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MRBK Meridian dividend history, payout ratio & dates

Meridian's last quarterly dividend was on Feb 9, 2024 (ex-date) with a distribution of $0.125 per share. At an annualized rate of $0.5 per share, the stock yields 5.51%.

Key dates

  • MRBK last dividend date: Feb 9, 2024
  • MRBK next dividend date: Not announced
MRBK dividend stats
DPS
$0.5
Dividend yield
5.54%
Payout ratio
42%
vs. Financial Services sector
Dividend yield
3.47%
Payout ratio
39.4%

Dividend yield

What is Meridian current dividend yield

Meridian's dividend yield of 5.51% is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 3.47%, Meridian's dividend yield is 59% higher.

Dividend history

What is MRBK dividend payout history and dates

Meridian has been paying dividends since 2020. MRBK has issued four quarterly dividends in the last twelve months. The annualized DPS marks an increase of 18% since one year ago. And with the stock price down by 26% from a year ago, the dividend yield marks an increase of 60%.

Recent dividends

Ex-date Payment date Declared on Amount Type
Feb 9, 2024 Feb 20, 2024 Jan 25, 2024 $0.125 normal
Nov 10, 2023 Nov 20, 2023 Oct 26, 2023 $0.125 normal
Aug 11, 2023 Aug 21, 2023 Jul 27, 2023 $0.125 normal
May 12, 2023 May 22, 2023 Apr 27, 2023 $0.125 normal
Feb 13, 2023 Feb 21, 2023 Jan 30, 2023 $0.125 normal
Nov 10, 2022 Nov 21, 2022 Oct 27, 2022 $0.1 normal
Aug 12, 2022 Aug 22, 2022 Jul 28, 2022 $0.1 normal
May 13, 2022 May 23, 2022 Apr 28, 2022 $0.1 normal
Feb 11, 2022 Feb 21, 2022 Jan 27, 2022 $0.1 normal
Feb 11, 2022 Feb 21, 2022 Jan 27, 2022 $0.5 special
Nov 12, 2021 Nov 22, 2021 Oct 28, 2021 $0.1 normal
Aug 6, 2021 Aug 16, 2021 Jul 26, 2021 $0.063 normal
May 7, 2021 May 17, 2021 Apr 22, 2021 $0.063 normal
Feb 26, 2021 Mar 15, 2021 Feb 16, 2021 $0.5 special
Feb 10, 2021 Feb 22, 2021 Jan 28, 2021 $0.063 normal
Nov 6, 2020 Nov 23, 2020 Oct 22, 2020 $0.063 normal
Aug 7, 2020 Aug 24, 2020 Jul 27, 2020 $0.063 normal

Meridian dividend payout ratio

What is Meridian dividend payout ratio compared to the sector

Payout ratio

Meridian's payout ratio of 42% is above the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 39.4%, Meridian's payout ratio is 7% higher.

Total amount of dividends paid per financial year (from cash flow)

MRBK dividend vs peer dividends

How does MRBK dividend compare to its peers' dividends
Name Dividend yield DPS Payout ratio
MRBK Meridian Corp 5.54% $0.5 42%
NRIM Northrim Bancorp Inc 5.35% $2.41 53.2%
NKSH National Bankshares Inc 5.19% $1.51 56.8%

Frequently asked questions

Does Meridian pay a dividend?

Yes, Meridian has been paying dividends for the last four years.

When is Meridian's next dividend?

Currently MRBK's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in May 2024.

When was MRBK's last dividend?

Meridian's last dividend ex-date was on Feb 9, 2024. The dividend amount was $0.125 per share.

How much dividend does Meridian pay (per share)?

MRBK's annualized dividend per share is $0.5.

What is Meridian's dividend yield?

Currently Meridian's dividend yield is 5.51%.

How often does Meridian pay dividends?

Meridian pays four dividends per year.

What is Meridian's dividend payout ratio?

The dividend payout ratio of Meridian is 42%.

Does Meridian pay a good dividend?

Meridian's dividend yield is higher than the Financial Services sector average.