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 2024-12-31. Ex dividend date: 2024-12-24
• Eastern Michigan Financial annual dividend for 2024 was $2.10
• Eastern Michigan Financial annual dividend for 2023 was $1.50
• Eastern Michigan Financial's trailing twelve-month (TTM) dividend yield is 5.93%
• 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 date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-24 | $0.40 | quarterly | 2024-12-31 |
2024-09-20 | $0.40 | quarterly | 2024-09-27 |
2024-06-21 | $0.40 | quarterly | 2024-06-28 |
2024-03-21 | $0.40 | quarterly | 2024-03-29 |
2024-03-07 | $0.50 | quarterly | 2024-03-15 |
2023-12-21 | $0.40 | quarterly | 2023-12-29 |
2023-09-21 | $0.40 | quarterly | 2023-09-29 |
2023-06-22 | $0.35 | quarterly | 2023-06-30 |
2023-03-23 | $0.35 | quarterly | 2023-03-31 |
2022-12-22 | $0.35 | quarterly | 2022-12-30 |
2022-09-22 | $0.35 | quarterly | 2022-09-30 |
2022-06-22 | $0.30 | quarterly | 2022-06-30 |
2022-03-23 | $0.30 | quarterly | 2022-03-31 |
2022-03-03 | $0.50 | quarterly | 2022-03-11 |
2021-12-22 | $0.30 | quarterly | 2021-12-31 |
2021-09-22 | $0.30 | quarterly | 2021-09-30 |
2021-06-22 | $0.25 | quarterly | 2021-06-30 |
2021-03-23 | $0.25 | quarterly | 2021-03-31 |
2020-12-23 | $0.25 | quarterly | 2020-12-31 |
2020-09-22 | $0.25 | quarterly | 2020-09-30 |
2020-06-22 | $0.25 | quarterly | 2020-06-30 |
2020-03-23 | $0.25 | quarterly | 2020-03-31 |
2019-12-20 | $0.25 | quarterly | 2019-12-30 |
2019-09-20 | $0.25 | quarterly | 2019-09-30 |
2019-06-20 | $0.17 | quarterly | 2019-06-28 |
2019-03-21 | $0.17 | quarterly | 2019-03-29 |
2018-12-21 | $0.30 | quarterly | 2018-12-31 |
2018-09-20 | $0.17 | quarterly | 2018-09-28 |
2018-06-21 | $0.13 | quarterly | 2018-06-29 |
2018-03-22 | $0.13 | quarterly | 2018-03-30 |
2017-12-21 | $0.26 | quarterly | 2017-12-29 |
2017-09-21 | $0.13 | quarterly | 2017-09-29 |
2017-06-21 | $0.12 | quarterly | 2017-06-30 |
2017-03-22 | $0.12 | quarterly | 2017-03-31 |
2016-12-21 | $0.24 | quarterly | |
2016-09-21 | $0.12 | quarterly | |
2016-06-21 | $0.12 | quarterly | |
2016-03-22 | $0.12 | quarterly | |
2015-12-22 | $0.19 | quarterly | |
2015-09-21 | $0.12 | quarterly | |
2015-06-19 | $0.12 | quarterly | |
2015-03-20 | $0.12 | quarterly | |
2014-12-22 | $0.19 | quarterly | |
2014-09-19 | $0.12 | quarterly | |
2014-06-19 | $0.12 | quarterly | |
2014-03-20 | $0.12 | quarterly | |
2013-12-20 | $0.19 | quarterly | |
2013-09-19 | $0.12 | quarterly | |
2013-06-19 | $0.12 | quarterly | |
2013-03-20 | $0.12 | quarterly |
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 5.93%. Interested in purchasing Eastern Michigan Financial stock? Use our calculator to estimate your expected dividend yield:
Eastern Michigan Financial Financial Ratios
Eastern Michigan Financial Dividend FAQ
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.
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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.
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.
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.