Macatawa Bank Corporation (MCBC) Dividends

Macatawa Bank Corporation (MCBC)

Today's Latest Price: $7.59 USD

0.32 (4.40%)

Updated Oct 22 4:00pm

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Overall POWR Rating


POWR Components:

 Trade Grade  Buy & Hold Grade  Peer Grade  Industry Rank


Industry Rank:

Ranked of 53 in Midwest Regional Banks

See all "A" rated Strong Buy stocks

Dividend Yield and Dividend History Highlights

  • If you care about predictable cash flow, note that MCBC reports less variability in its free cash flow than 91.38% of the dividend stocks we're tracking.
  • MCBC has an EBITDA to net debt ratio of 39,740,000; for context, that's better than 87.66% stocks in our set (note that its net debt is negative, meaning it has more cash than debt).
  • If you want to include this stock in your dividend portfolio, here are some dividend stocks that are NOT correlated with MCBC that may be suitable potential portfolio mates: THO, INOV, IMKTA, INTU and PSMT.
MCBC Ex-Dividend Date
MCBC Dividend Yield
4.40%
MCBC Annual Dividend
$0.32
MCBC Payout Ratio

MCBC Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$7.59$8.28 15.12%

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. Regarding Macatawa Bank Corp, the DDM model generated by StockNews estimates a return of positive 15.12% in comparison to its current price. To help understand and contextualize the model's evaluation of MCBC, investors may wish to consider are:

  • In comparison to stocks we observe that provide shareholders with a dividend, Macatawa Bank Corp produces a dividend yield 4.72% -- which falls in the top 26.15%.
  • Beta, a measure of volatility relative to the stock market overall, is lower for MCBC than it is for 79.24% of other equities in the Financial Services sector that also issue dividends.
  • Based on dividend growth rate, MCBC boasts a higher growth rate in terms of its annual cash distributed to its owners than 78.09% 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 #17 of 59 vs. its peers in the Midwest Regional Banks category.
Rank Symbol Name Dividend Yield
1 MSBI Midland States Bancorp, Inc. 7.86%
2 FFBC First Financial Bancorp. 7.46%
3 TFSL TFS Financial Corporation 7.18%
4 PEBO Peoples Bancorp Inc. 6.91%
5 HBAN Huntington Bancshares Incorporated 6.43%
6 IBCP Independent Bank Corporation 6.12%
7 ATLO Ames National Corporation 5.96%
8 MFNC Mackinac Financial Corporation 5.87%
9 MBWM Mercantile Bank Corporation 5.71%
10 TCF TCF Financial Corporation 5.71%
11 ASB Associated Banc-Corp 5.58%
12 BFIN BankFinancial Corporation 5.49%
13 BUSE First Busey Corporation 5.34%
14 FMBI First Midwest Bancorp, Inc. 5.05%
15 FITB Fifth Third Bancorp 4.93%
16 PRK Park National Corporation 4.83%
17 MCBC Macatawa Bank Corporation 4.72%
18 FBIZ First Business Financial Services, Inc. 4.49%
19 MBTF M B T Financial Corp 4.47%
20 ONB Old National Bancorp 4.33%
21 FRME First Merchants Corporation 4.27%
22 GFED Guaranty Federal Bancshares, Inc. 4.26%
23 SFNC Simmons First National Corporation 4.20%
24 LARK Landmark Bancorp Inc. 3.85%
25 FMNB Farmers National Banc Corp. 3.85%
26 SRCE 1st Source Corporation 3.52%
27 FMAO Farmers & Merchants Bancorp, Inc. 3.36%
28 CHFC Chemical Financial Corporation 3.24%
29 MFSF MutualFirst Financial Inc. 3.22%
30 CFFN Capitol Federal Financial, Inc. 3.21%
31 THFF First Financial Corporation Indiana 3.18%
32 MBCN Middlefield Banc Corp. 3.14%
33 FMBH First Mid Bancshares, Inc. 3.13%
34 WSBF Waterstone Financial, Inc. 3.01%
35 CZWI Citizens Community Bancorp, Inc. 2.99%
36 NBHC National Bank Holdings Corporation 2.98%
37 LKFN Lakeland Financial Corporation 2.83%
38 GABC German American Bancorp, Inc. 2.72%
39 WTFC Wintrust Financial Corporation 2.61%
40 SMBC Southern Missouri Bancorp, Inc. 2.57%
41 MBFI MB Financial Inc. 2.27%
42 FFWM First Foundation Inc. 2.08%
43 CBSH Commerce Bancshares, Inc. 1.90%
44 MSFG MainSource Financial Group, Inc. 1.82%
45 FCAP First Capital, Inc. 1.69%
46 BKMU Bank Mutual Corporation 1.58%
47 ICBK County Bancorp, Inc. 1.54%
48 INBK First Internet Bancorp 1.52%
49 LEVL Level One Bancorp, Inc. 1.32%
50 FSFG First Savings Financial Group, Inc. 1.28%
51 BY Byline Bancorp, Inc. 1.03%
52 CASH Meta Financial Group, Inc. 0.98%
53 OSBC Old Second Bancorp, Inc. 0.49%
54 GWB Great Western Bancorp, Inc. 0.31%
55 PVTB PrivateBancorp, Inc. 0.07%
56 NCBS Nicolet Bankshares Inc. 0.00%
57 FCFP First Community Financial Partners, Inc. 0.00%
58 EQBK Equity Bancshares, Inc. - 0.00%
59 BWB Bridgewater Bancshares, 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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