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MCBC Macatawa Bank dividend history, payout ratio & dates

Macatawa Bank's most recent quarterly dividend was on May 11, 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 3.57% based on its recent close price.

Key dates

  • MCBC last dividend date: May 11, 2022
  • MCBC next dividend date: Not announced
MCBC dividend stats
DPS
$0.32
Dividend yield
3.61%
Payout ratio
40%
vs. Financial Services sector
Dividend yield
2.85%
Payout ratio
33.6%

Dividend yield

What is Macatawa Bank current dividend yield

Macatawa Bank's dividend yield of 3.57% is higher than the Financial Services sector and the industry average.

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 down by 8% from a year ago, the dividend yield marks an increase of 9%.

Recent dividends

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

Dividend payout ratio

What is Macatawa Bank dividend payout ratio compared to the sector

Payout ratio

Macatawa Bank's payout ratio of 40% is above the Financial Services sector and the industry average.

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