Mackinac Financial Corporation (MFNC) to Issue $0.12 Quarterly Dividend

Mackinac Financial Corporation (NASDAQ:MFNC) declared a quarterly dividend on Tuesday, September 12th, NASDAQ reports. Stockholders of record on Friday, September 22nd will be paid a dividend of 0.12 per share by the financial services provider on Tuesday, October 3rd. This represents a $0.48 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Thursday, September 21st.

Shares of Mackinac Financial Corporation (NASDAQ MFNC) traded down 1.67% on Wednesday, hitting $14.75. The stock had a trading volume of 10,388 shares. The firm has a market capitalization of $92.84 million, a P/E ratio of 13.43 and a beta of 0.61. Mackinac Financial Corporation has a 12-month low of $11.00 and a 12-month high of $15.16. The company has a 50 day moving average of $14.40 and a 200-day moving average of $13.92.

Mackinac Financial Corporation (NASDAQ:MFNC) last announced its quarterly earnings data on Thursday, July 27th. The financial services provider reported $0.27 earnings per share (EPS) for the quarter. The business had revenue of $10.11 million for the quarter. Mackinac Financial Corporation had a net margin of 14.88% and a return on equity of 8.79%.

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MFNC has been the topic of a number of recent analyst reports. ValuEngine raised shares of Mackinac Financial Corporation from a “hold” rating to a “buy” rating in a research note on Saturday, August 12th. TheStreet raised shares of Mackinac Financial Corporation from a “c+” rating to a “b-” rating in a research note on Friday, July 28th.

About Mackinac Financial Corporation

Mackinac Financial Corporation is a bank holding Company of mBank (the Bank). The Company, through the Bank, is engaged in the general commercial banking business. The Bank provides a range of loan and deposit products. These banking services include customary retail and commercial banking services, including checking and savings accounts, time deposits, interest bearing transaction accounts, safe deposit facilities, real estate mortgage lending, commercial lending, commercial and governmental lease financing, and direct and indirect consumer financing.

Dividend History for Mackinac Financial Corporation (NASDAQ:MFNC)

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