Macatawa Bank Corp 12 Months dividend pay out ratio, in the first quarter 2024, sequentially increased to 28.33% in the first quarter 2024, yet the ratio remained below the average.

Within Financial sector 408 other companies have achieved higher 12 Months dividend pay out ratio. While Cumulative dividend pay out ratio total ranking has improved so far during the I Quarter 2024, to 272, from total ranking in the fourth quarter 2023 at 495.

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Back to MCBC Dividend Comparisons >> See also MCBC's dividend growth by quarter >> See also MCBC's eps growth

Cumulative Dividend Pay out Ratio	I. Quarter (Mar 31 2024)	IV. Quarter (Dec 31 2023)	III. Quarter (Sep 30 2023)	II. Quarter (Jun 30 2023)	I. Quarter (Mar 31 2023)
MCBC's Pay out Ratio (TTM)	28.33 %	26.19 %	24.06 %	24.81 %	27.12 %
MCBC's Dividend Pay out Ratio Total Ranking	# 272	# 495	# 955	# 955	# 0

News about Macatawa Bank Corp Dividends

Macatawa Bank Corp Announces Strong Dividend Declaration and 52-Week High, Reflecting Stellar Financial Performance

Macatawa Bank Corporation Declares Quarterly Dividend: Reflecting Strong Financial Performance
HOLLAND, Mich., April 25, 2024 - Macatawa Bank Corporation (Nasdaq: MCBC) has announced that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on its common stock. This dividend, to be paid on May 30, 2024, demonstrates the Company's strong financial condition and exceptional earnings performance. Shareholders of record on May 13, 2024, will be eligible to receive the dividend.
Macatawa Bank Corp has been consistently delivering favorable results, fueled by its commitment to financial excellence and customer-centric approach. This announcement comes in the wake of the company showing substantial growth, with its shares improving by 45.71% over the preceding 30 days. Notably, this brings the share price to 48.13% during the second quarter of 2024, indicating a remarkable upward trend.

Macatawa Bank Corporation's Strong Financial Performance Spurs Quarterly Dividend Declaration

Macatawa Bank Corporation Declares Quarterly Dividend Amidst Strong Financial Performance
HOLLAND, Mich., Jan. 25, 2024 - Macatawa Bank Corporation (Nasdaq: MCBC) proudly announces that its Board of Directors has declared a quarterly cash dividend of $0.09 per share on its common stock. This dividend will be paid on February 28, 2024, to shareholders of record on February 13, 2024. The Company's decision to declare this dividend reflects Macatawa's robust financial condition and impressive earnings performance.
As of the writing of this article, Macatawa Bank Corporation has maintained strong and favorable results, which have contributed to their ability to distribute quarterly dividends to shareholders. In the third quarter of 2023, the company experienced an increase in earnings per share, resulting in a sequentially decreased 12 Months dividend pay-out ratio of 24.12%. This decrease indicates the company's continued growth and financial strength, with the pay-out ratio staying below MCBC's average.

Macatawa Bank Corporation Boosts Quarterly Dividend by 12%, Attracting Investors and Signaling Confidence in Future Growth.

Macatawa Bank Corporation Announces Strong Quarterly Dividend Increase
HOLLAND, Mich., Oct. 26, 2023 - Macatawa Bank Corporation (Nasdaq: MCBC) (Macatawa or the Company) has made a significant announcement today, declaring a quarterly cash dividend of $0.09 per share on its common stock. This move represents a 12% increase from the previous quarterly dividend rate of $0.08 per share. The dividend payout is scheduled for November 29, 2023, to shareholders of record on November 14, 2023.
Macatawa Bank Corporation is a leading regional bank serving customers in western Michigan. With a focus on providing superior financial solutions and outstanding customer service, the Company has established a strong presence in the community. The decision to increase the quarterly dividend reflects Macatawa's commitment to value creation for its shareholders and confidence in its ongoing financial strength.

MCBC's Dividend Pay out Ratio Company Ranking
Within:	No.
Regional Banks Industry	# 120
Financial Sector	# 409
S&P 500	# 272

Dividend Pay out Ratio Statistics
High	Average	Low
42.11 %	30.36 %	6.18 %
(Jun 30 2022)		(Mar 31 2014)

Other Dividend Ratios
Highest Ranking Dividend Yield
Lowest Ranking Dividend Yield
Annual Dividend Pay out for MCBC
MCBC's Dividend Yield

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