SmarterDividends
ZION

Zions Bancorporation, National Association

ZION

Financial Services · Banks - Regional · Stock · quarterly payer

$63.37

Undervalued · +91% Add to Portfolio

Forward Yield

3.03%

Annual Dividend

$1.92

Payout Ratio

23%

5-Yr Growth

5.3%

Ex-Date

Aug 13, 2026

Frequency

Quarterly

Key facts about ZION's dividend

Data as of · Source: SmarterDividends data

  • As of Oct 18, 2026, Zions Bancorporation, National Association (ZION) has a forward dividend yield of 3.03%, based on an annual dividend of $1.92 per share and a share price of $63.37.
  • As of Oct 18, 2026, ZION's dividend safety grade from SmarterDividends is A (90 out of 100), which rates the dividend as very safe.
  • By SmarterDividends' count, Zions Bancorporation, National Association (ZION) has raised its dividend for 13 consecutive years as of Oct 18, 2026.
  • ZION last cut its regular dividend in 2009.
  • ZION's most recent ex-dividend date was Aug 13, 2026, for a dividend of $0.48 per share.
  • As of Oct 18, 2026, ZION pays out 23% of its trailing 12-month earnings as dividends (its payout ratio).
  • ZION's dividend has grown at an average rate of 5.3% a year over the past five years.
  • As of Oct 18, 2026, SmarterDividends' blended fair-value estimate for ZION is $120.84 per share, 91% above the $63.37 share price, so ZION screens as undervalued.
  • Zions Bancorporation, National Association (ZION) pays its dividend quarterly, 4 times a year.
  • Zions Bancorporation, National Association (ZION) has raised its regular dividend 29 times and cut it 5 times across the 159 payments on record since 1986. Its most recent change was a 6.7% increase to $0.480 per share, going ex-dividend on Aug 13, 2026. The last cut went ex-dividend on Aug 10, 2009.
Cite this page

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

Summary

As of Oct 18, 2026, Zions Bancorporation, National Association (ZION) yields 3.03% ($1.92 a year per share), has a dividend safety grade of A (90/100) and has 13 consecutive years of dividend increases on record.

Is ZION a good dividend stock?

Yes

Zions Bancorporation, National Association (ZION) pays a quarterly dividend yielding 3.03% ($1.92/yr), with 13 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

  • 13 consecutive years of dividend growth
  • Comfortable payout ratio (23%)
  • Strong 5.3% 5-yr dividend growth
  • Top-tier dividend safety score

Risks

  • Cut its dividend in 2009

Key Data

Dividend Yield
3.03%
Payout Ratio
23%
Annual Dividend
$1.92
5-Yr Avg Growth
5.3%
Ex-Dividend Date
Aug 13, 2026
Years of Growth
13
Frequency
quarterly
Beta
0.83
Market Cap
$9.2B
P/E Ratio
8.1
5-Yr Total Return
0%
52-Week Range
$48.50 – $73.34
Dividend Safety
A · 90/100
Ever Cut?
Yes (2009)

ZION dividend raises and cuts

Zions Bancorporation, National Association (ZION) has raised its regular dividend 29 times and cut it 5 times across the 159 payments on record since 1986. Its most recent change was a 6.7% increase to $0.480 per share, going ex-dividend on Aug 13, 2026. The last cut went ex-dividend on Aug 10, 2009.

Ex-dateChangeOld → newMove
Aug 13, 2026Raise$0.450 → $0.480+6.7%
Aug 14, 2025Raise$0.430 → $0.450+4.7%
Nov 14, 2024Raise$0.410 → $0.430+4.9%
Aug 17, 2022Raise$0.380 → $0.410+7.9%
Aug 11, 2021Raise$0.340 → $0.380+11.8%
Aug 14, 2019Raise$0.300 → $0.340+13.3%
Aug 15, 2018Raise$0.240 → $0.300+25.0%
May 16, 2018Raise$0.200 → $0.240+20.0%
Feb 14, 2018Raise$0.160 → $0.200+25.0%
Nov 14, 2017Raise$0.120 → $0.160+33.3%
Aug 15, 2017Raise$0.0800 → $0.120+50.0%
Aug 16, 2016Raise$0.0600 → $0.0800+33.3%
Show all 34 changes since 1993
Ex-dateChangeOld → newMove
May 19, 2015Raise$0.0400 → $0.0600+50.0%
May 21, 2013Raise$0.0100 → $0.0400+300.0%
Aug 10, 2009Cut$0.0400 → $0.0100−75.0%
Feb 9, 2009Cut$0.320 → $0.0400−87.5%
Nov 3, 2008Cut$0.430 → $0.320−25.6%
May 8, 2007Raise$0.390 → $0.430+10.3%
Nov 6, 2006Raise$0.360 → $0.390+8.3%
Feb 7, 2005Raise$0.320 → $0.360+12.5%
May 10, 2004Raise$0.300 → $0.320+6.7%
Aug 11, 2003Raise$0.210 → $0.300+42.9%
Feb 10, 2003Raise$0.200 → $0.210+5.0%
Aug 10, 2000Cut$0.268 → $0.200−25.4%
May 11, 2000Cut$0.290 → $0.268−7.6%
Jun 30, 1999Raise$0.140 → $0.290+107.1%
Jul 9, 1998Raise$0.120 → $0.140+16.7%
Jul 10, 1997Raise$0.110 → $0.120+9.1%
Oct 9, 1996Raise$0.103 → $0.110+7.3%
Dec 29, 1995Raise$0.0875 → $0.103+17.1%
Jun 29, 1995Raise$0.0750 → $0.0875+16.7%
Sep 27, 1994Raise$0.0700 → $0.0750+7.1%
Sep 27, 1993Raise$0.0525 → $0.0700+33.3%
Mar 30, 1993Raise$0.0450 → $0.0525+16.7%
Every ZION payment →Download every raise and cut (CSV)
ZION ex-dividend date & scheduleNext ex-date Aug 13, 2026 · full ex-dividend historyView →ZION dividend historyEvery payment, totals by year, raises and cutsView →

Frequently Asked Questions

Is ZION a good dividend stock?

Yes. Zions Bancorporation, National Association (ZION) pays a quarterly dividend yielding 3.03% ($1.92/yr), with 13 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 ZION undervalued?

Based on a blend of discounted cash flow, a dividend-discount model and an earnings-multiple estimate, ZION's fair value is about $120.84 versus a $63.37 share price — so it looks undervalued (+91% vs. fair value).

Is ZION's dividend safe?

ZION has a dividend-safety grade of A (90/100), based on its payout coverage, free-cash-flow, 13-year growth streak, a dividend cut in 2009, debt and yield-versus-history.

What is ZION's fair value?

Our blended fair-value estimate for ZION is about $120.84 per share, roughly 91% above the current $63.37 price — combining a discounted cash flow, a dividend-discount model and an earnings multiple.

Is ZION a buy, hold, or sell?

We don't issue formal ratings, but on the data ZION screens as "yes" and undervalued. Zions Bancorporation, National Association (ZION) pays a quarterly dividend yielding 3.03% ($1.92/yr), with 13 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 ZION cut its dividend?

ZION earns a dividend-safety grade of A (90/100), and has cut its dividend before (last in 2009). A higher score means lower cut risk based on payout coverage, cash flow and history — but no score guarantees a dividend.

Does ZION pay a dividend?

Yes. Zions Bancorporation, National Association pays a quarterly dividend of about $1.92 per share annually, a forward yield of roughly 3.03%.

What is ZION's dividend yield?

As of Oct 18, 2026, ZION's forward dividend yield is 3.03%, based on a $1.92 annual dividend and a $63.37 share price.

What is ZION's dividend per share?

As of Oct 18, 2026, ZION pays $1.92 per share per year, distributed on a quarterly basis.

What is ZION's dividend payout ratio?

As of Oct 18, 2026, ZION's payout ratio is 23% of trailing 12-month earnings — a comfortable level that leaves room to keep raising the dividend.

How many years has ZION grown its dividend?

As of Oct 18, 2026, ZION has increased its dividend for 13 consecutive years.

When is the next ZION ex-dividend date?

As of Oct 18, 2026, ZION's next ex-dividend date hasn't been announced. The most recent was Aug 13, 2026, for $0.48 per share.

ZION Dividend News

ZION
IncreaseZION·Aug 24, 2026

Zions Raises Quarterly Dividend 6.7% to $0.48

Zions lifts its quarterly dividend 6.7% to $0.48, backed by a 23% earnings payout ratio and an A safety grade after stronger results and capital.

Income Calculator

At $1.92 / yr per share

Per payment (quarterly)$48.00
Annual$192.00
Monthly avg$16.00

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