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Macatawa Bank (Macatawa Bank) Dividend Yield %

: 2.42% (As of Today)
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As of today (2024-04-19), the Trailing Annual Dividend Yield of Macatawa Bank is 2.42%.

Warning Sign:

Macatawa Bank Corp stock dividend yield is close to 5-year low.

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

MCBC' s Dividend Yield % Range Over the Past 10 Years
Min: 0.38   Med: 2.5   Max: 4.72
Current: 2.42

During the past 13 years, the highest Dividend Yield of Macatawa Bank was 4.72%. The lowest was 0.38%. And the median was 2.50%.

MCBC's Dividend Yield % is ranked worse than
77.92% of 1200 companies
in the Banks industry
Industry Median: 4 vs MCBC: 2.42

Macatawa Bank's Dividend Payout Ratio for the three months ended in Dec. 2023 was 0.32.

During the past 13 years, the highest Dividend Payout Ratio of Macatawa Bank was 1.00. The lowest was 0.24. And the median was 0.34.

As of today (2024-04-19), the Forward Dividend Yield % of Macatawa Bank is 2.57%.

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.


Macatawa Bank Dividend Yield % Historical Data

The historical data trend for Macatawa Bank'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.

Macatawa Bank Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Dividend Yield %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.52 3.82 3.63 2.94 2.93

Macatawa Bank Quarterly Data
Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23
Dividend Yield % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.94 3.14 3.43 3.57 2.93

Competitive Comparison

For the Banks - Regional subindustry, Macatawa Bank'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.


Macatawa Bank Dividend Yield % Distribution

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

* The bar in red indicates where Macatawa Bank's Dividend Yield % falls into.



Macatawa Bank 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 0.0902024-02-122024-02-132024-02-28Cash DividendquarterlyUSD:USD 1.000000
USD 0.0902023-11-132023-11-142023-11-29Cash DividendquarterlyUSD:USD 1.000000
USD 0.0802023-08-142023-08-152023-08-30Cash DividendquarterlyUSD:USD 1.000000
USD 0.0802023-05-122023-05-152023-05-30Cash DividendquarterlyUSD: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 Trailing Annual Dividend Yield (%) for Today is calculated as

Trailing Annual Dividend Yield=Most Recent Full Year Dividend/Current Share Price
=0.34/14.13
=2.41 %

Current Share Price is $14.13.
Macatawa Bank's Dividends per Share for the trailing twelve months (TTM) ended in Today is $0.34.

Macatawa Bank's Forward Annual Dividend Yield (%) for Today is calculated as

Forward Annual Dividend Yield=Forward Full Year Dividend/Current Share Price
=0.36/14.13
=2.55 %

Current Share Price is $14.13.
Macatawa Bank's Dividends per Share for the forward twelve months is calculated as $0.09 * 4 = $0.36.

* 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) 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.


Macatawa Bank Dividend Yield % Related Terms

Thank you for viewing the detailed overview of Macatawa Bank's Dividend Yield % provided by GuruFocus.com. Please click on the following links to see related term pages.


Macatawa Bank (Macatawa Bank) Business Description

Traded in Other Exchanges
N/A
Address
10753 Macatawa Drive, Holland, MI, USA, 49424
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.
Executives
Thomas P Rosenbach director 10753 MACATAWA DRIVE, HOLLAND MI 49424
Nicole S Dandridge director 10753 MACATAWA DRIVE, HOLLAND MI 49424
Timothy J. Doyle officer: Chief Commercial Banking Ofcr. 10753 MACATAWA DRIVE, HOLLAND MI 49424
Robert L Herr director 10753 MACATAWA DRIVE, HOLLAND MI 49424
Charles A. Geenen director 10753 MACATAWA DRIVE, HOLLAND MI 49424
Jill A Walcott officer: Senior V.P. Retail Banking 10753 MACATAWA DRIVE, HOLLAND MI 49424
Matthew D Hoeksema officer: Senior Vice President 10753 MACATAWA DRIVE, HOLLAND MI 49424
Mark Bugge director 10753 MACATAWA DRIVE, HOLLAND MI 49424
Le Roy Michael K. director 10753 MACATAWA DRIVE, HOLLAND MI 49424
Ronald L Haan director, officer: CEO and President 10753 MACATAWA DRIVE, HOLLAND MI 49424
Richard L Postma director 10753 MACATAWA DRIVE, HOLLAND MI 49424
White Bay Capital, Lllp 10 percent owner 3133 ORCHARD VISTA DRIVE, GRAND RAPIDS MI 49546
Wayne J. Elhart director 10753 MACATAWA DRIVE, HOLLAND MI 49424
Arend D Lubbers director 10753 MACATAWA DRIVE, HOLLAND MI 49424
Douglas B Padnos director 10753 MACATAWA DRIVE, HOLLAND MI 49424

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