MainStreet Bancshares's most recent quarterly dividend of $0.1 per share was on May 2, 2024 (ex-date). At an annualized rate of $0.4 per share, the stock yields 2.21%.
MainStreet Bancshares's dividend yield of 2.21% is below the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 2.85%, MainStreet Bancshares's dividend yield is 22% lower.
MainStreet Bancshares has a history of paying dividends since 2022. Our records of MNSB show that the company has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 14% for the last year. And since the stock price has gone down by 25% from a year ago, the dividend yield marks an increase of 52%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 2, 2024 | May 10, 2024 | Apr 23, 2024 | $0.1 | normal |
| Feb 1, 2024 | Feb 9, 2024 | Jan 23, 2024 | $0.1 | normal |
| Nov 6, 2023 | Nov 14, 2023 | Oct 24, 2023 | $0.1 | normal |
| Aug 3, 2023 | Aug 11, 2023 | Jul 19, 2023 | $0.1 | normal |
| May 4, 2023 | May 12, 2023 | Apr 19, 2023 | $0.1 | normal |
| Feb 2, 2023 | Feb 10, 2023 | Jan 18, 2023 | $0.1 | normal |
| Nov 3, 2022 | Nov 10, 2022 | Oct 21, 2022 | $0.1 | normal |
| Aug 3, 2022 | Aug 11, 2022 | Jul 20, 2022 | $0.05 | normal |
| May 4, 2022 | May 12, 2022 | Apr 20, 2022 | $0.05 | normal |
| Feb 2, 2022 | Feb 10, 2022 | Jan 19, 2022 | $0.05 | normal |
MainStreet Bancshares's payout ratio of 15.4% is below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 41.2%, MainStreet Bancshares's payout ratio is 63% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 4.75% | $1.51 | 66.8% |
| NRIM Northrim Bancorp Inc | 3.39% | $2.42 | 46.8% |
| MNSB MainStreet Bancshares Inc | 2.2% | $0.4 | 15.4% |
| NIC Nicolet Bankshares Inc. | 0.99% | $1.03 | 15.5% |
Yes, MainStreet Bancshares has paid four dividends in the last 12 months. MNSB has been paying dividends since 2022.
MNSB hasn't announced its next dividend date yet, however if we take into account its recent dividend schedule, it is likely that its next dividend will be in August 2024.
MainStreet Bancshares's last regular dividend was on May 2, 2024 (ex-date) with the amount of $0.1 per share.
MNSB has paid dividend of $0.4 per share in the last year.
Currently MainStreet Bancshares's dividend yield is 2.21%.
MainStreet Bancshares pays four dividends per year.
The dividend payout ratio of MainStreet Bancshares is 15.4%.
MainStreet Bancshares's dividend yield is less than the Financial Services sector average.