Mountain Commerce Bancorp, Inc. operates as the holding company for Mountain Commerce Bank that provides banking services for small- and medium-sized businesses, professionals, and affluent individuals. It offers checking and savings accounts; certificates of deposit; and mortgage loans, personal loans and lines of credit, commercial real estate loans, small business administration loans, equipment lending, operating lines of credit, and credit cards. The company also provides private banking, free fraud monitoring, estatement, remote deposit capture, and online banking services; and treasury management solutions. In addition, it offers fee based investment management accounts, such as individual stocks, stock mutual funds, and stock exchange traded funds; individual bonds, bond mutual funds, and fixed income exchange traded funds; and 529 college funding plans, as well as traditional, roth, and simple IRA's. Further, the company provides retirement plan consulting services comprising 401(k) and 403(b) plan design review and search services, fiduciary, investment committee support and guidance, and participant education and newsletters; life insurance for individuals, groups, or estate planning strategies; disability insurance and long term care insurance; and financial planning products and services. It operates through six branches located in Brentwood, Erwin, Johnson City, Knoxville, and Unicoi. The company was founded in 1910 and is based in Knoxville, Tennessee.
Mountain Commerce Bancorp Dividend Announcement
• Mountain Commerce Bancorp announced a quarterly dividend of $0.05 per ordinary share which will be made payable on 2024-12-02. Ex dividend date: 2024-11-04
• Mountain Commerce Bancorp annual dividend for 2024 was $0.23
• Mountain Commerce Bancorp annual dividend for 2023 was $0.64
• Mountain Commerce Bancorp's trailing twelve-month (TTM) dividend yield is 1.07%
Mountain Commerce Bancorp Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-04 | $0.05 | quarterly | 2024-12-02 |
2024-08-05 | $0.05 | quarterly | 2024-09-02 |
2024-05-03 | $0.05 | quarterly | 2024-06-03 |
2024-02-02 | $0.08 | quarterly | 2024-03-01 |
2023-11-03 | $0.16 | quarterly | 2023-12-01 |
2023-08-04 | $0.16 | quarterly | 2023-09-01 |
2023-05-05 | $0.16 | quarterly | 2023-06-01 |
2023-02-03 | $0.16 | quarterly | 2023-03-01 |
2022-11-04 | $0.16 | quarterly | 2022-12-01 |
2022-08-05 | $0.15 | quarterly | 2022-09-01 |
2022-05-06 | $0.15 | quarterly | 2022-06-01 |
2022-02-04 | $0.14 | quarterly | 2022-03-01 |
2021-11-05 | $0.14 | quarterly | 2021-12-01 |
2021-08-06 | $0.14 | quarterly | 2021-09-01 |
2021-05-11 | $0.13 | quarterly | 2021-06-01 |
2021-02-04 | $0.12 | quarterly | 2021-03-01 |
Mountain Commerce Bancorp Dividend per year
Mountain Commerce Bancorp Dividend growth
Mountain Commerce Bancorp Dividend Yield
Mountain Commerce Bancorp current trailing twelve-month (TTM) dividend yield is 1.07%. Interested in purchasing Mountain Commerce Bancorp stock? Use our calculator to estimate your expected dividend yield:
Mountain Commerce Bancorp Financial Ratios
Mountain Commerce Bancorp Dividend FAQ
Other factors to consider when evaluating Mountain Commerce 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: Mountain Commerce 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, Mountain Commerce 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, Mountain Commerce 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 Mountain Commerce 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: Mountain Commerce 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, Mountain Commerce 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: Mountain Commerce 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 Mountain Commerce 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 Mountain Commerce 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.