As of today (2024-04-24), the Forward Annual Dividend Yield of Macatawa Bank is 2.56%.
As of today (2024-04-24), the Trailing Annual Dividend Yield of Macatawa Bank is 2.42%.
MCBC's Forward Dividend Yield % is ranked worse than 78.72% of 1170
companies
in the Banks industry
Industry Median: 4.145
vs MCBC: 2.56
Macatawa Bank's Dividends per Share for the
three
months ended in Dec. 2023 was $0.09.
During the past 12 months, Macatawa Bank's average Dividends Per Share Growth Rate was 3.10% per year.
During the past 3 years, the average Dividends Per Share Growth Rate was 1.00% per year.
During the past 5 years, the average Dividends Per Share Growth Rate was 5.20% per year.
During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Macatawa Bank was 88.60% per year. The lowest was -11.00% per year. And the median was 26.20% per year.
The growth rate is calculated with least square regression.
For more information regarding to dividend, please check our Dividend Page.
Competitive Comparison
For the Banks - Regional subindustry, Macatawa Bank's Forward Dividend Yield %, along with its competitors' market caps and Forward Dividend Yield % data, can be viewed below:
* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.
Macatawa Bank Forward Dividend Yield % Distribution
For the Banks industry and Financial Services sector, Macatawa Bank's Forward Dividend Yield % distribution charts can be found below:
* The bar in red indicates where Macatawa Bank's Forward Dividend Yield % falls into.
Macatawa Bank Forward Dividend Yield % Calculation
Dividend Yield measures how much a company pays out in dividends each year relative to its share price.
Macatawa Bank Recent Full-Year* Dividend History
Amount
Ex-date
Record Date
Pay Date
Type
Frequency
Forex Rate
USD 0.090
2024-02-12
2024-02-13
2024-02-28
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.090
2023-11-13
2023-11-14
2023-11-29
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.080
2023-08-14
2023-08-15
2023-08-30
Cash Dividend
quarterly
USD:USD 1.000000
USD 0.080
2023-05-12
2023-05-15
2023-05-30
Cash Dividend
quarterly
USD:USD 1.000000
* GuruFocus has an internal rule that if the most recent dividend payment frequency is at least 4 times a year, then the full year will be calculated according to the frequency of payment or the one-year time frame, whichever is stricter.
* GuruFocus converts dividend currency to local traded share price currency in order to calculate dividend yield. Please refer to the last column "Forex Rate" in the above table.
Macatawa Bank's Forward Annual Dividend Yield (%) for Today is calculated as
Forward Annual Dividend Yield
=
Forward Full Year Dividend
/
Current Share Price
=
0.36
/
14.19
=
2.54 %
Current Share Price is $14.19.
Macatawa Bank's Dividends per Share for the forward twelve months is calculated as $0.09 * 4 = $0.36.
Macatawa Bank's Trailing Annual Dividend Yield (%) for Today is calculated as
Trailing Annual Dividend Yield
=
Most Recent Full Year Dividend
/
Current Share Price
=
0.34
/
14.19
=
2.40 %
Current Share Price is $14.19.
Macatawa Bank's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.34.
* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD. * For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.
Macatawa Bank (NAS:MCBC) Forward Dividend Yield % Explanation
Over the long term, the return from dividends has been a significant contributor to the total returns produced by equity securities. Studies by Elroy Dimson, Paul Marsh, and Mike Staunton of Princeton University (2002) found that a market-oriented portfolio, which included reinvested dividends, would have generated nearly 85 times the wealth generated by the same portfolio relying solely on capital gains.
Dividends may also qualify a lower tax rate for investors.
In dividends investing, Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.
Macatawa Bank Forward Dividend Yield % Related Terms
Thank you for viewing the detailed overview of Macatawa Bank's Forward Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.
Macatawa Bank (Macatawa Bank) Business Description
Macatawa Bank Corp is the United states based holding company of Macatawa Bank. The Bank operates in twenty-six branch offices and a lending and operational service facility, providing a range of commercial and consumer banking and trust services in Kent County, Ottawa County, and northern Allegan County, Michigan. It also provides a range of loan products to business customers, including commercial and industrial and commercial real estate loans, and to retail customers, including residential mortgage and consumer loans. In addition, other services provided by the company includes internet banking, debit cards services and brokerage services. The Company's primary sources of revenue are derived from interest and dividends earned on loans, securities and other financial instruments.
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