Eastern Bankshares, Inc.
EBCFinancial Services · Stock · quarterly payer
Forward Yield
2.44%
Annual Dividend
$0.56
Payout Ratio
30%
5-Yr Growth
—
Ex-Date
Sep 8, 2026
Frequency
Quarterly
Summary
As of July 2026, Eastern Bankshares, Inc. (EBC) yields 2.44% ($0.56 per share annually), with a blended fair-value estimate of $45.72 — +99% upside, so it screens as undervalued. Dividend safety grade: A (80/100). 4 years of dividend growth.
Is EBC a good dividend stock?
YesEastern Bankshares, Inc. (EBC) pays a quarterly dividend yielding 2.44% ($0.56/yr), with 4 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
- Never cut its dividend on record
- Comfortable payout ratio (30%)
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.44%
- Payout Ratio
- 30%
- Annual Dividend
- $0.56
- 5-Yr Avg Growth
- —
- Ex-Dividend Date
- Sep 8, 2026
- Years of Growth
- 4
- Frequency
- quarterly
- Beta
- 0.68
- Market Cap
- $5.2B
- P/E Ratio
- 12.8
- 5-Yr Total Return
- 16%
- 52-Week Range
- $14.88 – $23.54
- Dividend Safety
- A · 80/100
- Ever Cut?
- No
Frequently Asked Questions
EBC Price — Last 12 Months
Daily close
Price Return
1 Year
+34%
3 Years
+70%
5 Years
+16%
52-Week Range
$14.88 – $23.54
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is EBC worth?
Undervaluedlow confidenceOur blended fair-value estimate for Eastern Bankshares, Inc. is $45.72 per share, versus a market price of $22.92. That implies 99% of upside — a margin of safety of about 50%.
Fair Value
$45.72
Current Price
$22.92
Upside
+99%
Margin of Safety
50%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -0.6% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.7% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $1.79 EPS, $0.56 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
EBC 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 5, 2026 | — | $0.1500 | regular |
| Mar 6, 2026 | — | $0.1300 | regular |
| Dec 3, 2025 | — | $0.1300 | regular |
| Sep 3, 2025 | — | $0.1300 | regular |
| Jun 3, 2025 | — | $0.1300 | regular |
| Mar 3, 2025 | — | $0.1200 | regular |
| Dec 3, 2024 | — | $0.1200 | regular |
| Sep 3, 2024 | — | $0.1100 | regular |
| Jun 3, 2024 | — | $0.1100 | regular |
| Feb 29, 2024 | — | $0.1100 | regular |
| Nov 30, 2023 | — | $0.1100 | regular |
| Aug 31, 2023 | — | $0.1000 | regular |
| Jun 1, 2023 | — | $0.1000 | regular |
| Mar 2, 2023 | — | $0.1000 | regular |
Income Calculator
At $0.56 / yr per share
