MidWestOne Financial Group's latest quarterly dividend was on Feb 29, 2024 (ex-date) with a payout of $0.243 per share. On an annualized basis, the company has a current payout of $0.97 per share. This brings the dividend yield to 4.67% based on its recent close price.
MidWestOne Financial Group's dividend yield of 4.67% is above the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 3.44%, MidWestOne Financial Group's dividend yield is 36% higher. Historically MOFG's dividend yield has averaged at 3.5% in the last 5 years, which is less than the current yield.
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 1.5% for the last twelve months. And with the price of the stock down by 3.7% from a year ago, the dividend yield has increased by 5%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Feb 29, 2024 | Mar 15, 2024 | Jan 23, 2024 | $0.243 | normal |
| Nov 30, 2023 | Dec 15, 2023 | Oct 24, 2023 | $0.243 | normal |
| Aug 31, 2023 | Sep 15, 2023 | Jul 25, 2023 | $0.243 | normal |
| May 31, 2023 | Jun 15, 2023 | Apr 27, 2023 | $0.243 | normal |
| Feb 28, 2023 | Mar 15, 2023 | Jan 26, 2023 | $0.243 | normal |
| 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's payout ratio of 72.9% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 39.5%, MidWestOne Financial Group's payout ratio is 85% higher.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| WTBA West Bancorporation Inc | 5.91% | $1 | 69.4% |
| ATLO Ames National Corp | 5.64% | $1.08 | 90% |
| MOFG MidWestOne Financial Group Inc | 4.67% | $0.97 | 72.9% |
| HWBK Hawthorn Bancshares Inc | 3.44% | $0.68 | 485.7% |
| GSBC Great Southern Bancorp Inc | 3.05% | $1.6 | 28.3% |
| EFSC Enterprise Financial Services Corp | 2.52% | $1 | 19.6% |
| WFC Wells Fargo & Company | 2.24% | $1.35 | 27.7% |
| CBSH Commerce Bancshares Inc | 2.01% | $1.08 | 29.7% |
| UMBF Umb Financial Corp | 1.89% | $1.54 | 21.3% |
| QCRH Qcr Holdings Inc | 0.42% | $0.24 | 3.5% |
Yes, MidWestOne Financial Group has been paying dividends for the last 16 years.
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 May 2024.
MidWestOne Financial Group's last regular dividend was on Feb 29, 2024 (ex-date) with the amount of $0.243 per share.
MOFG has paid dividend of $0.97 per share in the last year.
The current dividend yield of MidWestOne Financial Group is 4.67%.
MidWestOne Financial Group pays dividends quarterly.
MidWestOne Financial Group's dividend payout ratio is 72.9%.
MidWestOne Financial Group's dividend yield is more than the Financial Services sector average.