First Interstate BancSystem, Inc. (NASDAQ:FIBK) Looks Like A Good Stock

First Interstate BancSystem, Inc. (NASDAQ:FIBK) is about to trade ex-dividend in the next 3 days. If you purchase the stock on or after the 7th of August, you won’t be eligible to receive this dividend, when it is paid on the 21st of August.

First Interstate BancSystem’s next dividend payment will be US$0.31 per share, on the back of last year when the company paid a total of US$1.24 to shareholders. Looking at the last 12 months of distributions, First Interstate BancSystem has a trailing yield of approximately 3.2% on its current stock price of $39.35. If you buy this business for its dividend, you should have an idea of whether First Interstate BancSystem’s dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it’s growing.

Source: Simply Wall St.

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