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MCBC Macatawa Bank dividend history, payout ratio & dates

Macatawa Bank's most recent quarterly dividend was on Aug 10, 2022 (ex-date) with a cash dividend payment of $0.08 per share. On an annualized basis, the company has a current payout of $0.32 per share. This brings the dividend yield to 3.39% based on its recent close price.

Key dates

  • MCBC last dividend date: Aug 10, 2022
  • MCBC next dividend date: Not announced
MCBC dividend stats
DPS
$0.32
Dividend yield
3.39%
Payout ratio
42.1%
vs. Financial Services sector
Dividend yield
2.81%
Payout ratio
30.1%

Dividend yield

What is Macatawa Bank current dividend yield

Macatawa Bank's dividend yield of 3.39% is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 2.81%, Macatawa Bank's dividend yield is 21% higher. Historically MCBC's dividend yield has averaged at 3.1% in the last 5 years, which is lower than the current one.

Dividend history

What is MCBC dividend payout history and dates

Macatawa Bank has a long dividend history, including the last eight consecutive years with dividend payouts. MCBC has issued four quarterly dividends in the last twelve months. The annualized DPS has not changed for the last year. But since the stock price has gone up by 16% from a year ago, the dividend yield has decreased by 14%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Aug 10, 2022 Aug 25, 2022 Jul 28, 2022 $0.08 normal
May 11, 2022 May 26, 2022 Apr 28, 2022 $0.08 normal
Feb 9, 2022 Feb 24, 2022 Jan 27, 2022 $0.08 normal
Nov 9, 2021 Nov 29, 2021 Oct 28, 2021 $0.08 normal
Aug 10, 2021 Aug 26, 2021 Jul 26, 2021 $0.08 normal
May 11, 2021 May 27, 2021 Apr 26, 2021 $0.08 normal
Feb 9, 2021 Feb 25, 2021 Jan 28, 2021 $0.08 normal
Nov 9, 2020 Nov 25, 2020 Oct 26, 2020 $0.08 normal
Aug 10, 2020 Aug 27, 2020 Jul 27, 2020 $0.08 normal
May 11, 2020 May 28, 2020 Apr 16, 2020 $0.08 normal
Feb 10, 2020 Feb 27, 2020 Jan 16, 2020 $0.08 normal
Nov 8, 2019 Nov 27, 2019 Oct 17, 2019 $0.07 normal
Aug 12, 2019 Aug 29, 2019 Jul 18, 2019 $0.07 normal
May 13, 2019 May 30, 2019 Apr 29, 2019 $0.07 normal
Feb 11, 2019 Feb 27, 2019 Jan 17, 2019 $0.07 normal
Nov 9, 2018 Nov 28, 2018 Oct 18, 2018 $0.07 normal
Aug 13, 2018 Aug 29, 2018 Jul 19, 2018 $0.06 normal
May 14, 2018 May 30, 2018 Apr 19, 2018 $0.06 normal
Feb 12, 2018 Feb 28, 2018 Jan 18, 2018 $0.06 normal
Nov 13, 2017 Nov 29, 2017 Oct 30, 2017 $0.05 normal
Aug 11, 2017 Aug 30, 2017 Jul 20, 2017 $0.05 normal
May 11, 2017 May 30, 2017 Apr 20, 2017 $0.04 normal
Feb 9, 2017 Feb 28, 2017 Jan 19, 2017 $0.04 normal
Nov 9, 2016 Nov 29, 2016 Oct 31, 2016 $0.03 normal
Aug 11, 2016 Aug 30, 2016 Jul 21, 2016 $0.03 normal

Macatawa Bank dividend payout ratio

What is Macatawa Bank dividend payout ratio compared to the sector

Payout ratio

Macatawa Bank's payout ratio of 42.1% is above the Financial Services sector and the industry average. In comparison with its Financial Services sector average of 30.1%, Macatawa Bank's payout ratio is 40% higher.

Total amount of dividends paid per financial year (from cash flow)

MCBC dividend vs peer dividends

How does MCBC dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
BUSE First Busey Corp 3.99% $0.92 44.9%
MBWM Mercantile Bank Corp 3.9% $1.24 39.2%
MCBC Macatawa Bank Corp 3.39% $0.32 42.1%

Frequently asked questions

Does Macatawa Bank pay a dividend?

Yes, Macatawa Bank has been paying dividends for the last eight years.

When is Macatawa Bank's next dividend?

Currently MCBC's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in November 2022.

When was MCBC's last dividend?

Macatawa Bank's last dividend ex-date was on Aug 10, 2022. The dividend amount was $0.08 per share.

How much dividend does Macatawa Bank pay (per share)?

MCBC's annualized dividend per share is $0.32.

What is Macatawa Bank's dividend yield?

The current dividend yield of Macatawa Bank is 3.39%.

How often does Macatawa Bank pay dividends?

Macatawa Bank pays dividends quarterly.

What is Macatawa Bank's dividend payout ratio?

The dividend payout ratio of Macatawa Bank is 42.1%.

Does Macatawa Bank pay a good dividend?

Macatawa Bank's dividend yield is higher than the Financial Services sector average.