Meridian's last quarterly dividend was on Feb 13, 2023 (ex-date) with a distribution of $0.125 per share. At an annualized rate of $0.43 per share, the stock yields 3.3%. The latest dividend marks an increase of $0.03, or 25% from the previous dividend.
Meridian's dividend yield of 3.3% is lower than the Financial Services sector and the industry average. But in comparison with the Financial Services sector average of 3.32%, Meridian's dividend yield is only 0.6% lower.
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 31% since one year ago. And with the stock price down by 21% from a year ago, the dividend yield marks an increase of 65%.
| Ex-date | Payment date | Declared on | Amount | Type |
|---|---|---|---|---|
| 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 | $0.5 | special |
| Feb 11, 2022 | Feb 21, 2022 | Jan 27, 2022 | $0.1 | normal |
| 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's payout ratio of 23% is below the Financial Services sector and the industry average. If we compare it with its Financial Services sector average of 30.6%, Meridian's payout ratio is 25% lower.
| Name | Dividend yield | DPS | Payout ratio |
|---|---|---|---|
| NBTB Nbt Bancorp Inc | 3.42% | $1.18 | 33.3% |
| MRBK Meridian Corp | 3.3% | $0.43 | 23% |
| NBHC National Bank Holdings Corp | 2.84% | $0.96 | 43.6% |
Yes, Meridian has been paying dividends for the last three years.
Currently MRBK's next dividend date is unknown, however based on the recent dividend frequency we project that it will likely be in May 2023.
Meridian's last dividend ex-date was on Feb 13, 2023. The dividend amount was $0.125 per share.
MRBK's annualized dividend per share is $0.43.
Currently Meridian's dividend yield is 3.3%.
Meridian pays four dividends per year.
The dividend payout ratio of Meridian is 23%.
Meridian's dividend yield is in line with the Financial Services sector average.