Published on 9 Aug 2023 on Simply Wall St. via Yahoo Finance

Macatawa Bank Corporation (NASDAQ:MCBC) Looks Interesting, And It's About To Pay A Dividend

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Macatawa Bank Corporation (NASDAQ:MCBC) is about to trade ex-dividend in the next four days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Thus, you can purchase Macatawa Bank's shares before the 14th of August in order to receive the dividend, which the company will pay on the 30th of August.

The company's next dividend payment will be US$0.08 per share, and in the last 12 months, the company paid a total of US$0.32 per share. Based on the last year's worth of payments, Macatawa Bank stock has a trailing yield of around 3.3% on the current share price of $9.6. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing.

View our latest analysis for Macatawa Bank