Horizon Bancorp, Inc.
HBNCFinancial Services · Banks - Regional · Stock · quarterly payer
Forward Yield
3.29%
Annual Dividend
$0.64
Payout Ratio
55%
5-Yr Growth
5.9%
Ex-Date
Oct 2, 2026
Frequency
Quarterly
Key facts about HBNC's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Horizon Bancorp, Inc. (HBNC) has a forward dividend yield of 3.29%, based on an annual dividend of $0.64 per share and a share price of $19.46.
- As of Oct 18, 2026, HBNC's dividend safety grade from SmarterDividends is A (96 out of 100), which rates the dividend as very safe.
- HBNC has never cut its regular dividend in the payment history SmarterDividends has on record.
- HBNC's most recent ex-dividend date was Oct 2, 2026, for a dividend of $0.16 per share.
- As of Oct 18, 2026, HBNC pays out 55% of its trailing 12-month earnings as dividends (its payout ratio).
- HBNC's dividend has grown at an average rate of 5.9% a year over the past five years.
- As of Oct 18, 2026, HBNC's 3.29% yield is 19% below its five-year average yield of 4.06%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for HBNC is $14.87 per share, 24% below the $19.46 share price, so HBNC screens as overvalued.
- Horizon Bancorp, Inc. (HBNC) pays its dividend quarterly, 4 times a year.
- Horizon Bancorp, Inc. (HBNC) has raised its regular dividend 20 times and cut it 0 times across the 99 payments on record since 2002. Its most recent change was a 6.7% increase to $0.160 per share, going ex-dividend on Jul 7, 2022.
Cite this page
SmarterDividends, "HBNC Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/HBNC
Summary
As of Oct 18, 2026, Horizon Bancorp, Inc. (HBNC) yields 3.29% ($0.64 a year per share) and has a dividend safety grade of A (96/100).
Is HBNC a good dividend stock?
YesHorizon Bancorp, Inc. (HBNC) pays a quarterly dividend yielding 3.29% ($0.64/yr), with 0 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 (55%)
- Strong 5.9% 5-yr dividend growth
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 3.29%
- Payout Ratio
- 55%
- Annual Dividend
- $0.64
- 5-Yr Avg Growth
- 5.9%
- Ex-Dividend Date
- Oct 2, 2026
- Years of Growth
- 0
- Frequency
- quarterly
- Beta
- 0.83
- Market Cap
- $999.2M
- P/E Ratio
- —
- 5-Yr Total Return
- 0%
- 52-Week Range
- $15.20 – $21.04
- Dividend Safety
- A · 96/100
- Ever Cut?
- No
HBNC dividend raises and cuts
Horizon Bancorp, Inc. (HBNC) has raised its regular dividend 20 times and cut it 0 times across the 99 payments on record since 2002. Its most recent change was a 6.7% increase to $0.160 per share, going ex-dividend on Jul 7, 2022.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jul 7, 2022 | Raise | $0.150 → $0.160 | +6.7% |
| Oct 7, 2021 | Raise | $0.130 → $0.150 | +15.4% |
| Mar 31, 2021 | Raise | $0.120 → $0.130 | +8.3% |
| Jul 3, 2019 | Raise | $0.100 → $0.120 | +20.0% |
| Apr 5, 2018 | Raise | $0.0867 → $0.100 | +15.4% |
| Jul 5, 2017 | Raise | $0.0733 → $0.0867 | +18.2% |
| Jan 4, 2017 | Raise | $0.0667 → $0.0733 | +10.0% |
| Sep 30, 2015 | Raise | $0.0622 → $0.0667 | +7.1% |
| Dec 30, 2014 | Raise | $0.0578 → $0.0622 | +7.7% |
| Jul 1, 2014 | Raise | $0.0489 → $0.0578 | +18.2% |
| Sep 25, 2013 | Raise | $0.0444 → $0.0489 | +10.0% |
| Sep 26, 2012 | Raise | $0.0385 → $0.0444 | +15.4% |
Show all 20 changes since 2002
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Apr 3, 2012 | Raise | $0.0356 → $0.0385 | +8.3% |
| Sep 28, 2011 | Raise | $0.0336 → $0.0356 | +5.9% |
| Jul 1, 2008 | Raise | $0.0296 → $0.0336 | +13.3% |
| Jul 2, 2007 | Raise | $0.0277 → $0.0296 | +7.1% |
| Dec 29, 2005 | Raise | $0.0257 → $0.0277 | +7.7% |
| Dec 30, 2004 | Raise | $0.0237 → $0.0257 | +8.3% |
| Dec 30, 2003 | Raise | $0.0211 → $0.0237 | +12.5% |
| Dec 24, 2002 | Raise | $0.0198 → $0.0211 | +6.7% |
Frequently Asked Questions
Is HBNC a good dividend stock?
Yes. Horizon Bancorp, Inc. (HBNC) pays a quarterly dividend yielding 3.29% ($0.64/yr), with 0 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 HBNC undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HBNC's fair value is about $14.87 versus a $19.46 share price — so it looks overvalued (-24% vs. fair value).
Is HBNC's dividend safe?
HBNC has a dividend-safety grade of A (96/100), based on its payout coverage, free-cash-flow, 0-year growth streak, a clean no-cut history, debt and yield-versus-history.
What is HBNC's fair value?
Our blended fair-value estimate for HBNC is about $14.87 per share, about 24% below the current $19.46 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is HBNC a buy, hold, or sell?
We don't issue formal ratings, but on the data HBNC screens as "yes" and overvalued. Horizon Bancorp, Inc. (HBNC) pays a quarterly dividend yielding 3.29% ($0.64/yr), with 0 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 HBNC cut its dividend?
HBNC earns a dividend-safety grade of A (96/100), with no dividend cut on record. A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does HBNC pay a dividend?
Yes. Horizon Bancorp, Inc. pays a quarterly dividend of about $0.64 per share annually, a forward yield of roughly 3.29%.
What is HBNC's dividend yield?
As of Oct 18, 2026, HBNC's forward dividend yield is 3.29%, based on a $0.64 annual dividend and a $19.46 share price.
What is HBNC's dividend per share?
As of Oct 18, 2026, HBNC pays $0.64 per share per year, distributed on a quarterly basis.
What is HBNC's dividend payout ratio?
As of Oct 18, 2026, HBNC's payout ratio is 55% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has HBNC grown its dividend?
HBNC does not currently have a long dividend-growth streak on record.
When is the next HBNC ex-dividend date?
As of Oct 18, 2026, HBNC's next ex-dividend date hasn't been announced. The most recent was Oct 2, 2026, for $0.16 per share.
HBNC Price — Last 12 Months
Daily close
Price Return
1 Year
+14%
3 Years
+79%
5 Years
+0%
52-Week Range
$15.20 – $21.04
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HBNC worth?
Overvaluedlow confidenceOur blended fair-value estimate for Horizon Bancorp, Inc. is $14.87 per share, versus a market price of $19.46. That implies 24% of downside.
Fair Value
$14.87
Current Price
$19.46
Downside
-24%
Margin of Safety
-31%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 8.5% discount rate (CAPM), 7.7% growth for five years fading to 2.5% over the next five, -$2.94 EPS, $0.64 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HBNC 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 HBNC dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Oct 2, 2026 | Oct 16, 2026 | $0.1600 | regular |
| Jul 2, 2026 | Jul 17, 2026 | $0.1600 | regular |
| Apr 2, 2026 | Apr 17, 2026 | $0.1600 | regular |
| Jan 2, 2026 | Jan 16, 2026 | $0.1600 | regular |
| Oct 3, 2025 | Oct 17, 2025 | $0.1600 | regular |
| Jul 3, 2025 | Jul 18, 2025 | $0.1600 | regular |
| Apr 4, 2025 | Apr 18, 2025 | $0.1600 | regular |
| Jan 3, 2025 | Jan 17, 2025 | $0.1600 | regular |
| Oct 4, 2024 | Oct 18, 2024 | $0.1600 | regular |
| Jul 5, 2024 | Jul 19, 2024 | $0.1600 | regular |
| Apr 4, 2024 | Apr 19, 2024 | $0.1600 | regular |
| Jan 4, 2024 | Jan 19, 2024 | $0.1600 | regular |
| Oct 5, 2023 | Oct 20, 2023 | $0.1600 | regular |
| Jul 6, 2023 | Jul 21, 2023 | $0.1600 | regular |
Income Calculator
At $0.64 / yr per share
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