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%.
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.
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%.
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'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.
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% |
Yes, Meridian has been paying dividends for the last four years.
Meridian's last dividend ex-date was on Aug 12, 2024. The dividend amount was $0.125 per share.
MRBK's annualized dividend per share is $0.5.
Currently Meridian's dividend yield is 3.58%.
Meridian pays four dividends per year.
The dividend payout ratio of Meridian is 52.6%.
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.