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MFGI Projected Dividend Yield

Merchants Financial Group Inc ( OTCBB : MFGI )

Merchants Financial Group is a bank holding company for (the Banks): Merchants Bank, National Association - Winona; Merchants Bank, National Association - La Crescent; and Merchants Bank, National Association - Caledonia. The Banks provide retail, commercial loan and deposit services principally to customers within a 50-mile radius of the Banks' locations. In addition, Merchants Bank, Winona's leasing subsidiary, Merchants Capital Resources, Inc. operates in the Minneapolis-St. Paul metropolitan area. Co.'s subsidiary, Winona County Abstract Company, Inc provides real estate title and abstracting services.At Dec 31 2008, Co had total assets of $937.9 million and deposits of $730.7 million.

30 YEAR PERFORMANCE RESULTS
MFGI Dividend History Detail
MFGI Dividend News
MFGI Competitors News
# of Shares: 0 Closing Price: 24.00 Current Market Value: 0.00 Cost Basis: 0.00 Date Acquired:
Dividend Cash Flow
Year Annual Dividend Dividend Growth # of Shares Annual Dividend Income Yield On Cost %
2004 0.16 0% 0 $ 0.00 0.00%
2005 0.16 2% 0 $ 0.00 0.00%
2006 0.17 4% 0 $ 0.00 0.00%
2007 0.17 2% 0 $ 0.00 0.00%
2008 0.18 2% 0 $ 0.00 0.00%
2009 0.18 2% 0 $ 0.00 0.00%
2010 0.18 0% 0 $ 0.00 0.00%
2011 0.19 6% 0 $ 0.00 0.00%
2012 0.27 40% 0 $ 0.00 0.00%
2013 0.29 7% 0 $ 0.00 0.00%
2014 0.32 10% 0 $ 0.00 0.00%
2015 0.34 8% 0 $ 0.00 0.00%
2016 0.37 8% 0 $ 0.00 0.00%
2017 0.37 1% 0 $ 0.00 0.00%
2018 0.77 106% 0 $ 0.00 0.00%
2019 0.48 0% 0 $ 0.00 0.00%
2020 0.50 3% 0 $ 0.00 0.00%
2021 0.55 10% 0 $ 0.00 0.00%
2022 0.63 15% 0 $ 0.00 0.00%
2023 0.70 11% 0 $ 0.00 0.00%
2024 0.72 11% 0 $ 0.00 2.92%
2025 0.78 11% 0 $ 0.00 3.24%
2026 0.86 11% 0 $ 0.00 3.60%
2027 0.96 11% 0 $ 0.00 4.00%
2028 1.07 11% 0 $ 0.00 4.45%
2029 1.19 11% 0 $ 0.00 4.94%
2030 1.32 11% 0 $ 0.00 5.49%
2031 1.46 11% 0 $ 0.00 6.10%
2032 1.63 11% 0 $ 0.00 6.78%
2033 1.81 11% 0 $ 0.00 7.53%
2034 2.01 11% 0 $ 0.00 8.36%
Using the current years Dividend Growth rate of 11% and projecting 11% forward the annual dividend income in 10/yrs would be $ 0.00 with a yield on cost % of 8.36%
Rolling Last 4 qtrs dividends total $ 0.70 and Previous last 4 qtrs dividends total $ 0.63
Dividend 1 Yr Growth = ( 0.70 – 0.63 ) × 100 = 11% (Click the Edit pencil if you want to modify the forward dividend growth rate projection)
0.63
Year
Declaration Date
Ex-Dividend Date
Record Date
Payable Date
Dividend $ Amount
2024
Apr 23, 2024
May 16, 2024
May 17, 2024
Jun 21, 2024
0.3600
2024 Total:
0.3600
2023
Oct 17, 2023
Nov 16, 2023
Nov 17, 2023
Dec 22, 2023
0.3600
2023
Apr 18, 2023
May 18, 2023
May 19, 2023
Jun 23, 2023
0.3400
2023 Total:
0.7000
2022
Oct 18, 2022
Nov 17, 2022
Nov 18, 2022
Dec 23, 2022
0.3300
2022
Apr 19, 2022
May 19, 2022
May 20, 2022
Jun 17, 2022
0.3000
2022 Total:
0.6300
2021
Oct 19, 2021
Nov 18, 2021
Nov 19, 2021
Dec 17, 2021
0.2833
2021
Apr 20, 2021
May 20, 2021
May 21, 2021
Jun 18, 2021
0.2667
2021 Total:
0.5500
2020
Oct 20, 2020
Nov 19, 2020
Nov 20, 2020
Dec 18, 2020
0.2500
2020
Apr 21, 2020
May 21, 2020
May 22, 2020
Jun 19, 2020
0.2500
2020 Total:
0.5000
2019
Oct 16, 2019
Nov 21, 2019
Nov 22, 2019
Dec 20, 2019
0.2500
2019
Apr 17, 2019
May 16, 2019
May 17, 2019
Jun 21, 2019
0.2333
2019 Total:
0.4833
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