Meridian Corporation operates as the holding company for Meridian Bank that provides commercial banking products and services in Pennsylvania, New Jersey, Delaware, and Maryland. The company offers various deposit products, such as demand non-interest bearing, demand interest bearing, savings accounts, money market accounts, and time deposits. It also provides commercial and industrial loans comprising business lines of credit, term loans, small business lending, lease financing, and shared national credits; commercial real estate, and land development and construction loans for residential and commercial projects; and consumer and home equity lending, private banking, merchant, and title and land settlement services. In addition, the company operates and originates mortgage loans for 1-4 family dwellings; and offers real estate holding, investment advisory, and equipment leasing services. It operates through a network of 6 full-service branches, and 19 other offices. The company was founded in 2004 and is headquartered in Malvern, Pennsylvania.
Meridian Dividend Announcement
• Meridian announced a quarterly dividend of $0.12 per ordinary share which will be made payable on 2024-11-19. Ex dividend date: 2024-11-12
• Meridian annual dividend for 2024 was $0.50
• Meridian annual dividend for 2023 was $0.62
• Meridian's trailing twelve-month (TTM) dividend yield is 3.21%
• Meridian's payout ratio for the trailing twelve months (TTM) is 49.43%
Meridian Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-12 | $0.12 | quarterly | 2024-11-19 |
2024-08-12 | $0.12 | quarterly | 2024-08-19 |
2024-05-10 | $0.12 | quarterly | 2024-05-20 |
2024-02-09 | $0.12 | quarterly | 2024-02-20 |
2023-11-10 | $0.12 | quarterly | 2023-11-20 |
2023-08-11 | $0.12 | quarterly | 2023-08-21 |
2023-05-12 | $0.12 | quarterly | 2023-05-22 |
2023-02-13 | $0.25 | quarterly | 2023-02-21 |
2022-11-10 | $0.20 | quarterly | 2022-11-21 |
2022-08-12 | $0.20 | quarterly | 2022-08-22 |
2022-05-13 | $0.20 | quarterly | 2022-05-23 |
2022-02-11 | $1.20 | quarterly | 2022-02-21 |
2021-11-12 | $0.20 | quarterly | 2021-11-22 |
2021-08-06 | $0.12 | quarterly | 2021-08-16 |
2021-05-07 | $0.12 | quarterly | 2021-05-17 |
2021-02-26 | $1.00 | quarterly | 2021-03-15 |
2021-02-10 | $0.12 | quarterly | 2021-02-22 |
2020-11-06 | $0.12 | quarterly | 2020-11-23 |
2020-08-07 | $0.12 | quarterly | 2020-08-24 |
Meridian Dividend per year
Meridian Dividend growth
Meridian Dividend Yield
Meridian current trailing twelve-month (TTM) dividend yield is 3.21%. Interested in purchasing Meridian stock? Use our calculator to estimate your expected dividend yield:
Meridian Financial Ratios
Meridian Dividend FAQ
Other factors to consider when evaluating Meridian 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: Meridian'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, Meridian 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, Meridian 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 Meridian 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: Meridian 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, Meridian distributes the dividend to eligible shareholders. The payment is usually made electronically, directly into the shareholder's brokerage account or bank account.
3. Currency: Meridian 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 Meridian'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 Meridian'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.