Eastern Michigan Financial Dividends and Buybacks
Dividend criteria checks 4/6
Eastern Michigan Financial is a dividend paying company with a current yield of 4.56% that is well covered by earnings. Next payment date is on 31st December, 2024 with an ex-dividend date of 24th December, 2024.
Key information
4.6%
Dividend yield
0.6%
Buyback Yield
| Total Shareholder Yield | 5.2% |
| Future Dividend Yield | n/a |
| Dividend Growth | 6.7% |
| Next dividend pay date | 31 Dec 24 |
| Ex dividend date | 24 Dec 24 |
| Dividend per share | US$1.600 |
| Payout ratio | 31% |
Recent dividend and buyback updates
No updates
Recent updates
No updates
Upcoming Dividend Payment
Stability and Growth of Payments
Fetching dividends data
Stable Dividend: EFIN's dividend payments have been volatile in the past 10 years.
Growing Dividend: EFIN's dividend payments have increased over the past 10 years.
Dividend Yield vs Market
| Eastern Michigan Financial Dividend Yield vs Market |
|---|
| Segment | Dividend Yield |
|---|---|
| Company (EFIN) | 4.6% |
| Market Bottom 25% (US) | 1.3% |
| Market Top 25% (US) | 4.2% |
| Industry Average (Banks) | 2.5% |
| Analyst forecast (EFIN) (up to 3 years) | n/a |
Notable Dividend: EFIN's dividend (4.56%) is higher than the bottom 25% of dividend payers in the US market (1.34%).
High Dividend: EFIN's dividend (4.56%) is in the top 25% of dividend payers in the US market (4.2%)
Current Payout to Shareholders
Earnings Coverage: With its reasonably low payout ratio (31%), EFIN'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.