Mid Penn Bancorp's latest quarterly dividend was on Nov 9, 2023 (ex-date) with a payout of $0.2 per share. On an annualized basis, the company has a current payout of $0.8 per share. This brings the dividend yield to 3.61% based on its recent close price.
MPB has a dividend yield of 3.61% which is above the Financial Services sector average but below the industry and its peers average. Compared to its Financial Services sector average of 3.38%, Mid Penn Bancorp's dividend yield is 7% higher. The historical 5-year average of MPB's dividend yield is 3.0%, which is below the current yield.
Mid Penn Bancorp has a long history of dividend payments, including the last 12 consecutive years with dividend payouts. MPB has distributed four quarterly dividends in the past year. The annualized dividend per share has remained the same since twelve months ago. But with the price of the stock down by 32% from a year ago, the dividend yield has increased by 48%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| Nov 9, 2023 | Nov 27, 2023 | Oct 25, 2023 | $0.2 | normal |
| Aug 9, 2023 | Aug 28, 2023 | Jul 27, 2023 | $0.2 | normal |
| May 9, 2023 | May 22, 2023 | Apr 28, 2023 | $0.2 | normal |
| Feb 9, 2023 | Feb 20, 2023 | Jan 25, 2023 | $0.2 | normal |
| Nov 9, 2022 | Nov 28, 2022 | Oct 26, 2022 | $0.2 | normal |
| Aug 9, 2022 | Aug 22, 2022 | Jul 27, 2022 | $0.2 | normal |
| May 9, 2022 | May 23, 2022 | Apr 27, 2022 | $0.2 | normal |
| Feb 10, 2022 | Feb 28, 2022 | Feb 1, 2022 | $0.2 | normal |
| Nov 9, 2021 | Nov 22, 2021 | Oct 27, 2021 | $0.2 | normal |
| Aug 9, 2021 | Aug 23, 2021 | Jul 26, 2021 | $0.2 | normal |
| May 7, 2021 | May 24, 2021 | Apr 22, 2021 | $0.2 | normal |
| Feb 9, 2021 | Feb 22, 2021 | Jan 28, 2021 | $0.19 | normal |
| Jan 8, 2021 | Jan 25, 2021 | Dec 22, 2020 | $0.05 | special |
| Nov 9, 2020 | Nov 23, 2020 | Oct 28, 2020 | $0.18 | normal |
| Aug 7, 2020 | Aug 24, 2020 | Jul 22, 2020 | $0.18 | normal |
| May 8, 2020 | May 25, 2020 | Apr 22, 2020 | $0.18 | normal |
| Feb 4, 2020 | Feb 24, 2020 | Jan 22, 2020 | $0.05 | special |
| Feb 4, 2020 | Feb 24, 2020 | Jan 22, 2020 | $0.18 | normal |
| Nov 5, 2019 | Nov 25, 2019 | Oct 23, 2019 | $0.18 | normal |
| Aug 6, 2019 | Aug 26, 2019 | Jul 24, 2019 | $0.18 | normal |
| May 7, 2019 | May 27, 2019 | Apr 24, 2019 | $0.18 | normal |
| Feb 5, 2019 | Feb 25, 2019 | Jan 23, 2019 | $0.1 | special |
| Feb 5, 2019 | Feb 25, 2019 | Jan 23, 2019 | $0.15 | normal |
| Nov 6, 2018 | Nov 26, 2018 | Oct 24, 2018 | $0.15 | normal |
| Aug 7, 2018 | Aug 27, 2018 | Jul 25, 2018 | $0.15 | normal |
| May 8, 2018 | May 28, 2018 | Apr 25, 2018 | $0.15 | normal |
| Dec 20, 2017 | Jan 5, 2018 | Nov 21, 2017 | $0.15 | normal |
| Dec 20, 2017 | Jan 5, 2018 | Nov 21, 2017 | $0.1 | special |
| Nov 7, 2017 | Nov 27, 2017 | Oct 25, 2017 | $0.13 | normal |
| Aug 7, 2017 | Aug 28, 2017 | Jul 26, 2017 | $0.13 | normal |
| May 8, 2017 | May 22, 2017 | Apr 26, 2017 | $0.13 | normal |
| Feb 6, 2017 | Feb 27, 2017 | Jan 25, 2017 | $0.13 | normal |
| Dec 30, 2016 | Jan 17, 2017 | Dec 21, 2016 | $0.1 | special |
| Nov 7, 2016 | Nov 28, 2016 | Oct 26, 2016 | $0.12 | normal |
MPB has a payout ratio of 31.4% which is lower than the Financial Services sector, the industry and its peers average. In comparison with the Financial Services sector average of 36.5%, Mid Penn Bancorp's payout ratio is 14% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| PWOD Penns Woods Bancorp Inc | 6.29% | $1.28 | 58.2% |
| CZNC Citizens & Northern Corp | 5.47% | $1.12 | 62.6% |
| UVSP UNIVEST FINANCIAL Corp | 4.24% | $0.84 | 31.3% |
| NWFL Norwood Financial Corp | 3.84% | $1.16 | 39.9% |
| MPB Mid Penn Bancorp Inc | 3.55% | $0.8 | 31.4% |
| CCNE Cnb Financial Corp | 3.41% | $0.7 | 26.8% |
Yes, Mid Penn Bancorp has paid four dividends in the last twelve months. MPB has been paying dividends since 2011.
At this point we don't have a record of MPB's next dividend date, but based on the current dividend schedule we project that it will likely be in February 2024.
Mid Penn Bancorp's last dividend ex-date was on Nov 9, 2023. The dividend amount was $0.2 per share.
On an annual basis MPB pays $0.8 per share.
The current dividend yield of Mid Penn Bancorp is 3.61%.
Mid Penn Bancorp has a quarterly dividend frequency.
Mid Penn Bancorp's dividend payout ratio is 31.4%.
Mid Penn Bancorp's dividend yield is above the Financial Services sector average.