Cash Dividend On The Way From Horizon Bancorp (HBNC)

Looking at the universe of stocks we cover at Dividend Channel, on 12/31/13, Horizon Bancorp ( HBNC) will trade ex-dividend, for its quarterly dividend of $0.11, payable on 1/17/14. As a percentage of HBNC's recent stock price of $26.13, this dividend works out to approximately 0.42%.

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Below is a dividend history chart for HBNC, showing historical dividends prior to the most recent $0.11 declared by Horizon Bancorp :

HBNC+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from HBNC is likely to continue, and whether the current estimated yield of 1.68% on annualized basis is a reasonable expectation of annual yield going forward. The chart below shows the one year performance of HBNC shares, versus its 200 day moving average:

Horizon Bancorp  200 Day Moving Average Chart

Looking at the chart above, HBNC's low point in its 52 week range is $18.60 per share, with $26.71 as the 52 week high point — that compares with a last trade of $26.13.

In Friday trading, Horizon Bancorp shares are currently up about 0.4% on the day.

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