Mid Penn Bancorp, Inc. operates as the bank holding company for Mid Penn Bank that provides commercial banking services to individuals, partnerships, non-profit organizations, and corporations. The company offers various time and demand deposit products, including checking accounts, savings accounts, clubs, money market deposit accounts, certificates of deposit, and IRAs. It also provides a range of loan products comprising mortgage and home equity loans, secured and unsecured commercial and consumer loans, lines of credit, construction financing, farm loans, community development loans, loans to non-profit entities, and local government loans. In addition, the company offers online banking, telephone banking, cash management, and automated teller services, as well as safe deposit boxes; and trust and wealth management services. As of December 31, 2021, it operated sixty full-service retail banking locations in Berks, Blair, Bucks, Centre, Chester, Clearfield, Cumberland, Dauphin, Fayette, Huntingdon, Lancaster, Lehigh, Luzerne, Lycoming, Montgomery, Northumberland, Perry, Schuylkill, and Westmoreland counties, Pennsylvania. The company was founded in 1868 and is headquartered in Harrisburg, Pennsylvania.
Mid Penn Bancorp Dividend Announcement
• Mid Penn Bancorp announced a quarterly dividend of $0.20 per ordinary share which will be made payable on 2024-11-25. Ex dividend date: 2024-11-08
• Mid Penn Bancorp annual dividend for 2024 was $0.80
• Mid Penn Bancorp annual dividend for 2023 was $0.80
• Mid Penn Bancorp's trailing twelve-month (TTM) dividend yield is 2.43%
• Mid Penn Bancorp's payout ratio for the trailing twelve months (TTM) is 31.96%
• Mid Penn Bancorp's dividend growth over the last five years (2018-2023) was 12.20% year
• Mid Penn Bancorp's dividend growth over the last ten years (2013-2023) was 12.33% year
Mid Penn Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-08 | $0.20 | quarterly | 2024-11-25 |
2024-08-09 | $0.20 | quarterly | 2024-08-26 |
2024-05-09 | $0.20 | quarterly | 2024-05-27 |
2024-02-08 | $0.20 | quarterly | 2024-02-20 |
2023-11-09 | $0.20 | quarterly | 2023-11-27 |
2023-08-09 | $0.20 | quarterly | 2023-08-28 |
2023-05-09 | $0.20 | quarterly | 2023-05-22 |
2023-02-09 | $0.20 | quarterly | 2023-02-20 |
2022-11-09 | $0.20 | quarterly | 2022-11-28 |
2022-08-09 | $0.20 | quarterly | 2022-08-22 |
2022-05-09 | $0.20 | quarterly | 2022-05-23 |
2022-02-10 | $0.20 | quarterly | 2022-02-28 |
2021-11-09 | $0.20 | quarterly | 2021-11-22 |
2021-08-09 | $0.20 | quarterly | 2021-08-23 |
2021-05-07 | $0.20 | quarterly | 2021-05-24 |
2021-02-09 | $0.19 | quarterly | 2021-02-22 |
2021-01-08 | $0.05 | quarterly | 2021-01-25 |
2020-11-09 | $0.18 | quarterly | 2020-11-23 |
2020-08-07 | $0.18 | quarterly | 2020-08-24 |
2020-05-08 | $0.18 | quarterly | 2020-05-25 |
2020-02-04 | $0.23 | quarterly | 2020-02-24 |
2019-11-05 | $0.18 | quarterly | 2019-11-25 |
2019-08-06 | $0.18 | quarterly | 2019-08-26 |
2019-05-07 | $0.18 | quarterly | 2019-05-27 |
2019-02-05 | $0.25 | quarterly | 2019-02-25 |
2018-11-06 | $0.15 | quarterly | 2018-11-26 |
2018-08-07 | $0.15 | quarterly | 2018-08-27 |
2018-05-08 | $0.15 | quarterly | 2018-05-28 |
2017-12-20 | $0.25 | quarterly | 2018-01-12 |
2017-11-07 | $0.13 | quarterly | 2017-11-27 |
2017-08-07 | $0.13 | quarterly | 2017-08-28 |
2017-05-08 | $0.13 | quarterly | 2017-05-22 |
2017-02-06 | $0.13 | quarterly | 2017-02-27 |
2016-12-30 | $0.10 | quarterly | 2017-01-17 |
2016-11-07 | $0.12 | quarterly | 2016-11-28 |
2016-08-08 | $0.12 | quarterly | 2016-08-22 |
2016-05-09 | $0.12 | quarterly | 2016-05-23 |
2016-02-08 | $0.22 | quarterly | 2016-02-22 |
2015-11-06 | $0.12 | quarterly | 2015-11-23 |
2015-08-03 | $0.12 | quarterly | 2015-08-24 |
2015-05-04 | $0.10 | quarterly | 2015-05-25 |
2015-02-09 | $0.10 | quarterly | 2015-02-23 |
2014-12-24 | $0.10 | quarterly | 2015-01-19 |
2014-11-03 | $0.10 | quarterly | 2014-11-24 |
2014-08-04 | $0.10 | quarterly | 2014-08-25 |
2014-05-05 | $0.10 | quarterly | 2014-05-26 |
2014-02-03 | $0.05 | quarterly | 2014-02-24 |
2013-12-26 | $0.10 | quarterly | 2014-01-20 |
2013-11-04 | $0.05 | quarterly | 2013-11-25 |
2013-08-05 | $0.05 | quarterly | 2013-08-26 |
2013-05-06 | $0.05 | quarterly | 2013-05-27 |
Mid Penn Bancorp Dividend per year
Mid Penn Bancorp Dividend growth
Mid Penn Bancorp Dividend Yield
Mid Penn Bancorp current trailing twelve-month (TTM) dividend yield is 2.43%. Interested in purchasing Mid Penn Bancorp stock? Use our calculator to estimate your expected dividend yield:
Mid Penn Bancorp Financial Ratios
Mid Penn Bancorp Dividend FAQ
Other factors to consider when evaluating Mid Penn 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: Mid Penn 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, Mid Penn 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, Mid Penn 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 Mid Penn 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: Mid Penn 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, Mid Penn 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: Mid Penn 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 Mid Penn 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 Mid Penn 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.