HBNC Ex-Dividend Reminder - 10/1/14

Looking at the universe of stocks we cover at Dividend Channel, on 10/1/14, Horizon Bancorp (HBNC) will trade ex-dividend, for its quarterly dividend of $0.13, payable on 10/17/14. As a percentage of HBNC's recent stock price of $23.00, this dividend works out to approximately 0.57%, so look for shares of Horizon Bancorp to trade 0.57% lower — all else being equal — when HBNC shares open for trading on 10/1/14.

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Below is a dividend history chart for HBNC, showing historical dividends prior to the most recent $0.13 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 2.26% 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 $19.38 per share, with $26.71 as the 52 week high point — that compares with a last trade of $23.00.

In Monday trading, Horizon Bancorp shares are currently trading flat on the day.

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