MOFG MidWestOne Financial Group dividend history, payout ratio & dates
MidWestOne Financial Group's latest dividend was on Sep 3, 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 3.54% based on its recent close price.
Key dates
- MOFG last dividend date: Sep 3, 2024
MOFG dividend stats
vs. Financial Services sector
Dividend yield
MidWestOne Financial Group's dividend yield of 3.54% is above the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 2.91%, MidWestOne Financial Group's dividend yield is 22% higher. Historically MOFG's dividend yield has averaged at 3.6% in the last 5 years, which is similar to the current yield.
Dividend history
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 0.5% for the last twelve months. But with the price of the stock up by 31% from a year ago, the dividend yield has decreased by 23%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Sep 3, 2024 | $0.243 | 3.34% |
| Jun 3, 2024 | $0.243 | 4.58% |
| Feb 29, 2024 | $0.243 | 4.23% |
| Nov 30, 2023 | $0.243 | 4.61% |
| Aug 31, 2023 | $0.243 | 4.52% |
| May 31, 2023 | $0.243 | 5.08% |
| Feb 28, 2023 | $0.243 | 3.18% |
| Nov 30, 2022 | $0.238 | 2.72% |
| Aug 31, 2022 | $0.238 | 3.07% |
| May 31, 2022 | $0.238 | 3.04% |
| Feb 28, 2022 | $0.238 | 3.02% |
| Nov 30, 2021 | $0.225 | 2.92% |
| Aug 31, 2021 | $0.225 | 3.05% |
| May 28, 2021 | $0.225 | 2.82% |
| Feb 26, 2021 | $0.225 | 3.23% |
| Nov 30, 2020 | $0.22 | 3.78% |
| Aug 31, 2020 | $0.22 | 4.54% |
| May 29, 2020 | $0.22 | 4.4% |
| Feb 28, 2020 | $0.22 | 2.88% |
| Nov 29, 2019 | $0.203 | 2.38% |
| Aug 29, 2019 | $0.203 | 2.77% |
| Apr 26, 2019 | $0.203 | 3.54% |
| Feb 27, 2019 | $0.203 | 2.5% |
| Nov 29, 2018 | $0.195 | 2.7% |
| Aug 30, 2018 | $0.195 | 2.25% |
| May 31, 2018 | $0.195 | 2.19% |
| Feb 28, 2018 | $0.195 | 2.2% |
| Nov 30, 2017 | $0.17 | 1.84% |
| Aug 30, 2017 | $0.17 | 2.02% |
| May 30, 2017 | $0.165 | 1.91% |
| Feb 27, 2017 | $0.165 | 1.73% |
| Nov 29, 2016 | $0.16 | 1.9% |
| Aug 30, 2016 | $0.16 | 2.11% |
| May 27, 2016 | $0.16 | 2.13% |
| Feb 26, 2016 | $0.16 | 2.33% |
| Nov 27, 2015 | $0.15 | 1.89% |
| Aug 28, 2015 | $0.15 | 2.04% |
| May 28, 2015 | $0.15 | 2.01% |
| Feb 25, 2015 | $0.15 | 2.01% |
MidWestOne Financial Group dividend payout ratio
Payout ratio
MidWestOne Financial Group's payout ratio of 49.5% is above the Financial Services sector, the industry and its peers average. Compared to its Financial Services sector average of 43.3%, MidWestOne Financial Group's payout ratio is 14% higher.
Total amount of dividends paid per financial year (from cash flow)
MOFG dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ATLO Ames National Corp | 6.11% | $1.08 | 101.9% |
| WTBA West Bancorporation Inc | 5.41% | $1 | 78.1% |
| MOFG MidWestOne Financial Group Inc | 3.54% | $0.97 | 49.5% |
| HWBK Hawthorn Bancshares Inc | 3.28% | $0.72 | 120% |
| GSBC Great Southern Bancorp Inc | 2.9% | $1.6 | 31.7% |
| WFC Wells Fargo & Company | 2.55% | $1.45 | 29.4% |
| EFSC Enterprise Financial Services Corp | 2.06% | $1.03 | 22.5% |
| CBSH Commerce Bancshares Inc | 1.85% | $1.08 | 30% |
| UMBF Umb Financial Corp | 1.5% | $1.56 | 20% |
| QCRH Qcr Holdings Inc | 0.32% | $0.24 | 3.5% |
Frequently asked questions
Does MidWestOne Financial Group pay a dividend?
Yes, MidWestOne Financial Group has been paying dividends for the last 16 years.
When was MOFG's last dividend?
MidWestOne Financial Group's last regular dividend was on Sep 3, 2024 (ex-date) with the amount of $0.243 per share.
How much dividend does MidWestOne Financial Group pay (per share)?
MOFG has paid dividend of $0.97 per share in the last year.
What is MidWestOne Financial Group's dividend yield?
The current dividend yield of MidWestOne Financial Group is 3.54%.
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 49.5%.
Does MidWestOne Financial Group pay a good dividend?
MidWestOne Financial Group's dividend yield is more than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.