Hawthorn Bancshares, Inc.
HWBKFinancial Services · Banks - Regional · Stock · quarterly payer
Forward Yield
2.20%
Annual Dividend
$0.84
Payout Ratio
22%
5-Yr Growth
11.8%
Ex-Date
Sep 15, 2026
Frequency
Quarterly
Key facts about HWBK's dividend
Data as of · Source: SmarterDividends data
- As of Oct 18, 2026, Hawthorn Bancshares, Inc. (HWBK) has a forward dividend yield of 2.20%, based on an annual dividend of $0.84 per share and a share price of $38.06.
- As of Oct 18, 2026, HWBK's dividend safety grade from SmarterDividends is A (88 out of 100), which rates the dividend as very safe.
- By SmarterDividends' count, Hawthorn Bancshares, Inc. (HWBK) has raised its dividend for 15 consecutive years as of Oct 18, 2026.
- HWBK last cut its regular dividend in 2010.
- HWBK's most recent ex-dividend date was Sep 15, 2026, for a dividend of $0.21 per share.
- As of Oct 18, 2026, HWBK pays out 22% of its trailing 12-month earnings as dividends (its payout ratio).
- HWBK's dividend has grown at an average rate of 11.8% a year over the past five years.
- As of Oct 18, 2026, HWBK's 2.20% yield is 23% below its five-year average yield of 2.86%.
- As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for HWBK is $56.73 per share, 49% above the $38.06 share price, so HWBK screens as undervalued.
- Hawthorn Bancshares, Inc. (HWBK) pays its dividend quarterly, 4 times a year.
- Hawthorn Bancshares, Inc. (HWBK) has raised its regular dividend 23 times and cut it 3 times across the 115 payments on record since 1999. Its most recent change was a 5.0% increase to $0.210 per share, going ex-dividend on Mar 13, 2026. The last cut went ex-dividend on Jun 11, 2015.
Cite this page
SmarterDividends, "HWBK Dividend: Yield, Safety Grade & Next Ex-Date," updated Oct 18, 2026, https://smarterdividends.com/stocks/HWBK
Summary
As of Oct 18, 2026, Hawthorn Bancshares, Inc. (HWBK) yields 2.20% ($0.84 a year per share), has a dividend safety grade of A (88/100) and has 15 consecutive years of dividend increases on record.
Is HWBK a good dividend stock?
YesHawthorn Bancshares, Inc. (HWBK) pays a quarterly dividend yielding 2.20% ($0.84/yr), with 15 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
- 15 consecutive years of dividend growth
- Comfortable payout ratio (22%)
- Strong 11.8% 5-yr dividend growth
- 66% total price return over 5 years
- Top-tier dividend safety score
Risks
- Cut its dividend in 2010
Key Data
- Dividend Yield
- 2.20%
- Payout Ratio
- 22%
- Annual Dividend
- $0.84
- 5-Yr Avg Growth
- 11.8%
- Ex-Dividend Date
- Sep 15, 2026
- Years of Growth
- 15
- Frequency
- quarterly
- Beta
- 0.48
- Market Cap
- $278.4M
- P/E Ratio
- 10.4
- 5-Yr Total Return
- 66%
- 52-Week Range
- $29.39 – $40.60
- Dividend Safety
- A · 88/100
- Ever Cut?
- Yes (2010)
HWBK dividend raises and cuts
Hawthorn Bancshares, Inc. (HWBK) has raised its regular dividend 23 times and cut it 3 times across the 115 payments on record since 1999. Its most recent change was a 5.0% increase to $0.210 per share, going ex-dividend on Mar 13, 2026. The last cut went ex-dividend on Jun 11, 2015.
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Mar 13, 2026 | Raise | $0.200 → $0.210 | +5.0% |
| Jun 13, 2025 | Raise | $0.190 → $0.200 | +5.3% |
| Jun 14, 2024 | Raise | $0.170 → $0.190 | +11.8% |
| Jun 14, 2023 | Raise | $0.163 → $0.170 | +4.0% |
| Jun 14, 2022 | Raise | $0.139 → $0.163 | +17.9% |
| Jun 14, 2021 | Raise | $0.120 → $0.139 | +15.4% |
| Dec 14, 2020 | Raise | $0.111 → $0.120 | +8.3% |
| Jun 13, 2019 | Raise | $0.0925 → $0.111 | +20.0% |
| Jun 14, 2018 | Raise | $0.0622 → $0.0925 | +48.6% |
| Jun 13, 2017 | Raise | $0.0533 → $0.0622 | +16.7% |
| Dec 13, 2016 | Raise | $0.0445 → $0.0533 | +20.0% |
| Sep 11, 2015 | Raise | $0.0427 → $0.0445 | +4.2% |
Show all 26 changes since 1999
| Ex-date | Change | Old → new | Move |
|---|---|---|---|
| Jun 11, 2015 | Cut | $0.0445 → $0.0427 | −4.0% |
| Sep 11, 2014 | Raise | $0.0427 → $0.0445 | +4.2% |
| Sep 11, 2013 | Raise | $0.0410 → $0.0427 | +4.2% |
| Sep 12, 2012 | Raise | $0.0395 → $0.0411 | +4.2% |
| Sep 13, 2011 | Raise | $0.0379 → $0.0395 | +4.2% |
| Sep 13, 2010 | Raise | $0.0365 → $0.0380 | +4.2% |
| Jun 11, 2010 | Cut | $0.0804 → $0.0365 | −54.6% |
| Sep 11, 2009 | Raise | $0.0775 → $0.0804 | +3.8% |
| Jun 11, 2009 | Cut | $0.148 → $0.0775 | −47.5% |
| Dec 13, 2005 | Raise | $0.126 → $0.148 | +16.7% |
| Jun 12, 2003 | Raise | $0.0937 → $0.126 | +35.0% |
| Jun 12, 2002 | Raise | $0.0890 → $0.0937 | +5.3% |
| Jun 13, 2000 | Raise | $0.0867 → $0.0890 | +2.7% |
| Dec 31, 1999 | Raise | $0.0859 → $0.0867 | +0.9% |
Frequently Asked Questions
Is HWBK a good dividend stock?
Yes. Hawthorn Bancshares, Inc. (HWBK) pays a quarterly dividend yielding 2.20% ($0.84/yr), with 15 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 HWBK undervalued?
Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, HWBK's fair value is about $56.73 versus a $38.06 share price — so it looks undervalued (+49% vs. fair value).
Is HWBK's dividend safe?
HWBK has a dividend-safety grade of A (88/100), based on its payout coverage, free-cash-flow, 15-year growth streak, a dividend cut in 2010, debt and yield-versus-history.
What is HWBK's fair value?
Our blended fair-value estimate for HWBK is about $56.73 per share, roughly 49% above the current $38.06 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.
Is HWBK a buy, hold, or sell?
We don't issue formal ratings, but on the data HWBK screens as "yes" and undervalued. Hawthorn Bancshares, Inc. (HWBK) pays a quarterly dividend yielding 2.20% ($0.84/yr), with 15 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 HWBK cut its dividend?
HWBK earns a dividend-safety grade of A (88/100), and has cut its dividend before (last in 2010). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.
Does HWBK pay a dividend?
Yes. Hawthorn Bancshares, Inc. pays a quarterly dividend of about $0.84 per share annually, a forward yield of roughly 2.20%.
What is HWBK's dividend yield?
As of Oct 18, 2026, HWBK's forward dividend yield is 2.20%, based on a $0.84 annual dividend and a $38.06 share price.
What is HWBK's dividend per share?
As of Oct 18, 2026, HWBK pays $0.84 per share per year, distributed on a quarterly basis.
What is HWBK's dividend payout ratio?
As of Oct 18, 2026, HWBK's payout ratio is 22% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.
How many years has HWBK grown its dividend?
As of Oct 18, 2026, HWBK has increased its dividend for 15 consecutive years.
When is the next HWBK ex-dividend date?
As of Oct 18, 2026, HWBK's next ex-dividend date hasn't been announced. The most recent was Sep 15, 2026, for $0.21 per share.
HWBK Price — Last 12 Months
Daily close
Price Return
1 Year
+12%
3 Years
+79%
5 Years
+66%
52-Week Range
$29.39 – $40.60
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is HWBK worth?
Undervaluedlow confidenceOur blended fair-value estimate for Hawthorn Bancshares, Inc. is $56.73 per share, versus a market price of $38.06. That implies 49% of upside — a margin of safety of about 33%.
Fair Value
$56.73
Current Price
$38.06
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: 8.0% discount rate (CAPM), 12.0% growth for five years fading to 2.5% over the next five, $3.67 EPS, $0.84 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
HWBK 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 HWBK dividend history →| Ex-Date | Pay Date | Amount | Type |
|---|---|---|---|
| Sep 15, 2026 | Oct 1, 2026 | $0.2100 | regular |
| Jun 15, 2026 | Jul 1, 2026 | $0.2100 | regular |
| Mar 13, 2026 | Apr 1, 2026 | $0.2100 | regular |
| Dec 15, 2025 | Jan 1, 2026 | $0.2000 | regular |
| Sep 15, 2025 | Oct 1, 2025 | $0.2000 | regular |
| Jun 13, 2025 | Jul 1, 2025 | $0.2000 | regular |
| Mar 14, 2025 | Apr 1, 2025 | $0.1900 | regular |
| Dec 13, 2024 | Jan 1, 2025 | $0.1900 | regular |
| Sep 13, 2024 | Oct 1, 2024 | $0.1900 | regular |
| Jun 14, 2024 | Jul 1, 2024 | $0.1900 | regular |
| Mar 14, 2024 | Apr 1, 2024 | $0.1700 | regular |
| Dec 14, 2023 | Jan 1, 2024 | $0.1700 | regular |
| Sep 14, 2023 | Oct 1, 2023 | $0.1700 | regular |
| Jun 14, 2023 | Jul 1, 2023 | $0.1700 | regular |
Income Calculator
At $0.84 / yr per share
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