MRBK Meridian dividend history, payout ratio & dates
Meridian's last dividend was on Aug 12, 2024 (ex-date) with a distribution of $0.125 per share. At an annualized rate of $0.5 per share, the stock yields 3.58%.
Key dates
- MRBK last dividend date: Aug 12, 2024
MRBK dividend stats
vs. Financial Services sector
Dividend yield
Meridian's dividend yield of 3.58% is higher than the Financial Services sector and the industry average. In comparison with the Financial Services sector average of 2.78%, Meridian's dividend yield is 29% higher.
Dividend history
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 5% since one year ago. However with the stock price up by 46% from a year ago, the dividend yield marks a decrease of 28%.
Recent dividends
| Ex-date | Amount | Yield (TTM) |
|---|---|---|
| Aug 12, 2024 | $0.125 | 4.9% |
| May 10, 2024 | $0.125 | 5.52% |
| Feb 9, 2024 | $0.125 | 5.12% |
| Nov 10, 2023 | $0.125 | 4.55% |
| Aug 11, 2023 | $0.125 | 3.86% |
| May 12, 2023 | $0.125 | 4.97% |
| Feb 13, 2023 | $0.125 | 2.7% |
| Nov 10, 2022 | $0.1 | 2.5% |
| Aug 12, 2022 | $0.1 | 2.6% |
| May 13, 2022 | $0.1 | 2.23% |
| Feb 11, 2022 | $0.1 | 1.77% |
| Nov 12, 2021 | $0.1 | 4.67% |
| Aug 6, 2021 | $0.063 | 5.42% |
| May 7, 2021 | $0.063 | 5.8% |
| Feb 26, 2021 | $0.5 | 5.63% |
| Feb 10, 2021 | $0.063 | 1.65% |
| Nov 6, 2020 | $0.063 | 1.4% |
| Aug 7, 2020 | $0.063 | 0.78% |
Meridian dividend payout ratio
Payout ratio
Meridian's payout ratio of 52.6% is above the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 43.2%, Meridian's payout ratio is 22% higher.
Total amount of dividends paid per financial year (from cash flow)
MRBK dividend vs peer dividends
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NKSH National Bankshares Inc | 5.05% | $1.51 | 97.4% |
| NRIM Northrim Bancorp Inc | 3.6% | $2.44 | 41.9% |
| MRBK Meridian Corp | 3.54% | $0.5 | 52.6% |
Frequently asked questions
Does Meridian pay a dividend?
Yes, Meridian has been paying dividends for the last four years.
When was MRBK's last dividend?
Meridian's last dividend ex-date was on Aug 12, 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 3.58%.
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 52.6%.
Does Meridian pay a good dividend?
Meridian's dividend yield is higher than the Financial Services sector average.
Special dividends are included in TTM DPS and yield. Data from 
and Sharadar.