price — Last 12 Months
Daily close
Price Return
1 Year
+20%
3 Years
+80%
5 Years
+44%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ASB worth?
Undervaluedlow confidenceOur blended fair-value estimate for Associated Banc-Corp is $46.09 per share, versus a market price of $30.84. That implies 49% of upside — a margin of safety of about 33%.
Fair Value
$46.09
Current Price
$30.84
Upside
+49%
Margin of Safety
33%
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: 8.2% discount rate (CAPM), 9.7% stage-1 growth, 2.5% terminal growth, $2.86 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
| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Jun 1, 2026 | — | $0.2400 | regular |
| Mar 2, 2026 | — | $0.2400 | regular |
| Dec 1, 2025 | — | $0.2400 | regular |
| Sep 2, 2025 | — | $0.2300 | regular |
| Jun 2, 2025 | — | $0.2300 | regular |
| Mar 3, 2025 | — | $0.2300 | regular |
| Dec 2, 2024 | — | $0.2300 | regular |
| Sep 3, 2024 | — | $0.2200 | regular |
| Jun 3, 2024 | — | $0.2200 | regular |
| Feb 29, 2024 | — | $0.2200 | regular |
| Nov 30, 2023 | — | $0.2200 | regular |
| Aug 31, 2023 | — | $0.2100 | regular |
| May 31, 2023 | — | $0.2100 | regular |
| Feb 28, 2023 | — | $0.2100 | regular |
Income Calculator
At $0.96 / yr per share
