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MRBK Meridian Corp Dividend

Meridian's last quarterly dividend was on Nov 12, 2021 (ex-date) with a distribution of $0.2 per share. At an annualized rate of $0.58 per share, the stock yields 1.61%. The latest dividend marks an increase of $0.08, or 60% from the previous dividend.

MRBK next dividend date: Not announced

MRBK
DPS
$0.58
Dividend yield
1.63%
Payout ratio
9.4%
Financial Services sector
Dividend yield
2.44%
Payout ratio
32.4%

Dividend yield

Meridian's dividend yield of 1.61% is lower than the Financial Services sector and the industry average.

Dividend history

MRBK has issued five dividends in the last twelve months. This includes four regular and one special dividends.

Recent dividends

Declared on Ex-date Payment date Amount Type
Oct 28, 2021 Nov 12, 2021 Nov 22, 2021 $0.2 normal
Jul 26, 2021 Aug 6, 2021 Aug 16, 2021 $0.125 normal
Apr 22, 2021 May 7, 2021 May 17, 2021 $0.125 normal
Feb 16, 2021 Feb 26, 2021 Mar 15, 2021 $1 special
Jan 28, 2021 Feb 10, 2021 Feb 22, 2021 $0.125 normal
Oct 22, 2020 Nov 6, 2020 Nov 23, 2020 $0.125 normal
Jul 27, 2020 Aug 7, 2020 Aug 24, 2020 $0.125 normal

Dividend payouts

Payout ratio

Meridian's payout ratio of 9.4% is below the Financial Services sector and the industry average.

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