Horizon Bancorp's current payout ratio is 28%, meaning it paid out 28% of its trailing 12-month EPS as dividend. Earnings growth looks solid for HBNC for this fiscal year. The Zacks Consensus Estimate for 2022 is $2.18 per share, with earnings expected to increase 9% from the year ago period. Bottom Line Investors like dividends for a variety of different reasons, from tax advantages and decreasing overall portfolio risk to considerably improving stock investing profits. However, not all companies offer a quarterly payout.