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Macatawa Bank (MCBC) Dividend Yield, Date & History

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Macatawa Bank Dividend Summary

Dividend Yield
2.43%
Annual Dividend
$0.36
Recent
Dividend Payment
May. 30
Annualized 3-Year
Dividend Growth
1.03%
Dividend Payout Ratio
30.00%

Macatawa Bank (MCBC) pays an annual dividend of $0.36 per share, with a dividend yield of 2.43%. The next quarterly payment of $0.09 per share was paid on Thursday, May 30, to investors who owned the stock before the ex-dividend date of Friday, May 10. The company currently pays out 30.00% of its earnings and 28.35% of its cash flow as dividends.

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MCBC Dividend Payments by Quarter

The chart below displays up to four years of Macatawa Bank's dividend payment history by quarter. The blue bars represent historical dividend payments, while the gray bars indicate future payments.

MCBC Dividend Yield Over Time

The chart below tracks Macatawa Bank's dividend yield over the past four years. The line represents changes in yield by quarter, providing a clear view of trends over time.

Macatawa Bank vs. The Competition

Compare Macatawa Bank's annual dividend, yield, and 3-year growth rate with averages for Finance and NASDAQ companies to evaluate its performance against the market.

TypeMacatawa BankFinance CompaniesNASDAQ Companies
Annual Dividend$0.36$0.02$1.31
Dividend Yield2.43%5.77%4.23%
Annualized 3-Year Dividend Growth1.03%12.89%14.22%

Macatawa Bank Dividend Payout Ratio

Dividend payout ratios express the dividend as a percentage of another metric, such as earnings or cash flow, and can be used to assess dividend sustainability.

TypePayout Ratio
Based on Trailing 12 Months of Earnings30.00%
Based on This Year's Estimate30.25%
Based on Next Year's Estimate28.80%
Based on Cashflow28.35%

Macatawa Bank Dividend History by Quarter

AnnouncedPeriodPaymentPayment ChangeYieldEx-Dividend DateRecord DatePayable Date
4/18/2024Quarterly$0.09 - 2.53%5/10/20245/13/20245/30/2024
1/18/2024Quarterly$0.09 - 3.24%2/12/20242/13/20242/28/2024
10/19/2023Quarterly$0.09+$0.01
12.50%
3.9%11/13/202311/14/202311/29/2023
7/20/2023Quarterly$0.08 - 3.21%8/14/20238/15/20238/30/2023
4/20/2023Quarterly$0.08 - 3.42%5/12/20235/15/20235/30/2023
1/26/2023Quarterly$0.08 - 3.07%2/10/20232/13/20232/28/2023

This table shows Macatawa Bank's quarterlydividend history, including payout amounts, yield, dividend changes, and key dates. Use the date filter to explore data as far back as 2013 to analyze trends over time.

Macatawa Bank Dividend - Frequently Asked Questions

The current dividend yield for Macatawa Bank is 2.43%. Learn more on MCBC's dividend yield history.

The annual dividend for MCBC shares is $0.36. Learn more on MCBC's annual dividend history.

Macatawa Bank pays quarterly dividends to shareholders.

Macatawa Bank's most recent quarterly dividend payment of $0.09 per share was made to shareholders on Thursday, May 30, 2024.

Macatawa Bank's most recent ex-dividend date was Friday, May 10, 2024.

Over the past three years, the company's dividend has grown by an average of 1.03% per year.

The most recent change in the company's dividend was an increase of $0.01 on Thursday, October 19, 2023.

The dividend payout ratio for MCBC is:
  • 30.00% based on the trailing year of earnings
  • 30.25% based on this year's estimates
  • 28.80% based on next year's estimates
  • 28.35% based on cash flow

Macatawa Bank's dividend yield of 2.43% is lower than the average Finance company that issues a dividend. Macatawa Bank's dividend payout ratio of 30.00% is at a healthy, sustainable level, below 75% of its earnings.

Looking at the stock as a whole, market analysts rate Macatawa Bank stock as a Buy, with forecasts suggesting positive growth potential despite some reservations.


This page (NASDAQ:MCBC) was last updated on 12/21/2024 by MarketBeat.com Staff
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