This company has been acquired
Macatawa Bank Dividends and Buybacks
Dividend criteria checks 4/6
Macatawa Bank is a dividend paying company with a current yield of 2.43% that is well covered by earnings.
Key information
2.4%
Dividend yield
0.03%
Buyback Yield
| Total Shareholder Yield | 2.5% |
| Future Dividend Yield | 2.6% |
| Dividend Growth | 14.8% |
| Next dividend pay date | n/a |
| Ex dividend date | n/a |
| Dividend per share | US$0.360 |
| Payout ratio | 28% |
Recent dividend and buyback updates
Macatawa Bank (NASDAQ:MCBC) Will Pay A Dividend Of $0.09
Jan 29
Macatawa Bank's (NASDAQ:MCBC) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 31Recent updates
Macatawa Bank (NASDAQ:MCBC) Will Pay A Dividend Of $0.09
Jan 29Macatawa Bank's (NASDAQ:MCBC) Shareholders Will Receive A Bigger Dividend Than Last Year
Oct 31Macatawa Bank (NASDAQ:MCBC) Is Paying Out A Dividend Of $0.08
Aug 01Macatawa Bank (NASDAQ:MCBC) Is Paying Out A Dividend Of $0.08
May 02Macatawa Bank (NASDAQ:MCBC) Is Paying Out A Dividend Of $0.08
Feb 01Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of $0.08
Nov 01Macatawa Bank goes ex-dividend tomorrow
Aug 09Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of $0.08
Aug 08Macatawa Bank: Lower Average Loan Balance To Drag Earnings This Year
Feb 16Macatawa Bank (NASDAQ:MCBC) Is Due To Pay A Dividend Of US$0.08
Feb 01Macatawa Bank (NASDAQ:MCBC) Has Affirmed Its Dividend Of US$0.08
Nov 02Macatawa Bank (NASDAQ:MCBC) Has Announced A Dividend Of US$0.08
Jul 29It May Be Possible That Macatawa Bank Corporation's (NASDAQ:MCBC) CEO Compensation Could Get Bumped Up
Apr 27Is Macatawa Bank Corporation (NASDAQ:MCBC) A Smart Choice For Dividend Investors?
Apr 15Did You Participate In Any Of Macatawa Bank's (NASDAQ:MCBC) Respectable 90% Return?
Mar 11Macatawa Bank Corporation (NASDAQ:MCBC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Feb 04Do Institutions Own Macatawa Bank Corporation (NASDAQ:MCBC) Shares?
Feb 01Macatawa Bank Corporation's (NASDAQ:MCBC) Attractive Combination: Does It Earn A Place In Your Dividend Portfolio?
Dec 27
Update: Macatawa Bank (NASDAQ:MCBC) Stock Gained 33% In The Last Five Years
Nov 30Stability and Growth of Payments
Fetching dividends data
Stable Dividend: MCBC's dividends per share have been stable in the past 10 years.
Growing Dividend: MCBC's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Macatawa Bank Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (MCBC) | 2.4% |
| Market Bottom 25% (US) | 1.6% |
| Market Top 25% (US) | 4.7% |
| Industry Average (Banks) | 2.8% |
| Analyst forecast (MCBC) (up to 3 years) | 2.6% |
Notable Dividend: MCBC's dividend (2.43%) is higher than the bottom 25% of dividend payers in the US market (1.42%).
High Dividend: MCBC's dividend (2.43%) is low compared to the top 25% of dividend payers in the US market (4.29%).
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (28.4%), MCBC's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years or that it will be covered by earnings.
Discover strong dividend paying companies
Company Analysis and Financial Data Status
| Data | Last Updated (UTC time) |
|---|---|
| Company Analysis | 2024/08/01 20:58 |
| End of Day Share Price | 2024/08/01 00:00 |
| Earnings | 2024/03/31 |
| Annual Earnings | 2023/12/31 |
Data Sources
The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.
| Package | Data | Timeframe | Example US Source * |
|---|---|---|---|
| Company Financials | 10 years |
| |
| Analyst Consensus Estimates | +3 years |
|
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| Market Prices | 30 years |
| |
| Ownership | 10 years |
| |
| Management | 10 years |
| |
| Key Developments | 10 years |
|
* Example for US securities, for non-US equivalent regulatory forms and sources are used.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.
Analysis Model and Snowflake
Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.
Learn about the world class team who designed and built the Simply Wall St analysis model.
Industry and Sector Metrics
Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.
Analyst Sources
Macatawa Bank Corporation is covered by 4 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.
| Analyst | Institution |
|---|---|
| Kevin Reevey | D.A. Davidson & Co. |
| Erik Zwick | Hovde Group, LLC |
| Daniel Cardenas | Janney Montgomery Scott LLC |