Zions Bancorporation, National Association
ZIONFinancial Services · Stock · quarterly payer
Forward Yield
2.77%
Annual Dividend
$1.92
Payout Ratio
23%
5-Yr Growth
5.3%
Ex-Date
Aug 13, 2026
Frequency
Quarterly
Summary
As of September 2026, Zions Bancorporation, National Association (ZION) yields 2.77% ($1.92 per share annually), with a blended fair-value estimate of $164.31 — +137% upside, so it screens as undervalued. 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 2.77% ($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
- 2.77%
- 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
- 0.77
- Market Cap
- $10.1B
- P/E Ratio
- 8.8
- 5-Yr Total Return
- 12%
- 52-Week Range
- $46.19 – $73.34
- Dividend Safety
- A · 90/100
- Ever Cut?
- Yes (2009)
Frequently Asked Questions
ZION Price — Last 12 Months
Daily close
Price Return
1 Year
+23%
3 Years
+99%
5 Years
+12%
52-Week Range
$46.19 – $73.34
Price change over each period (excludes dividends). Past performance doesn't guarantee future results.
What is ZION worth?
Undervaluedlow confidenceOur blended fair-value estimate for Zions Bancorporation, National Association is $164.31 per share, versus a market price of $69.37. That implies 137% of upside — a margin of safety of about 58%.
Fair Value
$164.31
Current Price
$69.37
Upside
+137%
Margin of Safety
58%
How we get there
Discounted cash flow
Discounts projected free cash flow back to today.
Dividend discount
Discounts the future dividend stream back to today.
At today's price, the market is pricing in about -10.0% annual free-cash-flow growth. We model 20.0% — below our estimate, leaving room for upside if the business executes.
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
