SmarterDividends
FNWD

Finward Bancorp

FNWD

Financial Services · Banks - Regional · Stock · quarterly payer

$41.93

Overvalued · -18% Add to Portfolio

Forward Yield

1.14%

Annual Dividend

$0.48

Payout Ratio

21%

5-Yr Growth

-17.3%

Ex-Date

Sep 18, 2026

Frequency

Quarterly

Key facts about FNWD's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Finward Bancorp (FNWD) has a forward dividend yield of 1.14%, based on an annual dividend of $0.48 per share and a share price of $41.93.
  • As of Oct 18, 2026, FNWD's dividend safety grade from SmarterDividends is C (65 out of 100), which rates the dividend as borderline.
  • FNWD last cut its regular dividend in 2024.
  • FNWD's most recent ex-dividend date was Sep 18, 2026, for a dividend of $0.12 per share.
  • As of Oct 18, 2026, FNWD pays out 21% of its trailing 12-month earnings as dividends (its payout ratio).
  • FNWD's dividend has shrunk at an average rate of 17.3% a year over the past five years.
  • As of Oct 18, 2026, FNWD's 1.14% yield is 56% below its five-year average yield of 2.61%.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for FNWD is $34.47 per share, 18% below the $41.93 share price, so FNWD screens as overvalued.
  • Finward Bancorp (FNWD) pays its dividend quarterly, 4 times a year.
  • Finward Bancorp (FNWD) has raised its regular dividend 15 times and cut it 4 times across the 100 payments on record since 2000. Its most recent change was a 61.3% cut to $0.120 per share, going ex-dividend on Jan 22, 2024.
Cite this page

SmarterDividends, "FNWD Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/FNWD

Summary

As of Oct 18, 2026, Finward Bancorp (FNWD) yields 1.14% ($0.48 a year per share) and has a dividend safety grade of C (65/100).

Is FNWD a good dividend stock?

Yes, with caveats

Finward Bancorp (FNWD) pays a quarterly dividend yielding 1.14% ($0.48/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Advantages

  • Comfortable payout ratio (21%)

Risks

  • Cut its dividend in 2024
  • Dividend has been shrinking, not growing
  • Share price is down over the past 5 years

Key Data

Dividend Yield
1.14%
Payout Ratio
21%
Annual Dividend
$0.48
5-Yr Avg Growth
-17.3%
Ex-Dividend Date
Sep 18, 2026
Years of Growth
0
Frequency
quarterly
Beta
0.17
Market Cap
$181.6M
P/E Ratio
18.5
5-Yr Total Return
-8%
52-Week Range
$30.05 – $45.90
Dividend Safety
C · 65/100
Ever Cut?
Yes (2024)

FNWD dividend raises and cuts

Finward Bancorp (FNWD) has raised its regular dividend 15 times and cut it 4 times across the 100 payments on record since 2000. Its most recent change was a 61.3% cut to $0.120 per share, going ex-dividend on Jan 22, 2024.

Ex-dateChangeOld → newMove
Jan 22, 2024Cut$0.310 → $0.120−61.3%
Jun 27, 2019Raise$0.300 → $0.310+3.3%
Jun 28, 2018Raise$0.290 → $0.300+3.4%
Jun 28, 2017Raise$0.280 → $0.290+3.6%
Jun 22, 2016Raise$0.270 → $0.280+3.7%
Jun 30, 2015Raise$0.250 → $0.270+8.0%
Jun 25, 2014Raise$0.220 → $0.250+13.6%
Jun 26, 2013Raise$0.190 → $0.220+15.8%
Jun 27, 2012Raise$0.150 → $0.190+26.7%
Sep 30, 2010Cut$0.210 → $0.150−28.6%
Dec 23, 2009Cut$0.320 → $0.210−34.4%
Jun 17, 2009Cut$0.360 → $0.320−11.1%
Show all 19 changes since 2001
Ex-dateChangeOld → newMove
Mar 21, 2007Raise$0.350 → $0.360+2.9%
Mar 22, 2006Raise$0.330 → $0.350+6.1%
Mar 22, 2005Raise$0.310 → $0.330+6.5%
Mar 24, 2004Raise$0.300 → $0.310+3.3%
Mar 26, 2003Raise$0.280 → $0.300+7.1%
Mar 26, 2002Raise$0.260 → $0.280+7.7%
Mar 28, 2001Raise$0.240 → $0.260+8.3%
Every FNWD payment →Download every raise and cut (CSV)
FNWD ex-dividend date & scheduleNext ex-date Sep 18, 2026 · full ex-dividend historyView →FNWD dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is FNWD a good dividend stock?

Yes, with caveats. Finward Bancorp (FNWD) pays a quarterly dividend yielding 1.14% ($0.48/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying.

Is FNWD undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, FNWD's fair value is about $34.47 versus a $41.93 share price — so it looks overvalued (-18% vs. fair value).

Is FNWD's dividend safe?

FNWD has a dividend-safety grade of C (65/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a dividend cut in 2024, debt and yield-versus-history.

What is FNWD's fair value?

Our blended fair-value estimate for FNWD is about $34.47 per share, about 18% below the current $41.93 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is FNWD a buy, hold, or sell?

We don't issue formal ratings, but on the data FNWD screens as "yes, with caveats" and overvalued. Finward Bancorp (FNWD) pays a quarterly dividend yielding 1.14% ($0.48/yr), with 0 years of growth and a dividend-safety grade of C. It's a solid income payer, but check the caveats below before buying. This is research for your own analysis, not investment advice.

Will FNWD cut its dividend?

FNWD earns a dividend-safety grade of C (65/100), and has cut its dividend before (last in 2024). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does FNWD pay a dividend?

Yes. Finward Bancorp pays a quarterly dividend of about $0.48 per share annually, a forward yield of roughly 1.14%.

What is FNWD's dividend yield?

As of Oct 18, 2026, FNWD's forward dividend yield is 1.14%, based on a $0.48 annual dividend and a $41.93 share price.

What is FNWD's dividend per share?

As of Oct 18, 2026, FNWD pays $0.48 per share per year, distributed on a quarterly basis.

What is FNWD's dividend payout ratio?

As of Oct 18, 2026, FNWD's payout ratio is 21% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has FNWD grown its dividend?

FNWD does not currently have a long dividend-growth streak on record.

When is the next FNWD ex-dividend date?

As of Oct 18, 2026, FNWD's next ex-dividend date hasn't been announced. The most recent was Sep 18, 2026, for $0.12 per share.

Income Calculator

At $0.48 / yr per share

Per payment (quarterly)$12.00
Annual$48.00
Monthly avg$4.00

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