Reminder - Mackinac Financial (MFNC) Goes Ex-Dividend Soon

Looking at the universe of stocks we cover at Dividend Channel, on 4/3/13, Mackinac Financial Corp ( MFNC) MFNC will trade ex-dividend, for its quarterly dividend of $0.04, payable on 4/15/13. As a percentage of MFNC's recent stock price of $9.11, this dividend works out to approximately 0.44%.

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Below is a dividend history chart for MFNC, showing historical dividends prior to the most recent $0.04 declared by Mackinac Financial Corp:

MFNC+Dividend+History+Chart

In general, dividends are not always predictable; but looking at the history above can help in judging whether the most recent dividend from MFNC is likely to continue, and whether the current estimated yield of 1.76% on annualized basis is a reasonable expectation of annual yield going forward.

In Tuesday trading, Mackinac Financial Corp shares are currently down about 1.5% on the day.
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