Zions Bancorporation NA (ZION) DIvidends Date & History

Key Takeaways

• Zions Bancorporation N.A. (ZION) provides a forward dividend yield of 2.85% based on a $1.80 annual payout.
• Quarterly dividend stands at $0.45 per share, with the most recent ex-dividend date on February 12, 2026, and payment on February 19, 2026.
• Low payout ratio of 27.6% relative to earnings per share (EPS) of $6.44 trailing twelve months (TTM) signals strong sustainability.
• Free cash flow (FCF) payout ratio of approximately 27.6% further supports ongoing dividend reliability.
• Recent dividend hikes, including a 5% increase in 2025, highlight a commitment to shareholder returns.
• Yield trails some regional bank peers but offers growth potential amid conservative coverage.

Dividend Overview

Zions Bancorporation N.A. (ZION), a regional bank holding company, maintains a consistent quarterly dividend policy, appealing to income-focused investors. The current forward annual dividend is $1.80 per share, yielding 2.85% at recent stock prices around $63. This places ZION in the modest yield category among dividend payers, rather than high-yield territory. The bank has demonstrated reliability through regular quarterly payments, with the latest at $0.45 per share. While not a dividend aristocrat with decades of uninterrupted increases, ZION fits the profile of a stable dividend growth stock in the regional banking sector, balancing payouts with reinvestment for expansion.

Dividend History and Growth

ZION has paid dividends consistently for years, evolving from lower post-financial crisis levels—such as $0.16 annually in 2015—to the current $1.80 forward rate. The company has raised its quarterly payout multiple times recently, including a 5% hike to $0.45 in August 2025 and a prior 4.9% increase to $0.43 in late 2024. Over the past five years, the average yield has been 3.35%, reflecting steady growth amid economic cycles. This track record underscores a long-term strategy prioritizing shareholder returns while navigating banking regulations and interest rate environments, without major cuts in recent history.

Dividend Sustainability and Payout Ratio

The dividend's sustainability shines through a trailing payout ratio of 27.6%, meaning ZION distributes less than 30% of its TTM EPS of $6.44, leaving ample room for growth or downturns. FCF coverage mirrors this at around 27.6%, bolstering confidence. As a well-capitalized regional bank, ZION maintains solid balance sheet metrics, including manageable debt levels typical for the industry. Earnings from net interest income and fee-based services provide robust coverage, positioning the payout as secure even in variable rate scenarios.

Dividend Compared to Industry Peers

Among regional banking peers, ZION's 2.85% yield sits below averages. For instance, Huntington Bancshares (HBAN) offers around 3.8%, KeyCorp (KEY) approximately 3.7%, and Fifth Third Bancorp (FITB) near 3.6%. Larger peers like U.S. Bancorp (USB) and PNC Financial (PNC) yield similarly elevated rates. ZION's lower yield reflects its conservative payout but competitive growth profile in a sector favoring higher immediate income.

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Is This Stock Attractive for Dividend Investors?

ZION may appeal to conservative dividend investors seeking reliable quarterly income with upside potential. Its low payout ratio and strong earnings coverage suit those prioritizing sustainability over maximum yield, especially in regional banking where volatility can arise from rates or credit cycles. Income-oriented portfolios could benefit from the 2.85% yield, complemented by recent growth trends. Long-term holders might value the balance sheet strength for weathering economic shifts. However, yield-sensitive investors may prefer peers with higher payouts. Overall, ZION targets balanced profiles favoring stability and modest appreciation alongside dividends, without aggressive high-yield risks.

Disclaimer

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