Macatawa Bank Corporation operates as the bank holding company for Macatawa Bank that provides commercial and consumer banking and trust services. The company accepts various deposits, such as checking accounts, savings accounts, time deposits, regular and money market savings accounts, certificates of deposit, and demand deposits. Its loan products include commercial and industrial loans comprising loans to finance operations and equipment; commercial real estate loans, which consist of construction and development, multi-family, and other non-residential real estate loans; and residential mortgage loans, as well as consumer loans, including automobile loans, home equity lines of credit and installment loans, home improvement loans, deposit account loans, and other loans for household and personal purposes. The company also offers ATM and debit card processing, cash management, trust, and brokerage services. In addition, it provides fraud protection; collection services; disbursement solutions; fund management; and investment and retirement plan services. It serves individuals, businesses, associations, churches, nonprofit organizations, financial institutions, and government authorities. As of December 31, 2021, the company had 26 full-service branches in Kent, Ottawa, and northern Allegan counties, Michigan. Macatawa Bank Corporation was incorporated in 1997 and is based in Holland, Michigan.
Macatawa Bank Dividend Announcement
• Macatawa Bank announced a quarterly dividend of $0.09 per ordinary share which will be made payable on 2024-05-30. Ex dividend date: 2024-05-10
• Macatawa Bank annual dividend for 2024 was $0.18
• Macatawa Bank annual dividend for 2023 was $0.33
• Macatawa Bank's trailing twelve-month (TTM) dividend yield is 1.21%
• Macatawa Bank's payout ratio for the trailing twelve months (TTM) is 28.37%
• Macatawa Bank's dividend growth over the last five years (2018-2023) was 5.71% year
Macatawa Bank Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-05-10 | $0.09 | quarterly | 2024-05-30 |
2024-02-12 | $0.09 | quarterly | 2024-02-28 |
2023-11-13 | $0.09 | quarterly | 2023-11-29 |
2023-08-14 | $0.08 | quarterly | 2023-08-30 |
2023-05-12 | $0.08 | quarterly | 2023-05-30 |
2023-02-10 | $0.08 | quarterly | 2023-02-28 |
2022-11-14 | $0.08 | quarterly | 2022-11-30 |
2022-08-10 | $0.08 | quarterly | 2022-08-25 |
2022-05-11 | $0.08 | quarterly | 2022-05-26 |
2022-02-09 | $0.08 | quarterly | 2022-02-24 |
2021-11-09 | $0.08 | quarterly | 2021-11-29 |
2021-08-10 | $0.08 | quarterly | 2021-08-26 |
2021-05-11 | $0.08 | quarterly | 2021-05-27 |
2021-02-09 | $0.08 | quarterly | 2021-02-25 |
2020-11-09 | $0.08 | quarterly | 2020-11-25 |
2020-08-10 | $0.08 | quarterly | 2020-08-27 |
2020-05-11 | $0.08 | quarterly | 2020-05-28 |
2020-02-10 | $0.08 | quarterly | 2020-02-27 |
2019-11-08 | $0.07 | quarterly | 2019-11-27 |
2019-08-12 | $0.07 | quarterly | 2019-08-29 |
2019-05-13 | $0.07 | quarterly | 2019-05-30 |
2019-02-11 | $0.07 | quarterly | 2019-02-27 |
2018-11-09 | $0.07 | quarterly | 2018-11-28 |
2018-08-13 | $0.06 | quarterly | 2018-08-29 |
2018-05-14 | $0.06 | quarterly | 2018-05-30 |
2018-02-12 | $0.06 | quarterly | 2018-02-28 |
2017-11-13 | $0.05 | quarterly | 2017-11-29 |
2017-08-11 | $0.05 | quarterly | 2017-08-30 |
2017-05-11 | $0.04 | quarterly | 2017-05-30 |
2017-02-09 | $0.04 | quarterly | 2017-02-28 |
2016-11-09 | $0.03 | quarterly | 2016-11-29 |
2016-08-11 | $0.03 | quarterly | 2016-08-30 |
2016-05-11 | $0.03 | quarterly | 2016-05-27 |
2016-02-10 | $0.03 | quarterly | 2016-02-26 |
2015-11-09 | $0.03 | quarterly | 2015-11-27 |
2015-08-11 | $0.03 | quarterly | 2015-08-28 |
2015-05-12 | $0.03 | quarterly | 2015-05-29 |
2015-02-10 | $0.02 | quarterly | 2015-02-27 |
2014-11-04 | $0.02 | quarterly | 2014-11-28 |
2014-08-05 | $0.02 | quarterly | 2014-08-28 |
2014-05-06 | $0.02 | quarterly | 2014-05-29 |
2014-03-05 | $0.02 | quarterly | 2014-03-28 |
2008-06-09 | $0.13 | quarterly | 2008-06-27 |
2008-03-10 | $0.13 | quarterly | 2008-03-28 |
Macatawa Bank Dividend per year
Macatawa Bank Dividend growth
Macatawa Bank Dividend Yield
Macatawa Bank current trailing twelve-month (TTM) dividend yield is 1.21%. Interested in purchasing Macatawa Bank stock? Use our calculator to estimate your expected dividend yield:
Macatawa Bank Financial Ratios
Macatawa Bank Dividend FAQ
Other factors to consider when evaluating Macatawa Bank 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: Macatawa Bank'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, Macatawa Bank 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, Macatawa Bank 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 Macatawa Bank 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: Macatawa Bank 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, Macatawa Bank distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Macatawa Bank 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 Macatawa Bank'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 Macatawa Bank'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.