MVB Financial Corp., through its subsidiaries, provides financial services to individuals and corporate clients in the Mid-Atlantic region and internationally. The company operates through three segments: CoRe Banking, Mortgage Banking, and Financial Holding Company. It offers various demand deposit accounts, savings accounts, money market accounts, and certificates of deposit; and commercial, consumer, and real estate mortgage loans, as well as lines of credit. The company also provides debit cards; cashier's checks; safe deposit rental facilities; and non-deposit investment services, as well as financial technology (Fintech) banking services. In addition, it offers title insurance; and integrated regulatory compliance, state licensing, financial crimes prevention, and enterprise risk management services that include consulting, outsourcing, testing, and training solutions. Further, the company offers a customizable suite of fraud prevention services for merchants, credit agencies, Fintech companies, and other vendors; and consulting for the development of online and mobile banking platforms, and digital products for Fintech companies, as well as develops software. As of December 31, 2021, it operated six full-service branches in West Virginia and two full-service branches in Virginia. MVB Financial Corp. was founded in 1997 and is headquartered in Fairmont, West Virginia.
MVB Financial Dividend Announcement
• MVB Financial announced a quarterly dividend of $0.17 per ordinary share which will be made payable on 2024-12-15. Ex dividend date: 2024-11-29
• MVB Financial annual dividend for 2024 was $0.68
• MVB Financial annual dividend for 2023 was $0.68
• MVB Financial's trailing twelve-month (TTM) dividend yield is 3.13%
• MVB Financial's payout ratio for the trailing twelve months (TTM) is 46.88%
• MVB Financial's dividend growth over the last five years (2018-2023) was 43.95% year
• MVB Financial's dividend growth over the last ten years (2013-2023) was 16.32% year
MVB Financial Dividend History
Ex-Div date | Dividend amount | Dividend type | Pay date |
---|---|---|---|
2024-11-29 | $0.17 | quarterly | 2024-12-15 |
2024-08-30 | $0.17 | quarterly | 2024-09-15 |
2024-05-31 | $0.17 | quarterly | 2024-06-15 |
2024-02-29 | $0.17 | quarterly | 2024-03-15 |
2023-11-30 | $0.17 | quarterly | 2023-12-15 |
2023-08-31 | $0.17 | quarterly | 2023-09-15 |
2023-05-31 | $0.17 | quarterly | 2023-06-15 |
2023-02-28 | $0.17 | quarterly | 2023-03-15 |
2022-11-30 | $0.17 | quarterly | 2022-12-15 |
2022-08-31 | $0.17 | quarterly | 2022-09-15 |
2022-05-31 | $0.17 | quarterly | 2022-06-15 |
2022-02-28 | $0.17 | quarterly | 2022-03-15 |
2021-11-30 | $0.15 | quarterly | 2021-12-15 |
2021-08-31 | $0.14 | quarterly | 2021-09-15 |
2021-05-28 | $0.12 | quarterly | 2021-06-15 |
2021-02-26 | $0.10 | quarterly | 2021-03-15 |
2020-11-30 | $0.09 | quarterly | 2020-12-15 |
2020-08-31 | $0.09 | quarterly | 2020-09-15 |
2020-05-29 | $0.09 | quarterly | 2020-06-15 |
2020-02-27 | $0.09 | quarterly | 2020-03-15 |
2019-11-27 | $0.07 | quarterly | 2019-12-15 |
2019-08-29 | $0.05 | quarterly | 2019-09-15 |
2019-05-30 | $0.04 | quarterly | 2019-06-15 |
2019-02-28 | $0.04 | quarterly | 2019-03-15 |
2018-11-29 | $0.03 | quarterly | 2018-12-15 |
2018-08-30 | $0.03 | quarterly | 2018-09-15 |
2018-05-31 | $0.03 | quarterly | 2018-06-15 |
2018-03-01 | $0.03 | quarterly | 2018-03-15 |
2017-11-30 | $0.03 | quarterly | 2017-12-15 |
2017-08-30 | $0.03 | quarterly | 2017-09-15 |
2017-05-30 | $0.03 | quarterly | 2017-06-15 |
2017-02-27 | $0.03 | quarterly | 2017-03-15 |
2016-11-29 | $0.02 | quarterly | 2016-12-15 |
2016-08-30 | $0.02 | quarterly | 2016-09-15 |
2016-05-27 | $0.02 | quarterly | 2016-06-15 |
2016-02-26 | $0.02 | quarterly | 2016-03-15 |
2015-11-27 | $0.02 | quarterly | 2015-12-15 |
2015-08-28 | $0.02 | quarterly | 2015-09-15 |
2015-05-28 | $0.04 | quarterly | 2015-06-15 |
2014-12-12 | $0.04 | quarterly | 2014-12-31 |
2014-05-28 | $0.04 | quarterly | 2014-06-16 |
2013-12-12 | $0.08 | quarterly | 2013-12-30 |
2013-05-29 | $0.07 | quarterly | 2013-06-17 |
MVB Financial Dividend per year
MVB Financial Dividend growth
MVB Financial Dividend Yield
MVB Financial current trailing twelve-month (TTM) dividend yield is 3.13%. Interested in purchasing MVB Financial stock? Use our calculator to estimate your expected dividend yield:
MVB Financial Financial Ratios
MVB Financial Dividend FAQ
Other factors to consider when evaluating MVB 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: MVB 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, MVB 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, MVB 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 MVB 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: MVB 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, MVB 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: MVB 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 MVB 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 MVB 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.