Macatawa Bank Corporation (MCBC) Dividends

Macatawa Bank Corporation (MCBC): $7.50

-0.12 (-1.57%)

POWR Rating

Component Grades

Growth

S

Value

I

Momentum

G

Stability

N

Sentiment

U

Quality

P

Dividend Yield and Dividend History Highlights

  • In terms of compounded growth rate of annual dividends, MCBC's growth rate has been 0.24% over the past 5.5 years.
  • Regarding free cash flow variation: MCBC reports less variability in its cash flow than 96.37% of dividend stocks in our set.
  • To help you reduce price risk in your dividend portfolio, here are the dividend stocks that are least correlated with MCBC's price: AWR, DPZ, NTCO, LITE and PEP.
MCBC Ex-Dividend Date
MCBC Dividend Yield
4.27%
MCBC Annual Dividend
$0.32
MCBC Payout Ratio

MCBC Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$7.50$8.7 7.01%

A technique commonly used by dividend investors to value dividend-issuing stocks is the Dividend Discount Model (DDM), which seeks to determine a fair share price based on the dividend provided by the company relative to a number of other company-specific factors. In the case of MCBC, the dividend discount model StockNews created for the company implies a positive return of 7.01%. Digging deeper, the aspects of Macatawa Bank Corp's dividend discount model that we found most interesting were:

  • In comparison to other stocks in the Financial Services sector, Macatawa Bank Corp offers a higher dividend yield than 81.59% of them.
  • In comparison to other US listed dividend yielding stocks in the Financial Services sector, the expected return of 7.01%, based on the stock's current share price and target price based on a dividend discount model, is greater than 72.3% of the DDM-forecasted return of its its sector peers.
  • Compared to all dividend issuing stocks in our set, Macatawa Bank Corp bears a discount rate, according to our calculations, lower than 72.3% of them (lower discount rates are generally perceived as positive, and a sign of lower risk).
  • Based on dividend growth rate, MCBC boasts a higher growth rate in terms of its annual cash distributed to its owners than 88.98% of the dividend issuers in our set.

MCBC Dividend Chart


MCBC Dividend History

Ex-Dividend Date Type Payout Amount Change
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MCBC Dividends vs. Peers

MCBC's dividend yield currently ranks #8 of 72 vs. its peers in the Midwest Regional Banks category.
Rank Symbol Name Dividend Yield
1 TFSL TFS Financial Corporation 6.09%
2 CIZN Citizens Holding Company 5.37%
3 FSFG First Savings Financial Group, Inc. 5.06%
4 MSBI Midland States Bancorp, Inc. 4.78%
5 PEBO Peoples Bancorp Inc. 4.69%
6 ATLO Ames National Corporation 4.48%
7 MBTF M B T Financial Corp 4.47%
8 MCBC Macatawa Bank Corporation 4.20%
9 IBCP Independent Bank Corporation 4.18%
10 FFBC First Financial Bancorp. 4.14%
11 BUSE First Busey Corporation 4.09%
12 MBWM Mercantile Bank Corporation 4.07%
13 WSBF Waterstone Financial, Inc. 4.02%
14 HBAN Huntington Bancshares Incorporated 3.99%
15 COFS ChoiceOne Financial Services, Inc. 3.96%
16 ASB Associated Banc-Corp 3.91%
17 PFC Premier Financial Corp. 3.68%
18 PRK Park National Corporation 3.67%
19 BFIN BankFinancial Corporation 3.56%
20 ONB Old National Bancorp 3.51%
21 CHFC Chemical Financial Corporation 3.24%
22 MFSF MutualFirst Financial Inc. 3.22%
23 CFFN Capitol Federal Financial, Inc. 3.16%
24 FMBI First Midwest Bancorp, Inc. 3.13%
25 FRME First Merchants Corporation 2.97%
26 FMAO Farmers & Merchants Bancorp, Inc. 2.96%
27 FMNB Farmers National Banc Corp. 2.93%
28 LARK Landmark Bancorp Inc. 2.90%
29 SRCE 1st Source Corporation 2.75%
30 THFF First Financial Corporation Indiana 2.72%
31 MBCN Middlefield Banc Corp. 2.68%
32 FITB Fifth Third Bancorp 2.67%
33 HWBK Hawthorn Bancshares, Inc. 2.66%
34 FBIZ First Business Financial Services, Inc. 2.66%
35 UBOH United Bancshares, Inc. 2.61%
36 MFNC Mackinac Financial Corporation 2.60%
37 SFNC Simmons First National Corporation 2.55%
38 GFED Guaranty Federal Bancshares, Inc. 2.52%
39 FCAP First Capital, Inc. 2.52%
40 NBHC National Bank Holdings Corporation 2.52%
41 SBFG SB Financial Group, Inc. 2.45%
42 GABC German American Bancorp, Inc. 2.39%
43 FMBH First Mid Bancshares, Inc. 2.31%
44 EBMT Eagle Bancorp Montana, Inc. 2.27%
45 MBFI MB Financial Inc. 2.27%
46 LKFN Lakeland Financial Corporation 2.15%
47 SMBC Southern Missouri Bancorp, Inc. 1.83%
48 MSFG MainSource Financial Group, Inc. 1.82%
49 ALTA Altabancorp 1.70%
50 WTFC Wintrust Financial Corporation 1.67%
51 CZWI Citizens Community Bancorp, Inc. 1.67%
52 OSBC Old Second Bancorp, Inc. 1.65%
53 BKMU Bank Mutual Corporation 1.58%
54 CBSH Commerce Bancshares, Inc. 1.58%
55 BY Byline Bancorp, Inc. 1.55%
56 FFWM First Foundation Inc. 1.46%
57 IROQ IF Bancorp, Inc. 1.28%
58 BFC Bank First Corporation 1.25%
59 ICBK County Bancorp, Inc. 1.15%
60 LEVL Level One Bancorp, Inc. 0.85%
61 INBK First Internet Bancorp 0.83%
62 GWB Great Western Bancorp, Inc. 0.63%
63 CFBK Central Federal Corporation 0.59%
64 CASH Meta Financial Group, Inc. 0.39%
65 PVTB PrivateBancorp, Inc. 0.07%
66 NCBS Nicolet Bankshares Inc. 0.00%
67 HMNF HMN Financial, Inc. 0.00%
68 FCFP First Community Financial Partners, Inc. 0.00%
69 EQBK Equity Bancshares, Inc. - 0.00%
70 BWB Bridgewater Bancshares, Inc. 0.00%
71 TCF TCF Financial Corporation 0.00%
72 CBCYB Central Bancompany, Inc. 0.00%

Looking for More Information on MCBC dividends?

Want to see what other sources are saying about Macatawa Bank Corp's dividends? Try the links below:

Macatawa Bank Corp Common Stock (MCBC) Dividend History | Nasdaq
Dividend History for Macatawa Bank Corp (MCBC) - Dividend Investor
Macatawa Bank Corp (MCBC) Dividend History - Seeking Alpha

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