Financial Institutions, Inc.
FISIFinancial Services · Stock · quarterly payer
Forward Yield
3.13%
Annual Dividend
$1.28
Payout Ratio
31%
5-Yr Growth
3.6%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Summary
As of September 2026, Financial Institutions, Inc. (FISI) yields 3.13% ($1.28 per share annually), with a blended fair-value estimate of $33.08 — -19% downside, so it screens as overvalued. Dividend safety grade: A (87/100). 1 years of dividend growth.
Is FISI a good dividend stock?
YesFinancial Institutions, Inc. (FISI) pays a quarterly dividend yielding 3.13% ($1.28/yr), with 1 year of growth and a dividend-safety grade of A. It scores well across payout coverage, growth history and safety — a dependable income holding.
Advantages
- Comfortable payout ratio (31%)
- Top-tier dividend safety score
Risks
- Cut its dividend in 2009
Key Data
- Dividend Yield
- 3.13%
- Payout Ratio
- 31%
- Annual Dividend
- $1.28
- 5-Yr Avg Growth
- 3.6%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 1
- Frequency
- quarterly
- Beta
- 0.64
- Market Cap
- $806.4M
- P/E Ratio
- 10.2
- 5-Yr Total Return
- 34%
- 52-Week Range
- $25.61 – $42.97
- Dividend Safety
- A · 87/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
FISI Price — Last 12 Months
Daily close
Price Return
1 Year
+50%
3 Years
+143%
5 Years
+34%
52-Week Range
$25.61 – $42.97
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is FISI worth?
Overvaluedmedium confidenceOur blended fair-value estimate for Financial Institutions, Inc. is $33.08 per share, versus a market price of $40.92. That implies 19% of downside.
Fair Value
$33.08
Current Price
$40.92
Downside
-19%
Margin of Safety
-24%
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 12.9% annual free-cash-flow growth. We model 3.4% — so the price already assumes faster growth than we think is likely.
Assumptions: 7.5% discount rate (CAPM), 3.4% stage-1 growth, 2.5% terminal growth, $4.03 EPS, $1.28 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
FISI 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 12, 2026 | — | $0.3200 | regular |
| Mar 13, 2026 | — | $0.3200 | regular |
| Dec 15, 2025 | — | $0.3100 | regular |
| Sep 15, 2025 | — | $0.3100 | regular |
| Jun 13, 2025 | — | $0.3100 | regular |
| Mar 14, 2025 | — | $0.3100 | regular |
| Dec 13, 2024 | — | $0.3000 | regular |
| Sep 13, 2024 | — | $0.3000 | regular |
| Jun 14, 2024 | — | $0.3000 | regular |
| Mar 14, 2024 | — | $0.3000 | regular |
| Dec 13, 2023 | — | $0.3000 | regular |
| Sep 13, 2023 | — | $0.3000 | regular |
| Jun 14, 2023 | — | $0.3000 | regular |
| Mar 15, 2023 | — | $0.3000 | regular |
Income Calculator
At $1.28 / yr per share
