Merchants Financial Group, Inc. operates as the bank holding company for Merchants Bank, National Association that provides various banking products and services to individuals and families, and companies in the United States. It offers checking, savings, certificates of deposit, and individual retirement accounts; and debit, gift, travel, and credit cards. The company also provides personal loans for cars and autos, boats, trailers, motorcycles, tractors, or RVs; furniture or appliances; debt consolidation services; mortgage, construction, home equity, term, commercial and residential real estate, equipment finance, floor plan, fleet/truck, small business, farming/start-up, and other loans, as well as finance for farming operations, including working capital and input costs, equipment, capital improvements, and others. In addition, it offers investment and trust, treasury management, and mobile and online banking services. It operates branches in Winona, Goodview, Rushford, Lanesboro, St. Charles, Rochester, La Crescent, Caledonia, Spring Grove, Cannon Falls, Red Wing, Hampton, Hastings, Apple Valley, Lakeville, Cottage Grove, Rosemount, and Northfield, Minnesota; and Onalaska and Eau Claire, Wisconsin. The company was founded in 1875 and is headquartered in Winona, Minnesota.
Merchants Financial Dividend Announcement
• Merchants Financial announced a semi annually dividend of $0.36 per ordinary share which will be made payable on 2024-12-20. Ex dividend date: 2024-11-22
• Merchants Financial annual dividend for 2024 was $0.72
• Merchants Financial annual dividend for 2023 was $0.70
• Merchants Financial's trailing twelve-month (TTM) dividend yield is 2.7%
• Merchants Financial's dividend growth over the last five years (2018-2023) was -21.24% year
• Merchants Financial's dividend growth over the last ten years (2013-2023) was -2.04% year
Merchants Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-22 | $0.36 | semi annually | 2024-12-20 |
2024-05-16 | $0.36 | semi annually | 2024-06-21 |
2023-11-16 | $0.36 | semi annually | 2023-12-22 |
2023-05-18 | $0.34 | semi annually | 2023-06-23 |
2022-11-17 | $0.33 | semi annually | 2022-12-23 |
2022-05-19 | $0.30 | semi annually | 2022-06-17 |
2021-11-18 | $0.85 | semi annually | 2021-12-24 |
2021-05-20 | $0.80 | semi annually | 2021-06-18 |
2020-11-19 | $0.75 | semi annually | 2020-12-18 |
2020-05-21 | $0.75 | semi annually | 2020-06-19 |
2019-11-21 | $0.75 | semi annually | 2019-12-20 |
2019-05-16 | $0.70 | semi annually | 2019-06-21 |
2018-11-15 | $0.70 | semi annually | 2018-12-21 |
2018-05-17 | $0.61 | semi annually | 2018-06-22 |
2018-02-08 | $1.00 | semi annually | 2018-03-30 |
2017-11-16 | $0.56 | semi annually | 2017-12-22 |
2017-05-17 | $0.56 | semi annually | 2017-06-23 |
2016-11-16 | $0.56 | semi annually | |
2016-05-18 | $0.55 | semi annually | |
2015-11-18 | $0.53 | semi annually | |
2015-05-13 | $0.50 | semi annually | |
2014-11-18 | $0.50 | semi annually | |
2014-05-14 | $0.45 | semi annually | |
2013-11-18 | $0.45 | semi annually | |
2013-05-22 | $0.41 | semi annually |
Merchants Financial Dividend per year
Merchants Financial Dividend growth
Merchants Financial Dividend Yield
Merchants Financial current trailing twelve-month (TTM) dividend yield is 2.7%. Interested in purchasing Merchants Financial stock? Use our calculator to estimate your expected dividend yield:
Merchants Financial Financial Ratios
Merchants Financial Dividend FAQ
Other factors to consider when evaluating Merchants 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: Merchants 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, Merchants 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, Merchants 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 Merchants 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: Merchants 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, Merchants 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: Merchants 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 Merchants 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 Merchants 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.