Zions Bancorporation, National Association
ZIONFinancial Services · Stock · quarterly payer
Forward Yield
2.82%
Annual Dividend
$1.92
Payout Ratio
23%
5-Yr Growth
5.3%
Ex-Date
Aug 13, 2026
Frequency
Quarterly
Summary
As of August 2026, Zions Bancorporation, National Association (ZION) yields 2.82% ($1.92 per share annually), with a blended fair-value estimate of $51.64 — -24% downside, so it screens as overvalued. Dividend safety grade: A (90/100). 13 years of dividend growth.
Is ZION a good dividend stock?
YesZions Bancorporation, National Association (ZION) pays a quarterly dividend yielding 2.82% ($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
- 2.82%
- 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
- 0.78
- Market Cap
- $9.9B
- P/E Ratio
- 8.7
- 5-Yr Total Return
- 10%
- 52-Week Range
- —
- Dividend Safety
- A · 90/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
ZION Price — Last 12 Months
Daily close
Price Return
1 Year
+20%
3 Years
+95%
5 Years
+10%
52-Week Range
—
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ZION worth?
Overvaluedlow confidenceOur blended fair-value estimate for Zions Bancorporation, National Association is $51.64 per share, versus a market price of $68.14. That implies 24% of downside.
Fair Value
$51.64
Current Price
$68.14
Downside
-24%
Margin of Safety
-32%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Assumptions: 8.2% discount rate (CAPM), 20.0% stage-1 growth, 2.5% terminal growth, $7.85 EPS, $1.92 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
ZION 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 |
|---|---|---|---|
| Aug 13, 2026 | — | $0.4800 | regular |
| May 14, 2026 | — | $0.4500 | regular |
| Feb 12, 2026 | — | $0.4500 | regular |
| Nov 13, 2025 | — | $0.4500 | regular |
| Aug 14, 2025 | — | $0.4500 | regular |
| May 15, 2025 | — | $0.4300 | regular |
| Feb 13, 2025 | — | $0.4300 | regular |
| Nov 14, 2024 | — | $0.4300 | regular |
| Aug 15, 2024 | — | $0.4100 | regular |
| May 15, 2024 | — | $0.4100 | regular |
| Feb 14, 2024 | — | $0.4100 | regular |
| Nov 8, 2023 | — | $0.4100 | regular |
| Aug 16, 2023 | — | $0.4100 | regular |
| May 17, 2023 | — | $0.4100 | regular |
Income Calculator
At $1.92 / yr per share
