Macatawa Bank Supports Customers through Tough Times, Supporting Shareholders through Changes
As the day concludes, Macatawa Bank (NASDAQ:MCBC) is preparing to distribute a dividend payout of $0.09 per share, resulting in an annualized dividend yield of 4.32%. This payout is exclusive to investors who held the stock before the ex-dividend date on November 13, 2023.
Macatawa Bank Recent Dividend Payouts
| Ex-Date | Payments per year | Dividend | Yield | Announced | Record | Payable |
|---|---|---|---|---|---|---|
| 2023-11-13 | 4 | $0.09 | 4.32% | 2023-10-26 | 2023-11-14 | 2023-11-29 |
| 2023-08-14 | 4 | $0.08 | 3.14% | 2023-07-27 | 2023-08-15 | 2023-08-30 |
| 2023-05-12 | 4 | $0.08 | 3.43% | 2023-04-27 | 2023-05-15 | 2023-05-30 |
| 2023-02-10 | 4 | $0.08 | 3.08% | 2023-01-26 | 2023-02-13 | 2023-02-28 |
| 2022-11-14 | 4 | $0.08 | 3.2% | 2022-10-27 | 2022-11-15 | 2022-11-30 |
| 2022-08-10 | 4 | $0.08 | 3.45% | 2022-07-28 | 2022-08-11 | 2022-08-25 |
| 2022-05-11 | 4 | $0.08 | 3.67% | 2022-04-28 | 2022-05-12 | 2022-05-26 |
| 2022-02-09 | 4 | $0.08 | 3.48% | 2022-01-27 | 2022-02-10 | 2022-02-24 |
| 2021-11-09 | 4 | $0.08 | 3.85% | 2021-10-28 | 2021-11-11 | 2021-11-29 |
| 2021-08-10 | 4 | $0.08 | 3.92% | 2021-07-26 | 2021-08-11 | 2021-08-26 |
| 2021-05-11 | 4 | $0.08 | 3.21% | 2021-04-26 | 2021-05-12 | 2021-05-27 |
| 2021-02-09 | 4 | $0.08 | 3.81% | 2021-01-28 | 2021-02-10 | 2021-02-25 |
With a dividend yield that places it neither at the top nor the bottom, Macatawa Bank finds itself in the middle among its industry peers, while West Bancorp (NASDAQ:WTBA) boasts the highest annualized dividend yield at 5.72%.
Analyzing Macatawa Bank Financial Health
Companies that pay out steady cash dividends are attractive to income-seeking investors, and companies that are financially healthy tend to maintain their dividend payout schedule. For this reason, investors can find it insightful to see if a company has been increasing or decreasing their dividend payout schedule and if their earnings are growing.
YoY Growth in Dividend Per Share
Investors witnessed an upward trajectory in the company's dividend per share between 2019 and 2022. The dividend per share rose from $0.28 to $0.32, indicating the company's dedication to enhancing shareholder value through increased dividends.
YoY Earnings Growth For Macatawa Bank
The earnings chart highlights a decrease in Macatawa Bank's earnings per share, declining from $0.91 in 2019 to $0.84 in 2022. This decline in earnings raises a red flag for income-seeking investors, as it suggests a potential decrease in the company's ability to generate cash for dividend payouts. It is essential to closely examine the factors behind this decrease and assess the long-term impact on dividend sustainability.
Recap
In this article, we explore the recent dividend payout of Macatawa Bank and its significance for shareholders. The company has decided to distribute a dividend of $0.09 per share today, which equates to an annualized dividend yield of 4.32%.
With a dividend yield that places it neither at the top nor the bottom, Macatawa Bank finds itself in the middle among its industry peers, while West Bancorp boasts the highest annualized dividend yield at 5.72%.
The increase in dividend per share from 2019 to 2022 combined with a decrease in earnings per share for Macatawa Bank suggests a strategic decision to prioritize shareholder returns over earnings growth.
Keeping a vigilant eye on the company's performance in the coming quarters will allow investors to stay current with any variations in financials or dividend disbursements.
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This article was generated by Benzinga's automated content engine and reviewed by an editor.