Merchants & Marine Bancorp, Inc. operates as the holding company for Merchants & Marine Bank that provides personal and business banking products and services in Jackson and George Counties, Mississippi, and Baldwin County in Alabama. The company offers checking and savings accounts, and individual retirement accounts, as well as certificates of deposit; and personal, auto, boat, recreation vehicle, mortgage, adjustable-rate mortgage, construction, home equity, equipment and machinery, inventory, real-estate, acquisition, and small business administration loans, as well as lines of credit. It also provides credit cards; and merchant, bill pay, remote deposit capture, ACH origination and notification, positive pay, online banking, e-statements, mobile banking, mobile deposit, mobile wallet, and card protect services. The company was founded in 1932 and is based in Pascagoula, Mississippi.
Merchants & Marine Bancorp Dividend Announcement
• Merchants & Marine Bancorp announced a quarterly dividend of $0.55 per ordinary share which will be made payable on 2025-01-02. Ex dividend date: 2024-12-13
• Merchants & Marine Bancorp annual dividend for 2024 was $1.45
• Merchants & Marine Bancorp annual dividend for 2023 was $1.45
• Merchants & Marine Bancorp's trailing twelve-month (TTM) dividend yield is 2.07%
Merchants & Marine Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-12-13 | $0.55 | quarterly | 2025-01-02 |
2024-09-13 | $0.30 | quarterly | 2024-10-01 |
2024-06-14 | $0.30 | quarterly | 2024-07-01 |
2024-03-07 | $0.30 | quarterly | 2024-04-01 |
2023-12-07 | $0.55 | quarterly | 2024-01-02 |
2023-09-07 | $0.30 | quarterly | 2023-10-02 |
2023-06-08 | $0.30 | quarterly | 2023-07-03 |
2023-03-09 | $0.30 | quarterly | 2023-04-03 |
2022-12-08 | $0.55 | quarterly | 2023-01-03 |
2022-09-08 | $0.30 | quarterly | 2022-10-03 |
2022-06-09 | $0.30 | quarterly | 2022-07-01 |
2022-03-10 | $0.30 | quarterly | 2022-04-01 |
2021-12-09 | $0.55 | quarterly | 2022-01-03 |
2021-09-09 | $0.30 | quarterly | 2021-10-01 |
2021-06-10 | $0.30 | quarterly | 2021-07-01 |
2021-03-11 | $0.30 | quarterly | 2021-04-01 |
2020-12-10 | $0.55 | quarterly | 2021-01-01 |
2020-09-10 | $0.30 | quarterly | 2020-10-01 |
2020-06-11 | $0.30 | quarterly | 2020-07-01 |
2020-03-05 | $0.30 | quarterly | 2020-04-01 |
2019-12-12 | $0.55 | quarterly | 2020-01-01 |
2019-09-12 | $0.30 | quarterly | 2019-10-01 |
2019-06-13 | $0.30 | quarterly | 2019-07-01 |
2019-03-07 | $0.30 | quarterly | 2019-04-01 |
2018-12-13 | $0.55 | quarterly | 2019-01-01 |
2018-09-13 | $0.30 | quarterly | 2018-10-01 |
2018-06-07 | $0.30 | quarterly | 2018-07-02 |
2018-03-08 | $0.30 | quarterly | 2018-04-02 |
2017-12-07 | $0.55 | quarterly | 2018-01-01 |
2017-09-07 | $0.30 | quarterly | 2017-10-01 |
2017-06-07 | $0.30 | quarterly | 2017-07-01 |
2017-03-08 | $0.25 | quarterly | 2017-04-01 |
Merchants & Marine Bancorp Dividend per year
Merchants & Marine Bancorp Dividend growth
Merchants & Marine Bancorp Dividend Yield
Merchants & Marine Bancorp current trailing twelve-month (TTM) dividend yield is 2.07%. Interested in purchasing Merchants & Marine Bancorp stock? Use our calculator to estimate your expected dividend yield:
Merchants & Marine Bancorp Financial Ratios
Merchants & Marine Bancorp Dividend FAQ
Other factors to consider when evaluating Merchants & Marine Bancorp 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: Merchants & Marine Bancorp'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, Merchants & Marine Bancorp 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, Merchants & Marine Bancorp 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 Merchants & Marine Bancorp 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: Merchants & Marine Bancorp 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, Merchants & Marine Bancorp distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Merchants & Marine Bancorp 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 Merchants & Marine Bancorp'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 Merchants & Marine Bancorp'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.