Macatawa Bank Corporation (MCBC) Dividends
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 Price Forecast Based on Dividend Discount Model
| Current Price | DDM Fair Value Target: | Forecasted Gain: |
| $13.85 | $27.16 | 198.19% |
For dividend yielding stocks, the Dividend Discount Model (DDM) is a common valuation tool; it attempts to extrapolate a fair share price based primarily on the dividend the stock provides relative to a number of other quantiative aspects of its business. As for MCBC, the DDM model generated by StockNews estimates a return of positive 198.19% in comparison to its current price. Some interesting points we thought investors may wish to consider regarding the dividend discount model forecast for Macatawa Bank Corp are:
- Beta tells us how volatile a stock's price is relative to the broader equity index; for Macatawa Bank Corp, its beta is lower than 83.01% of dividend issuing stocks we observed.
- In terms of who is growing the amount of dividends they return to shareholders, MCBC boasts a higher growth rate in terms of its annual cash distributed to its owners than 84.38% of the dividend issuers in our set.
- In comparison to its fellow dividend issuing stocks in the Financial Services sector, Macatawa Bank Corp has an equity discount rate lower than 85.8% of them.
MCBC Dividend History
| Ex-Dividend Date | Type | Payout Amount | Change |
|---|---|---|---|
| 2024-02-12 | Dividend | $0.09 | -- |
| 2023-11-13 | Dividend | $0.09 | +12.50% |
| 2023-08-14 | Dividend | $0.08 | -- |
| 2023-05-12 | Dividend | $0.08 | -- |
| 2023-02-10 | Dividend | $0.08 | -- |
| 2022-11-14 | Dividend | $0.08 | -- |
| 2022-08-10 | Dividend | $0.08 | -- |
| 2022-05-11 | Dividend | $0.08 | -- |
| 2022-02-09 | Dividend | $0.08 | -- |
| 2021-11-09 | Dividend | $0.08 | -- |
| 2021-08-10 | Dividend | $0.08 | -- |
| 2021-05-11 | Dividend | $0.08 | -- |
| 2021-02-09 | Dividend | $0.08 | -- |
| 2020-11-09 | Dividend | $0.08 | -- |
| 2020-08-10 | Dividend | $0.08 | -- |
| 2020-05-11 | Dividend | $0.08 | -- |
| 2020-02-10 | Dividend | $0.08 | +14.29% |
| 2019-11-08 | Dividend | $0.07 | -- |
| 2019-08-12 | Dividend | $0.07 | -- |
| 2019-05-13 | Dividend | $0.07 | -- |
| 2019-02-11 | Dividend | $0.07 | -- |
| 2018-11-09 | Dividend | $0.07 | +16.67% |
| 2018-08-13 | Dividend | $0.06 | -- |
| 2018-05-14 | Dividend | $0.06 | -- |
| 2018-02-12 | Dividend | $0.06 | +20.00% |
| 2017-11-13 | Dividend | $0.05 | -- |
| 2017-08-11 | Dividend | $0.05 | +25.00% |
| 2017-05-11 | Dividend | $0.04 | -- |
| 2017-02-09 | Dividend | $0.04 | +33.33% |
| 2016-11-09 | Dividend | $0.03 | -- |
| 2016-08-11 | Dividend | $0.03 | -- |
| 2016-05-11 | Dividend | $0.03 | -- |
| 2016-02-10 | Dividend | $0.03 | -- |
| 2015-11-09 | Dividend | $0.03 | -- |
| 2015-08-11 | Dividend | $0.03 | -- |
| 2015-05-12 | Dividend | $0.03 | +50.00% |
| 2015-02-10 | Dividend | $0.02 | -- |
| 2014-11-04 | Dividend | $0.02 | -- |
| 2014-08-05 | Dividend | $0.02 | -- |
| 2014-05-06 | Dividend | $0.02 | -- |
| 2014-03-05 | Dividend | $0.02 | -84.62% |
| 2008-06-09 | Dividend | $0.13 | -- |
| 2008-03-10 | Dividend | $0.13 | -- |
| 2007-12-06 | Dividend | $0.13 | -- |
| 2007-09-06 | Dividend | $0.13 | -- |
| 2007-06-07 | Dividend | $0.13 | -- |
| 2007-03-06 | Dividend | $0.13 | -- |
| 2006-12-05 | Dividend | $0.13 | +8.33% |
| 2006-09-05 | Dividend | $0.12 | +100.00% |
| 2006-06-30 | Split | 3-2-for-1 Stock Split | N/A |
| 2006-06-08 | Dividend | $0.18 | -- |
| 2006-03-07 | Dividend | $0.18 | -- |
| 2005-12-06 | Dividend | $0.18 | +20.00% |
| 2005-09-06 | Dividend | $0.15 | -- |
| 2005-06-06 | Dividend | $0.15 | -- |
| 2005-03-07 | Dividend | $0.15 | -- |
| 2004-12-07 | Dividend | $0.15 | +25.00% |
| 2004-09-03 | Dividend | $0.12 | -- |
| 2004-06-14 | Dividend | $0.12 | -- |
| 2004-03-05 | Dividend | $0.12 | -- |
| 2003-12-05 | Dividend | $0.12 | +20.00% |
| 2003-09-04 | Dividend | $0.10 | -- |
| 2003-06-06 | Dividend | $0.10 | -- |
| 2003-03-05 | Dividend | $0.10 | -- |
| 2002-12-06 | Dividend | $0.10 | +25.00% |
| 2002-09-05 | Dividend | $0.08 | -- |
| 2002-06-05 | Dividend | $0.08 | +2.56% |
| 2002-04-25 | Dividend | $0.08 | -2.50% |
| 2002-03-06 | Dividend | $0.08 | -- |
| 2001-12-03 | Dividend | $0.08 | +14.29% |
| 2001-08-31 | Dividend | $0.07 | -- |
| 2001-06-04 | Dividend | $0.07 | -- |
| 2001-03-05 | Dividend | $0.07 | -- |
| 2000-12-04 | Dividend | $0.07 | -- |
MCBC Dividends vs. Peers
MCBC's dividend yield currently ranks #34 of 73 vs. its peers in the Midwest Regional Banks category.
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