company-logo

Eastern Michigan Financial Corporation operates as the bank holding company for Eastern Michigan Bank that provides retail and commercial banking services in Michigan. The company offers interest- and noninterest-bearing checking and savings accounts, individual retirement accounts, time deposits, and certificates of deposit. It also provides home equity lines of credit, home equity term loans, automobile and truck loans, home mortgage loans, unsecured personal loans, and student loans, as well as RV, motorcycle, snowmobile, jet ski, boat, and ATV loans; equipment financing and loans, vehicle loans, working capital lines of credit, commercial real estate loans, construction and land development loans, multi-family dwelling loans, and small business association loans; and farm, construction, livestock, FSA guaranteed, and long term fixed rates loans services. In addition, the company offers cash management, online and mobile banking, bill pay, debit and credit cards, gift cards, telephone and voice response banking, electronic payment, merchant, remote deposit capture, lockbox, night deposit, notary, and safe deposit box services. It operates through nine branches in the counties of Sanilac, Huron, and St. Clair, Michigan. The company was founded in 1895 and is headquartered in Croswell, Michigan.

Eastern Michigan Financial Dividend Announcement

Eastern Michigan Financial announced a quarterly dividend of $0.40 per ordinary share which will be made payable on 2024-09-27. Ex dividend date: 2024-09-20
Eastern Michigan Financial annual dividend for 2024 was $1.70
Eastern Michigan Financial annual dividend for 2023 was $1.50
Eastern Michigan Financial's trailing twelve-month (TTM) dividend yield is 7.14%
Eastern Michigan Financial's dividend growth over the last five years (2018-2023) was 15.49% year
Eastern Michigan Financial's dividend growth over the last ten years (2013-2023) was 10.55% year

Eastern Michigan Financial Dividend History

Ex-Div dateDividend amountDividend typePay date
2024-09-20$0.40quarterly2024-09-27
2024-06-21$0.40quarterly2024-06-28
2024-03-21$0.40quarterly2024-03-29
2024-03-07$0.50quarterly2024-03-15
2023-12-21$0.40quarterly2023-12-29
2023-09-21$0.40quarterly2023-09-29
2023-06-22$0.35quarterly2023-06-30
2023-03-23$0.35quarterly2023-03-31
2022-12-22$0.35quarterly2022-12-30
2022-09-22$0.35quarterly2022-09-30
2022-06-22$0.30quarterly2022-06-30
2022-03-23$0.30quarterly2022-03-31
2022-03-03$0.50quarterly2022-03-11
2021-12-22$0.30quarterly2021-12-31
2021-09-22$0.30quarterly2021-09-30
2021-06-22$0.25quarterly2021-06-30
2021-03-23$0.25quarterly2021-03-31
2020-12-23$0.25quarterly2020-12-31
2020-09-22$0.25quarterly2020-09-30
2020-06-22$0.25quarterly2020-06-30
2020-03-23$0.25quarterly2020-03-31
2019-12-20$0.25quarterly2019-12-30
2019-09-20$0.25quarterly2019-09-30
2019-06-20$0.17quarterly2019-06-28
2019-03-21$0.17quarterly2019-03-29
2018-12-21$0.30quarterly2018-12-31
2018-09-20$0.17quarterly2018-09-28
2018-06-21$0.13quarterly2018-06-29
2018-03-22$0.13quarterly2018-03-30
2017-12-21$0.26quarterly2017-12-29
2017-09-21$0.13quarterly2017-09-29
2017-06-21$0.12quarterly2017-06-30
2017-03-22$0.12quarterly2017-03-31
2016-12-21$0.24quarterly
2016-09-21$0.12quarterly
2016-06-21$0.12quarterly
2016-03-22$0.12quarterly
2015-12-22$0.19quarterly
2015-09-21$0.12quarterly
2015-06-19$0.12quarterly
2015-03-20$0.12quarterly
2014-12-22$0.19quarterly
2014-09-19$0.12quarterly
2014-06-19$0.12quarterly
2014-03-20$0.12quarterly
2013-12-20$0.19quarterly
2013-09-19$0.12quarterly
2013-06-19$0.12quarterly
2013-03-20$0.12quarterly

Eastern Michigan Financial Dividend per year

Eastern Michigan Financial Dividend growth

Eastern Michigan Financial Dividend Yield

Eastern Michigan Financial current trailing twelve-month (TTM) dividend yield is 7.14%. Interested in purchasing Eastern Michigan Financial stock? Use our calculator to estimate your expected dividend yield:

Eastern Michigan Financial Financial Ratios

P/E ratio6.84
PEG ratio0.15
P/B ratio0.91
ROE14.93%
Payout ratio0.00%
Current ratio0.00
Quick ratio0.00
Cash Ratio0.00

Eastern Michigan Financial Dividend FAQ

How much is the next Eastern Michigan Financial dividend?
Eastern Michigan Financial's board of directors will review the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the next Eastern Michigan Financial dividend. The next Eastern Michigan Financial dividend will be released in March, June, September, or December.
When is Eastern Michigan Financial dividend paid?
Eastern Michigan Financial pays dividends on a quarterly basis. The specific dates may vary each year but are generally around March, June, September, and December. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
What dividend does Eastern Michigan Financial pay?
The specific amount of Eastern Michigan Financial dividend can vary from quarter to quarter and year to year, based on a variety of factors including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Eastern Michigan Financial's dividend history.
Does Eastern Michigan Financial stock pay dividends?
Yes, Eastern Michigan Financial does pay dividends to its shareholders. However, the specific amount and frequency of these dividends can vary based on a variety of factors, including the company's financial performance, the global economic situation, and the decisions of its board of directors. In the above table you can find Eastern Michigan Financial's dividend history.
How much dividend does Eastern Michigan Financial pay?
Eastern Michigan Financial paid $1.7 in 2024, $1.5 in 2023, $1.8 in 2022, $1.1 in 2021, and $1.0 in 2020.
How often does Eastern Michigan Financial pay dividends?
Eastern Michigan Financial typically pays dividends on a quarterly basis. This means that dividends are usually distributed 4 times a year. The specific payout dates may vary each year but generally fall around March, June, September, and December.
What is Eastern Michigan Financial's dividend yield?
The current dividend yield for Eastern Michigan Financial is 7.14%. The dividend yield is calculated by dividing the annual dividend payment by the price of the stock. Both of these numbers can fluctuate daily due to changes in the stock price and any updates to the dividend payment. Use the dividend calculator on this page to calculate Eastern Michigan Financial's exact dividend yield.
When does Eastern Michigan Financial go ex dividend?
Eastern Michigan Financial's ex-dividend date for the latest dividend was on 2024-09-20. Eastern Michigan Financial typically goes ex-dividend a few weeks before the payment date. The specific dates can vary each year and for each dividend payment.
When is the next Eastern Michigan Financial dividend paid?
Eastern Michigan Financial pays dividends on a quarterly basis, typically around March, June, September, or December, but the exact dates can vary each year.
Will Eastern Michigan Financial increase its dividend?
Decisions about dividend payments are made by the company's board of directors and are based on a variety of factors. To understand whether Eastern Michigan Financial will increase its dividend, it's beneficial to look at the company's earnings, financial health, future business prospects, and the overall economic environment.
How much is Eastern Michigan Financial dividend per share?
Eastern Michigan Financial paid $1.7 per share in 2024 and $1.5 per share in 2023. The amount of dividend per share that Eastern Michigan Financial pays can vary each quarter based on a range of factors including the company's earnings, financial health, and decisions made by its board of directors.
Is Eastern Michigan Financial a dividend aristocrat?
No, the term "Dividend Aristocrat" is typically used to describe a company in the S&P 500 index that has increased its dividend payouts for at least 25 consecutive years.
Is Eastern Michigan Financial a dividend king?
No, a "Dividend King" is a company that has managed to increase its dividend payouts for 50 consecutive years or more, which is an even more selective group than the Dividend Aristocrats.
Is Eastern Michigan Financial a dividend stock?
Yes, Eastern Michigan Financial is considered a dividend stock. A dividend stock is a stock of a company that regularly pays out dividends to its shareholders.
Is Eastern Michigan Financial a good dividend stock?
Whether Eastern Michigan Financial is a good dividend stock depends on several factors and can vary depending on individual investment goals, risk tolerance, and the overall market conditions. Eastern Michigan Financial has a history of paying regular dividends, which can make it attractive to income-focused investors.

Other factors to consider when evaluating Eastern Michigan Financial as a dividend stock include its dividend yield, dividend growth, payout ratio, and the sustainability of its dividend payments given its earnings and cash flow. These factors can provide insight into the company's ability to maintain or increase its dividend in the future.
Does Eastern Michigan Financial pay dividends monthly?
Eastern Michigan Financial typically pays dividends on a quarterly basis.
Does Eastern Michigan Financial pay dividends quarterly?
Eastern Michigan Financial currently pays dividends on a quarterly basis.
Has Eastern Michigan Financial ever paid a dividend?
Yes, Eastern Michigan Financial has a history of paying dividends to its shareholders. Eastern Michigan Financial is known for its dividend payments, which have made it an attractive investment for income-focused investors.
How to buy Eastern Michigan Financial dividend stocks?
To buy Eastern Michigan Financial you need a brokerage account. Open an account with a reputable brokerage firm that offers access to the stock market. Consider factors such as fees, account minimums, and the availability of dividend reinvestment programs (DRIPs) if you wish to reinvest your dividends automatically.

Place an order: Use the brokerage's trading platform to place an order to buy Eastern Michigan Financial stock.

Remember that buying stocks involves risk, and it's important to carefully consider your investment goals, risk tolerance, and conduct thorough research before making any investment decisions.
When does Eastern Michigan Financial pay dividends 2024?
Eastern Michigan Financial pays dividends on a quarterly basis. 2024 dividend payments are in 2024-09-27. However, please note that the exact timing and amount can vary, and companies may also decide to change their dividend policy based on their financial health and other considerations.
Will Eastern Michigan Financial increase its dividend in 2024?
Decisions regarding Eastern Michigan Financial dividend increases are typically made by a company's board of directors based on various factors, including financial performance, cash flow, investment needs, and market conditions. For an up-to-date Eastern Michigan Financial dividend overview you can look into the above table of dividend history.
How Eastern Michigan Financial dividend works?
The Eastern Michigan Financial dividend works by distributing a portion of the company's profits to its shareholders on a per-share basis. Here's a general overview of how Eastern Michigan Financial's dividend process works:

1. Determination of Dividend: Eastern Michigan Financial's board of directors reviews the company's financial performance, cash flow, future investment needs, and other relevant factors to determine the amount and timing of dividend payments.

2. Dividend Declaration: Once the board approves a dividend, Eastern Michigan Financial publicly announces the dividend amount, currency, and the ex-dividend date. The ex-dividend date is the date on or after which the buyer of the stock will not be eligible to receive the upcoming dividend payment.

3. Record Date: The record date is the date on which the company checks its records to identify shareholders who are eligible to receive the dividend. Only shareholders on record as of this date will receive the dividend.

4. Payment Date: On the designated payment date, Eastern Michigan Financial distributes the dividend to eligible shareholders. The dividend is usually paid in the form of cash directly into the shareholder's brokerage account or through other designated payment methods.

5. Tax Implications: Dividends received from Eastern Michigan Financial are generally taxable as income. Shareholders may need to report dividend income on their tax returns and pay applicable taxes according to their jurisdiction's tax regulations.
How are Eastern Michigan Financial dividends paid?
Eastern Michigan Financial dividends are typically paid in cash directly to eligible shareholders. The payment process involves the following steps:

1. Record Date: Eastern Michigan Financial sets a record date, which is the date on which the company checks its records to determine the eligible shareholders. Only those who are shareholders on record as of this date will receive the dividend.

2. Payment Date: On the designated payment date, Eastern Michigan Financial distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.

3. Currency: Eastern Michigan Financial declares the currency in which the dividend will be paid. Depending on the shareholder's location and the currency election made by the shareholder, the dividend will be converted to the appropriate currency during the payment process.
How many times does Eastern Michigan Financial pay dividends?
Eastern Michigan Financial typically pays dividends on a quarterly basis. The specific payment dates can vary each year and are usually announced when the company releases its financial results for each quarter.
What months does Eastern Michigan Financial pay dividends?
The general pattern is that Eastern Michigan Financial pays dividends around March, June, September, and December. However, the exact payment dates can vary each year and are typically announced when the company releases its financial results for each quarter.
Is Eastern Michigan Financial dividend safe?
The safety of Eastern Michigan Financial's dividend is subject to various factors and cannot be determined with certainty. It is influenced by the company's financial performance, cash flow, and the overall economic and industry conditions.

To assess the safety of Eastern Michigan Financial's dividend, it is crucial to analyze the company's financial health, debt levels, cash flow generation, and ability to sustain dividend payments over the long term. Additionally, monitoring the company's future earnings, cash flow projections, and management's commitment to dividend policies can provide valuable insights.

It is recommended to review Eastern Michigan Financial's financial reports, official announcements, and consult with financial advisors or experts who have access to the most current and comprehensive information about the company's financial situation.