1st Source Corporation
SRCEFinancial Services · Stock · quarterly payer
Forward Yield
2.19%
Annual Dividend
$1.72
Payout Ratio
24%
5-Yr Growth
6.3%
Ex-Date
May 5, 2026
Frequency
Quarterly
Summary
As of June 2026, 1st Source Corporation (SRCE) yields 2.19% ($1.72 per share annually), with a blended fair-value estimate of $135.29 — +72% upside, so it screens as undervalued. Dividend safety grade: A (99/100). 9 years of dividend growth.
Is SRCE a good dividend stock?
Yes1st Source Corporation (SRCE) pays a quarterly dividend yielding 2.19% ($1.72/yr), with 9 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
- Never cut its dividend on record
- Comfortable payout ratio (24%)
- Strong 6.3% 5-yr dividend growth
- 69% total price return over 5 years
- Top-tier dividend safety score
Risks
- Single-stock concentration risk — diversify
Key Data
- Dividend Yield
- 2.19%
- Payout Ratio
- 24%
- Annual Dividend
- $1.72
- 5-Yr Avg Growth
- 6.3%
- Ex-Dividend Date
- May 5, 2026
- Years of Growth
- 9
- Frequency
- quarterly
- Beta
- 0.58
- Market Cap
- $1.9B
- P/E Ratio
- 12.0
- 5-Yr Total Return
- 69%
- 52-Week Range
- $56.89 – $78.80
- Dividend Safety
- A · 99/100
- Ever Cut?
- No
Frequently Asked Questions
SRCE Price — Last 12 Months
Daily close
Price Return
1 Year
+27%
3 Years
+87%
5 Years
+69%
52-Week Range
$56.89 – $78.80
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is SRCE worth?
Undervaluedlow confidenceOur blended fair-value estimate for 1st Source Corporation is $135.29 per share, versus a market price of $78.52. That implies 72% of upside — a margin of safety of about 42%.
Fair Value
$135.29
Current Price
$78.52
Upside
+72%
Margin of Safety
42%
How we get there
Dividend discount
Discounts the future dividend stream back to today.
Earnings multiple (Graham)
Graham's earnings-multiple formula, anchored to bond yields.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 19.3% — below our estimate, leaving room for upside if the business executes.
Assumptions: 7.2% discount rate (CAPM), 19.3% stage-1 growth, 2.5% terminal growth, $6.52 EPS, $1.72 annual dividend. Updated weekly.
Fair-value estimates are model output for educational purposes only — not investment advice or a price target.
SRCE 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 |
|---|---|---|---|
| May 5, 2026 | — | $0.4300 | regular |
| Feb 3, 2026 | — | $0.4000 | regular |
| Nov 4, 2025 | — | $0.4000 | regular |
| Aug 5, 2025 | — | $0.3800 | regular |
| May 5, 2025 | — | $0.3800 | regular |
| Feb 4, 2025 | — | $0.3600 | regular |
| Nov 5, 2024 | — | $0.3600 | regular |
| Aug 5, 2024 | — | $0.3600 | regular |
| May 3, 2024 | — | $0.3400 | regular |
| Feb 2, 2024 | — | $0.3400 | regular |
| Nov 3, 2023 | — | $0.3400 | regular |
| Jul 31, 2023 | — | $0.3200 | regular |
| May 1, 2023 | — | $0.3200 | regular |
| Feb 3, 2023 | — | $0.3200 | regular |
Income Calculator
At $1.72 / yr per share
