Mackinac Financial (Mackinac Financial) Dividend Yield % : 2.60% (As of Apr. 26, 2024)

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What is Mackinac Financial Dividend Yield %?

As of today (2024-04-26), the Trailing Annual Dividend Yield of Mackinac Financial is 2.60%.

Warning Sign:

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

The historical rank and industry rank for Mackinac Financial's Dividend Yield % or its related term are showing as below:

MFNC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.47 Med: 3.02 Max: 6.5
Current: 2.6

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%.

MFNC's Dividend Yield % is not ranked
in the Banks industry.
Industry Median: 3.98 vs MFNC: 2.60

Mackinac Financial's Dividend Payout Ratio for the three months ended in Jun. 2021 was 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.

As of today (2024-04-26), the Forward Dividend Yield % of Mackinac Financial is 2.60%.

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.

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.

The growth rate is calculated with least square regression.

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

Mackinac Financial Dividend Yield % Historical Data

The historical data trend for Mackinac Financial's Dividend Yield % can be seen below:

* 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.

* Premium members only.

Mackinac Financial Dividend Yield % Chart

Mackinac Financial Annual Data

Trend

Dec11

Dec12

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dividend Yield %

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2.97

3.02

3.52

2.98

4.39

Mackinac Financial Quarterly Data
	Sep16	Dec16	Mar17	Jun17	Sep17	Dec17	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21
Dividend Yield %	Get a 7-Day Free Trial															5.21	5.80	4.39	3.99	2.83

Competitive Comparison of Mackinac Financial's Dividend Yield %

For the Banks - Regional subindustry, Mackinac Financial's Dividend Yield %, along with its competitors' market caps and 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.

Mackinac Financial's Dividend Yield % Distribution in the Banks Industry

For the Banks industry and Financial Services sector, Mackinac Financial's Dividend Yield % distribution charts can be found below:

* The bar in red indicates where Mackinac Financial's Dividend Yield % falls into.

Mackinac Financial Dividend Yield % Calculation

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

Mackinac Financial (NAS:MFNC) 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.

You can find the stocks that owned most by Gurus here. Or you can check out Warren Buffett's highest dividend stocks here.

Mackinac Financial Dividend Yield % Related Terms

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Mackinac Financial (Mackinac Financial) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Financial Services » Banks » Mackinac Financial Corp (NAS:MFNC) » Definitions » Dividend Yield %

Comparable Companies

Traded in Other Exchanges

N/A

Address

130 South Cedar Street, Manistique, MI, USA, 49854

Website

http://www.bankmbank.com

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