Macatawa Bank Corporation Stock Dividends
MCBC pays dividends quarterly. Last paid amount was $0.0900 at Feb 28, 2024. As of today, dividend yield (TTM) is 3.61%.
Dividend Yield Range
AI Analysis of MCBC
| Dividend Analysis | Generate |
Key Stats
| Dividend Yield (TTM) | 3.61% |
|---|---|
| Frequency | Quarterly |
| 1Y Growth | 12.50% |
| Payout Ratio | 0 |
| Amount Per Share | $0.0900 |
| Next Ex-Dividend Date | May 10, 2024 |
| Next Payment Date | May 30, 2024 |
Upcoming Dividend Payment
To receive the upcoming dividend from MCBC the purchase should be done within the next 7 days.
Here's a simple guide on how to buy MCBC stock.
MCBC Dividend Payout History
To ensure a understanding of MCBC's dividend performance, consider examining the historical payout ratios and how they align with the company's earnings. Fluctuations in payout amounts may reflect changes in the company's dividend policy or earnings stability.
| # | Ex-Date | Pay Date | Amount | Yield | |
|---|---|---|---|---|---|
| 1 | Apr 25, 2024 | May 10, 2024 | May 30, 2024 | $0.0900 | 0.634% |
| 2 | Feb 12, 2024 | Feb 12, 2024 | Feb 28, 2024 | $0.0900 | 0.93% |
| 3 | Oct 26, 2023 | Nov 13, 2023 | Nov 29, 2023 | $0.0900 | 0.92% |
| 4 | Jul 20, 2023 | Aug 14, 2023 | Aug 30, 2023 | $0.0800 | 0.88% |
| 5 | Apr 20, 2023 | May 12, 2023 | Aug 30, 2023 | $0.0800 | 0.88% |
| 6 | Jan 26, 2023 | Feb 10, 2023 | Feb 28, 2023 | $0.0800 | 0.733% |
| 7 | Oct 27, 2022 | Nov 14, 2022 | Nov 30, 2022 | $0.0800 | 0.720% |
| 8 | Jul 28, 2022 | Aug 10, 2022 | Aug 25, 2022 | $0.0800 | 0.82% |
| 9 | Apr 28, 2022 | May 11, 2022 | May 26, 2022 | $0.0800 | 0.87% |
| 10 | Jan 27, 2022 | Feb 09, 2022 | Feb 24, 2022 | $0.0800 | 0.88% |
Dividend Sustainability
The company's low Dividend Sustainability Score (DSS) highlights potential challenges in upholding its current dividend levels. Unfortunately, its low Dividend Growth Potential Score (DGPS) suggests limited prospects for dividend growth. In conclusion, a more vigilant stance is recommended given the company's tentative dividend landscape.
Sustainability score
Growth potential
MCBC Dividend Calculator
Dividend Calculator is designed to forecast the potential returns from MCBC dividends based on your individual investment size or the number of shares you own. Simply enter your total investment amount to see the cumulative dividend payment you could receive over a specified period.
Read how to invest in MCBC stock here.
Comparing MCBC to Sector and Country
MCBC pays a solid dividend yield of 3.61%, which is higher than the average of the bottom 25% of dividend payers in the US market (1.87%). MCBC’s dividend yield is lower than the average of the top 25% of dividend payers in the Financial Services sector in the US market (11.11%), which means that there are more attractive dividend stocks to consider.
MCBC Stock Competitors
| Symbol | Amount Per Share | Dividend Yield (TTM) | Payout Ratio (TTM) | ||
|---|---|---|---|---|---|
| First Bancorp | 248.201M | $0.350 | 5.70% | 42.24% | |
| Macatawa Bank Corporation | 489.309M | $0.0900 | 3.61% | 28.37% |
