MidWestOne Financial Group's latest quarterly dividend was on Feb 28, 2023 (ex-date) with a payout of $0.243 per share. On an annualized basis, the company has a current payout of $0.96 per share. This brings the dividend yield to 4.87% based on its recent close price. The latest dividend has increased by $0.01, or 2.1% from the prior distribution.
MidWestOne Financial Group's dividend yield of 4.87% is above the Financial Services sector, the industry and its peers average. If we compare it with its Financial Services sector average of 3.81%, MidWestOne Financial Group's dividend yield is 28% higher. Historically MOFG's dividend yield has averaged at 3.0% 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 4.7% for the last twelve months. And with the price of the stock down by 36% from a year ago, the dividend yield has increased by 63%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 30.8% is above the industry and its peers average but below the Financial Services sector average. But compared to its Financial Services sector average of 32.1%, MidWestOne Financial Group's payout ratio is only 4% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| ATLO Ames National Corp | 5.95% | $1.08 | 55.7% |
| WTBA West Bancorporation Inc | 5.81% | $1 | 40.5% |
| MOFG MidWestOne Financial Group Inc | 4.87% | $0.96 | 30.8% |
| HWBK Hawthorn Bancshares Inc | 3.74% | $0.68 | 26.5% |
| GSBC Great Southern Bancorp Inc | 3.17% | $1.6 | 24.8% |
| WFC Wells Fargo & Company | 2.91% | $1.2 | 34% |
| UMBF Umb Financial Corp | 2.52% | $1.5 | 17.3% |
| EFSC Enterprise Financial Services Corp | 2.26% | $0.94 | 16.9% |
| CBSH Commerce Bancshares Inc | 2.14% | $1.04 | 26.7% |
| QCRH Qcr Holdings Inc | 0.6% | $0.24 | 4% |
Yes, MidWestOne Financial Group has been paying dividends for the last 15 years.
MOFG's next dividend date is May 31, 2023 (ex-date).
MidWestOne Financial Group's last regular dividend was on Feb 28, 2023 (ex-date) with the amount of $0.243 per share.
MOFG has paid dividend of $0.96 per share in the last year.
The current dividend yield of MidWestOne Financial Group is 4.87%.
MidWestOne Financial Group pays dividends quarterly.
MidWestOne Financial Group's dividend payout ratio is 30.8%.
MidWestOne Financial Group's dividend yield is more than the Financial Services sector average.