Macatawa Bank Corporation (MCBC) Dividends

Macatawa Bank Corporation (MCBC): $9.76

0.01 (+0.10%)

POWR Rating

Component Grades

Momentum

C

Stability

B

Sentiment

Quality

D

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Industry: Midwest Regional Banks

Industry

F

Ranked

#14 of 47

in industry

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
3.63%
MCBC Annual Dividend
$0.36
MCBC Payout Ratio

MCBC Price Forecast Based on Dividend Discount Model

Current PriceDDM Fair Value Target: Forecasted Gain:
$9.76$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
2024-02-12Dividend$0.09--
2023-11-13Dividend$0.09+12.50%
2023-08-14Dividend$0.08--
2023-05-12Dividend$0.08--
2023-02-10Dividend$0.08--
2022-11-14Dividend$0.08--
2022-08-10Dividend$0.08--
2022-05-11Dividend$0.08--
2022-02-09Dividend$0.08--
2021-11-09Dividend$0.08--
2021-08-10Dividend$0.08--
2021-05-11Dividend$0.08--
2021-02-09Dividend$0.08--
2020-11-09Dividend$0.08--
2020-08-10Dividend$0.08--
2020-05-11Dividend$0.08--
2020-02-10Dividend$0.08+14.29%
2019-11-08Dividend$0.07--
2019-08-12Dividend$0.07--
2019-05-13Dividend$0.07--
2019-02-11Dividend$0.07--
2018-11-09Dividend$0.07+16.67%
2018-08-13Dividend$0.06--
2018-05-14Dividend$0.06--
2018-02-12Dividend$0.06+20.00%
2017-11-13Dividend$0.05--
2017-08-11Dividend$0.05+25.00%
2017-05-11Dividend$0.04--
2017-02-09Dividend$0.04+33.33%
2016-11-09Dividend$0.03--
2016-08-11Dividend$0.03--
2016-05-11Dividend$0.03--
2016-02-10Dividend$0.03--
2015-11-09Dividend$0.03--
2015-08-11Dividend$0.03--
2015-05-12Dividend$0.03+50.00%
2015-02-10Dividend$0.02--
2014-11-04Dividend$0.02--
2014-08-05Dividend$0.02--
2014-05-06Dividend$0.02--
2014-03-05Dividend$0.02-84.62%
2008-06-09Dividend$0.13--
2008-03-10Dividend$0.13--
2007-12-06Dividend$0.13--
2007-09-06Dividend$0.13--
2007-06-07Dividend$0.13--
2007-03-06Dividend$0.13--
2006-12-05Dividend$0.13+8.33%
2006-09-05Dividend$0.12+100.00%
2006-06-30Split3-2-for-1 Stock SplitN/A
2006-06-08Dividend$0.18--
2006-03-07Dividend$0.18--
2005-12-06Dividend$0.18+20.00%
2005-09-06Dividend$0.15--
2005-06-06Dividend$0.15--
2005-03-07Dividend$0.15--
2004-12-07Dividend$0.15+25.00%
2004-09-03Dividend$0.12--
2004-06-14Dividend$0.12--
2004-03-05Dividend$0.12--
2003-12-05Dividend$0.12+20.00%
2003-09-04Dividend$0.10--
2003-06-06Dividend$0.10--
2003-03-05Dividend$0.10--
2002-12-06Dividend$0.10+25.00%
2002-09-05Dividend$0.08--
2002-06-05Dividend$0.08+2.56%
2002-04-25Dividend$0.08-2.50%
2002-03-06Dividend$0.08--
2001-12-03Dividend$0.08+14.29%
2001-08-31Dividend$0.07--
2001-06-04Dividend$0.07--
2001-03-05Dividend$0.07--
2000-12-04Dividend$0.07--


MCBC Dividends vs. Peers

MCBC's dividend yield currently ranks #34 of 73 vs. its peers in the Midwest Regional Banks category.
Rank Symbol Name Dividend Yield
1 FRME First Merchants Corporation 0.00%
2 HWBK Hawthorn Bancshares, Inc. 0.00%
3 NCBS Nicolet Bankshares Inc. 0.00%
4 GWB Great Western Bancorp, Inc. 0.00%
5 SBFG SB Financial Group, Inc. 0.00%
6 BKMU Bank Mutual Corporation 0.00%
7 FSFG First Savings Financial Group, Inc. 0.00%
8 LKFN Lakeland Financial Corporation 0.00%
9 IBCP Independent Bank Corporation 0.00%
10 MSBI Midland States Bancorp, Inc. 0.00%
11 ICBK County Bancorp, Inc. 0.00%
12 EBMT Eagle Bancorp Montana, Inc. 0.00%
13 CBCYB Central Bancompany, Inc. 0.00%
14 TFSL TFS Financial Corporation 0.00%
15 GABC German American Bancorp, Inc. 0.00%
16 SFNC Simmons First National Corporation 0.00%
17 THFF First Financial Corp. (Indiana) 0.00%
18 LEVL Level One Bancorp, Inc. 0.00%
19 ALTA Altabancorp 0.00%
20 INBK First Internet Bancorp 0.00%
21 PFC Premier Financial Corp. 0.00%
22 BUSE First Busey Corporation 0.00%
23 GFED Guaranty Federal Bancshares, Inc. 0.00%
24 KEY KeyCorp 0.00%
25 BY Byline Bancorp, Inc. 0.00%
26 WSBF Waterstone Financial, Inc. 0.00%
27 MBCN Middlefield Banc Corp. 0.00%
28 MBFI MB Financial Inc. 0.00%
29 PRK Park National Corporation 0.00%
30 PVTB PrivateBancorp, Inc. 0.00%
31 WTFC Wintrust Financial Corporation 0.00%
32 MBTF M B T Financial Corp 0.00%
33 MBWM Mercantile Bank Corporation 0.00%
34 MCBC Macatawa Bank Corporation 0.00%
35 COFS ChoiceOne Financial Services, Inc. 0.00%
36 SMBC Southern Missouri Bancorp, Inc. 0.00%
37 IROQ IF Bancorp, Inc. 0.00%
38 CASH Meta Financial Group, Inc. 0.00%
39 ONB Old National Bancorp 0.00%
40 MFNC Mackinac Financial Corporation 0.00%
41 MFSF MutualFirst Financial Inc. 0.00%
42 CBSH Commerce Bancshares, Inc. 0.00%
43 FMAO Farmers & Merchants Bancorp, Inc. 0.00%
44 UBOH United Bancshares, Inc. 0.00%
45 OSBC Old Second Bancorp, Inc. 0.00%
46 FBIZ First Business Financial Services, Inc. 0.00%
47 FCAP First Capital, Inc. 0.00%
48 ATLO Ames National Corporation 0.00%
49 ASB Associated Banc-Corp 0.00%
50 HBAN Huntington Bancshares Inc. 0.00%
51 CZWI Citizens Community Bancorp, Inc. 0.00%
52 SRCE 1st Source Corporation 0.00%
53 FFBC First Financial Bancorp. 0.00%
54 CFBK Central Federal Corporation 0.00%
55 CFFN Capitol Federal Financial, Inc. 0.00%
56 BFC Bank First Corporation 0.00%
57 FFWM First Foundation Inc. 0.00%
58 FITB Fifth Third Bancorp 0.00%
59 NBHC National Bank Holdings Corporation 0.00%
60 CHFC Chemical Financial Corporation 0.00%
61 MSFG MainSource Financial Group, Inc. 0.00%
62 HMNF HMN Financial, Inc. 0.00%
63 PEBO Peoples Bancorp Inc. 0.00%
64 FMBH First Mid Bancshares, Inc. 0.00%
65 FMBI First Midwest Bancorp, Inc. 0.00%
66 LARK Landmark Bancorp Inc. 0.00%
67 FMNB Farmers National Banc Corp. 0.00%
68 FCFP First Community Financial Partners, Inc. 0.00%
69 EQBK Equity Bancshares, Inc. - 0.00%
70 CIZN Citizens Holding Company 0.00%
71 BFIN BankFinancial Corporation 0.00%
72 BWB Bridgewater Bancshares, Inc. 0.00%
73 TCF TCF Financial Corporation 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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