Meridian's last quarterly dividend was on May 13, 2022 (ex-date) with a distribution of $0.2 per share. At an annualized rate of $0.73 per share, the stock yields 2.41%.
Meridian's dividend yield of 2.41% is lower than the Financial Services sector and the industry average.
Meridian has been paying dividends since 2020. MRBK has issued five dividends in the last twelve months. This includes four regular and one special dividends. The annualized DPS marks an increase of 45% since one year ago. And with the stock price up by 14% from a year ago, the dividend yield marks an increase of 27%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| May 13, 2022 | May 23, 2022 | Apr 28, 2022 | $0.2 | normal |
| Feb 11, 2022 | Feb 21, 2022 | Jan 27, 2022 | $0.2 | normal |
| Feb 11, 2022 | Feb 21, 2022 | Jan 27, 2022 | $1 | special |
| Nov 12, 2021 | Nov 22, 2021 | Oct 28, 2021 | $0.2 | normal |
| Aug 6, 2021 | Aug 16, 2021 | Jul 26, 2021 | $0.125 | normal |
| May 7, 2021 | May 17, 2021 | Apr 22, 2021 | $0.125 | normal |
| Feb 26, 2021 | Mar 15, 2021 | Feb 16, 2021 | $1 | special |
| Feb 10, 2021 | Feb 22, 2021 | Jan 28, 2021 | $0.125 | normal |
| Nov 6, 2020 | Nov 23, 2020 | Oct 22, 2020 | $0.125 | normal |
| Aug 7, 2020 | Aug 24, 2020 | Jul 27, 2020 | $0.125 | normal |
Meridian's payout ratio of 14.1% is below the Financial Services sector and the industry average.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NBTB Nbt Bancorp Inc | 2.94% | $1.12 | 31.5% |
| MRBK Meridian Corp | 2.41% | $0.73 | 14.1% |
| NBHC National Bank Holdings Corp | 2.32% | $0.9 | 32.4% |