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Mackinac Financial (Mackinac Financial) 5-Year Dividend Growth Rate : 9.40% (As of Jun. 2021)


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What is Mackinac Financial 5-Year Dividend Growth Rate?

Mackinac Financial's Dividends per Share for the three months ended in Jun. 2021 was $0.14.

During the past 12 months, Mackinac Financial's average Dividends Per Share Growth Rate was 7.70% per year. During the past 3 years, the average Dividends Per Share Growth Rate was 5.30% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 9.40% per year. Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of Mackinac Financial was 106.10% per year. The lowest was 0.00% per year. And the median was 9.10% per year.

Mackinac Financial's Dividend Payout Ratio for the three months ended in Jun. 2021 was 0.50. As of today, Mackinac Financial's Dividend Yield % is 2.60%.

Warning Sign:

Mackinac Financial Corp stock dividend yield is close to 5-year low.

For more information regarding to dividend, please check our Dividend Page.


Competitive Comparison of Mackinac Financial's 5-Year Dividend Growth Rate

For the Banks - Regional subindustry, Mackinac Financial's 5-Year Dividend Growth Rate, along with its competitors' market caps and 5-Year Dividend Growth Rate 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.


Mackinac Financial's 5-Year Dividend Growth Rate Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mackinac Financial's 5-Year Dividend Growth Rate distribution charts can be found below:

* The bar in red indicates where Mackinac Financial's 5-Year Dividend Growth Rate falls into.



Mackinac Financial 5-Year Dividend Growth Rate Calculation

This is the average annual rate that a company has been raising its dividends. The growth rate is calculated with least square regression.

Please click Growth Rate Calculation Example (GuruFocus) to see how GuruFocus calculates Wal-Mart Stores Inc (WMT)'s revenue growth rate. You can apply the same method to get the average dividends per share growth rate.


Mackinac Financial  (NAS:MFNC) 5-Year Dividend Growth Rate Explanation

1. Dividend Payout Ratio measures the percentage of the company's earnings paid out as dividends.

Mackinac Financial's Dividend Payout Ratio for the quarter that ended in Jun. 2021 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2021 )/ EPS without NRI (Q: Jun. 2021 )
=0.14/ 0.28
=0.50

During the past 13 years, the highest Dividend Payout Ratio of Mackinac Financial was 0.75. The lowest was 0.03. And the median was 0.44.

2. Dividend Yield % measures how much a company pays out in dividends each year relative to its share price.

During the past 13 years, the highest Dividend Yield of Mackinac Financial was 6.50%. The lowest was 0.47%. And the median was 3.02%.

Warning Sign:

Mackinac Financial Corp stock dividend yield is close to 5-year low.

* 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.


Mackinac Financial 5-Year Dividend Growth Rate Related Terms

Thank you for viewing the detailed overview of Mackinac Financial's 5-Year Dividend Growth Rate provided by GuruFocus.com. Please click on the following links to see related term pages.


Mackinac Financial (Mackinac Financial) Business Description

Traded in Other Exchanges
N/A
Address
130 South Cedar Street, Manistique, MI, USA, 49854
Mackinac Financial Corp is a bank holding company. It is engaged in the business of retail and commercial banking. Its products and services include checking and savings accounts, time deposits, interest-bearing transaction accounts, safe deposit facilities, commercial and governmental lease financing and direct, indirect consumer financing, commercial lending, treasury management products, services for small to mid-sized businesses as well as full array of personal and business deposit products and consumer loans. It earns revenue from loans, investments and other interest-bearing assets.
Executives
Paul Davison Tobias director, officer: Chief Executive Officer 38710 WOODWARD AVENUE, SUITE 240, BLOOMFIELD HILLS MI 48304
Jesse A Deering officer: EVP and CFO 260 EAST BROWN ST. SUITE 300 BIRMINGHAM MI 48009
Kelly W George director, officer: President 130 SOUTH CEDAR STREET MANISTIQUE MI 49854
Martin A Thomson director
Randolph Clare Paschke director 5700 CASS AVENUE DETROIT MI 48202
Walter J Aspatore director 255 E BROWN STREET, SUITE 120, BIRMINGHAM MI 48009
Dennis Bittner director 113 S 10TH ST ESCANADA MI 49829
Steinhardt Capital Management, Llc 10 percent owner 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022
David Russ Steinhardt director, 10 percent owner 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022
Steinhardt Capital Investors, Lllp 10 percent owner 650 MADISON AVENUE, 17TH FLOOR NEW YORK NY 10022
Mahaney Robert Edward Ii director 989 WEST WASHINGTON STREET SUITE 102 MARQUETTE MI 49855
Joseph D Garea director 469 NORTH HANLEY ROAD ST. LOUIS MO 63013
Robert Harris Orley director 25251 RIVER DRIVE FRANKLIN MI 48025
Lewis Brooks Patterson director 130 SOUTH CEDAR STREET MANISTIQUE MI 49854
Ernie R Krueger officer: Executive VP and CFO 130 SOUTH CEDAR STREET MANISTIQUE MI 49854