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MOFG MidWestOne Financial Group dividend history, payout ratio & dates

MidWestOne Financial Group's latest quarterly dividend was on Nov 30, 2022 (ex-date) with a payout of $0.238 per share. On an annualized basis, the company has a current payout of $0.95 per share. This brings the dividend yield to 2.81% based on its recent close price.

Key dates

  • MOFG last dividend date: Nov 30, 2022
  • MOFG next dividend date: Not announced
MOFG dividend stats
DPS
$0.95
Dividend yield
2.81%
Payout ratio
25.2%
vs. Financial Services sector
Dividend yield
2.73%
Payout ratio
30.7%

Dividend yield

What is MidWestOne Financial Group current dividend yield

MidWestOne Financial Group's dividend yield of 2.81% is above the Financial Services sector and its peers average. But if we consider its Financial Services sector average of 2.73%, MidWestOne Financial Group's dividend yield is only 2.9% higher. Historically MOFG's dividend yield has averaged at 3.0% in the last 5 years, which is more than the current yield.

Dividend history

What is MOFG dividend payout history and dates

MidWestOne Financial Group has been paying dividends since 2008. MOFG has distributed four quarterly dividends in the past year. The annualized dividend per share has increased by 6% for the last twelve months. But with the price of the stock up by 6% from a year ago, the dividend yield has decreased by 0.4%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Nov 30, 2022 Dec 15, 2022 Oct 19, 2022 $0.238 normal
Aug 31, 2022 Sep 15, 2022 Jul 19, 2022 $0.238 normal
May 31, 2022 Jun 15, 2022 Apr 28, 2022 $0.238 normal
Feb 28, 2022 Mar 15, 2022 Jan 25, 2022 $0.238 normal
Nov 30, 2021 Dec 15, 2021 Oct 19, 2021 $0.225 normal
Aug 31, 2021 Sep 15, 2021 Jul 20, 2021 $0.225 normal
May 28, 2021 Jun 15, 2021 Apr 29, 2021 $0.225 normal
Feb 26, 2021 Mar 15, 2021 Jan 28, 2021 $0.225 normal
Nov 30, 2020 Dec 15, 2020 Oct 28, 2020 $0.22 normal
Aug 31, 2020 Sep 15, 2020 Jul 29, 2020 $0.22 normal
May 29, 2020 Jun 15, 2020 Apr 29, 2020 $0.22 normal
Feb 28, 2020 Mar 16, 2020 Jan 22, 2020 $0.22 normal
Nov 29, 2019 Dec 16, 2019 Oct 22, 2019 $0.203 normal
Aug 29, 2019 Sep 16, 2019 Jul 16, 2019 $0.203 normal
Apr 26, 2019 Jun 17, 2019 Apr 18, 2019 $0.203 normal
Feb 27, 2019 Mar 15, 2019 Jan 15, 2019 $0.203 normal
Nov 29, 2018 Dec 17, 2018 Oct 16, 2018 $0.195 normal
Aug 30, 2018 Sep 17, 2018 Jul 17, 2018 $0.195 normal
May 31, 2018 Jun 15, 2018 Apr 19, 2018 $0.195 normal
Feb 28, 2018 Mar 15, 2018 Jan 17, 2018 $0.195 normal
Nov 30, 2017 Dec 15, 2017 Oct 10, 2017 $0.17 normal
Aug 30, 2017 Sep 15, 2017 Jul 14, 2017 $0.17 normal
May 30, 2017 Jun 15, 2017 Apr 20, 2017 $0.165 normal
Feb 27, 2017 Mar 15, 2017 Jan 25, 2017 $0.165 normal
Nov 29, 2016 Dec 15, 2016 Oct 11, 2016 $0.16 normal
Aug 30, 2016 Sep 15, 2016 Jul 21, 2016 $0.16 normal
May 27, 2016 Jun 15, 2016 Apr 21, 2016 $0.16 normal

MidWestOne Financial Group dividend payout ratio

What is MidWestOne Financial Group dividend payout ratio compared to the sector

Payout ratio

MidWestOne Financial Group's payout ratio of 25.2% is above its peers average but below the Financial Services sector and the industry average. Compared to its Financial Services sector average of 30.7%, MidWestOne Financial Group's payout ratio is 18% lower.

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

MOFG dividend vs peer dividends

How does MOFG dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
ATLO Ames National Corp 4.61% $1.07 48%
WTBA West Bancorporation Inc 4.21% $1 33.6%
MOFG MidWestOne Financial Group Inc 2.81% $0.95 25.2%
HWBK Hawthorn Bancshares Inc 2.77% $0.64 19.9%
WFC Wells Fargo & Company 2.58% $1.1 28.3%
GSBC Great Southern Bancorp Inc 2.49% $1.52 28.3%
UMBF Umb Financial Corp 1.82% $1.48 17.5%
EFSC Enterprise Financial Services Corp 1.77% $0.86 16.8%
CBSH Commerce Bancshares Inc 1.52% $1.02 28.8%
QCRH Qcr Holdings Inc 0.49% $0.24 4%

Frequently asked questions

Does MidWestOne Financial Group pay a dividend?

Yes, MidWestOne Financial Group has been paying dividends for the last 14 years.

When is MidWestOne Financial Group's next dividend?

MOFG hasn't announced its next dividend date yet, but if we take into consideration its recent dividend history, it is likely that its next dividend will be in February 2023.

When was MOFG's last dividend?

MidWestOne Financial Group's last regular dividend was on Nov 30, 2022 (ex-date) with the amount of $0.238 per share.

How much dividend does MidWestOne Financial Group pay (per share)?

MOFG has paid dividend of $0.95 per share in the last year.

What is MidWestOne Financial Group's dividend yield?

The current dividend yield of MidWestOne Financial Group is 2.81%.

How often does MidWestOne Financial Group pay dividends?

MidWestOne Financial Group pays dividends quarterly.

What is MidWestOne Financial Group's dividend payout ratio?

MidWestOne Financial Group's dividend payout ratio is 25.2%.

Does MidWestOne Financial Group pay a good dividend?

MidWestOne Financial Group's dividend yield is similar to the Financial Services sector average.